Fuelcell Energy Inc (NASDAQ:FCEL) price closed lower on Tuesday, November 12, and dropping -14.67% below its previous close.
A look at the daily price movement shows that the last close reads $6.68, with intraday deals fluctuated between $5.6717 and $6.4594. The company’s 5Y monthly beta was ticking 3.886. Taking into account the 52-week price action we note that the stock hit a 52-week high of $55.20 and 52-week low of $6.15. The stock subtracted -43.92% on its value in the past month.
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Fuelcell Energy Inc, which has a market valuation of $98.60 million, is expected to release its quarterly earnings report in December.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give FCEL a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 8 analysts have assigned FCEL a recommendation rating as follows: 7 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Fuelcell Energy Inc (FCEL) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that FCEL’s price is at present -40.59% off the SMA20 and -48.65% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 24.36, with weekly volatility standing at 14.97%. The indicator jumps to 10.76% when calculated based on the past 30 days. Fuelcell Energy Inc (NASDAQ:FCEL)’s beta value is holding at 3.51, while the average true range (ATR) indicator is currently reading 1.13. Considering analysts have assigned the stock a price target range of $1.25-$5.75 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3. Based on this estimate, we see that current price is roughly 78.07% off the estimated low and -0.88% off the forecast high. Investors will no doubt be excited to see the share price rise to $3, which is the median consensus price, and at that level FCEL would be 47.37% from current price.
An analysis of the Fuelcell Energy Inc (NASDAQ:FCEL) stock in terms of its daily trading volume indicates that the 3-month average is 899.00K. However, this figure increases on the past 10-day timeline to an average of 1.69 million.
Current records show that the company has 20.38M in outstanding shares. The insiders’ percentage holdings are 0.29% of outstanding shares while the percentage share held by institutions stands at 32.38%. The stats also highlight that short interest as of 2024-10-15, stood at 4.14 million shares, which puts the short ratio at the time at 5.34. From this we can glean that short interest is 2244.00 of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 4.02 million. But the -88.13% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
