Bloom Energy Corp (NYSE:BE) price on current trading day, fall -1.22% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $25.96.
A look at the stock’s price movement, the close in the last trading session was $26.28, moving within a range at $25.48 and $26.91. The beta value (5-Year monthly) was 2.705. Turning to its 52-week performance, $28.70 and $8.41 were the 52-week high and 52-week low respectively. Overall, BE moved 127.72% over the past month.
Bloom Energy Corp’s market cap currently stands at around $5.93 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 511.64M for the company’s revenue for the quarter, with a low and high estimate of 458.95M and 561.7M respectively. The average forecast suggests up to a 43.35% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.42B, representing a 6.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BE is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 8 recommend BE as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BE’s current price about 20.14% and 75.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 76.57, while 7-day volatility ratio is 4.87% and 8.91% in the 30-day chart. Further, Bloom Energy Corp (BE) has a beta value of 3.03, and an average true range (ATR) of 1.64. Analysts have given the company’s stock an average 52-week price target of $19.5, forecast between a low of $10 and high of $22. Looking at the price targets, the low is 61.48% off current price level while to achieve the yearly target high, price needs to move 15.25%. Nonetheless, investors will most likely welcome a 24.88% jump to $19.5 which is the analysts’ median price.
If we refocus on Bloom Energy Corp (NYSE:BE), historical trading data shows that trading volumes averaged 9.16 over the past 10 days and 8.06 million over the past 3 months. The company’s latest data on shares outstanding shows there are 228.51 million shares.
The 15.45% of Bloom Energy Corp’s shares are in the hands of company insiders while institutional holders own 79.46% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 45.83 million on 2024-11-15, giving us a short ratio of 4.73. The data shows that as of 2024-11-15 short interest in Bloom Energy Corp (BE) stood at 3204.9999999999995 of shares outstanding, with shares short rising to 39.49 million registered in 2024-10-15. Current price change has pushed the stock 75.41% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BE stock continues to rise going into the next quarter.
