Fuelcell Energy Inc (NASDAQ:FCEL) price on Thursday, June 12, fall -4.82% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $6.32.
A look at the stock’s price movement, the close in the last trading session was $6.64. Turning to its 52-week performance, $30.60 and $3.58 were the 52-week high and 52-week low respectively. Overall, FCEL moved 47.66% over the past month.
Fuelcell Energy Inc’s market cap currently stands at around $144.04 million, with investors looking forward to this quarter’s earnings report slated for in July.
Analysts have a consensus estimate of 49.78M for the company’s revenue for the quarter, with a low and high estimate of 41.3M and 57.06M respectively. The average forecast suggests up to a 110.10% 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 153.28M, representing a 36.70% 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 FCEL is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
8 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 7 analyst(s) rate the stock as a Hold, 0 recommend FCEL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
FCEL’s current price about 16.34% and 36.97% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 58.92, while 7-day volatility ratio is 10.69% and 9.87% in the 30-day chart. Further, Fuelcell Energy Inc (FCEL) has a beta value of 4.12, and an average true range (ATR) of 0.68. Analysts have given the company’s stock an average 52-week price target of $90, forecast between a low of $37.2 and high of $172.5. Looking at the price targets, the low is -488.61% off current price level while to achieve the yearly target high, price needs to move -2629.43%. Nonetheless, investors will most likely welcome a -1324.05% jump to $90 which is the analysts’ median price.
If we refocus on Fuelcell Energy Inc (NASDAQ:FCEL), historical trading data shows that trading volumes averaged 1.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 22.78 million shares.
The 0.37% of Fuelcell Energy Inc’s shares are in the hands of company insiders while institutional holders own 37.49% of the company’s shares. Current price change has pushed the stock -30.09% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FCEL stock continues to rise going into the next quarter.
