The closing price of Bloom Energy Corporation (NYSE: BE) was $13.80 for the day, down -6.95% from the previous closing price of $14.83. In other words, the price has decreased by -$1.03 from its previous closing price. On the day, 5794739 shares were traded. BE stock price reached its highest trading level at $14.53 during the session, while it also had its lowest trading level at $13.63.
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Our analysis of BE’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.60. In the meantime, Its Debt-to-Equity ratio is 2.16 whereas as Long-Term Debt/Eq ratio is at 2.04.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 17 when Moore Sharelynn Faye sold 3,073 shares for $13.65 per share. The transaction valued at 41,946 led to the insider holds 164,196 shares of the business.
Moore Sharelynn Faye sold 6,002 shares of BE for $79,286 on May 16. The insider now owns 167,269 shares after completing the transaction at $13.21 per share. On May 16, another insider, SODERBERG SHAWN MARIE, who serves as the EVP, GC & Secretary of the company, sold 1,499 shares for $13.21 each. As a result, the insider received 19,802 and left with 471,164 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BE now has a Market Capitalization of 2.65B and an Enterprise Value of 3.34B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.21 while its Price-to-Book (P/B) ratio in mrq is 7.15. Its current Enterprise Value per Revenue stands at 2.63 whereas that against EBITDA is -17.60.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $31.47, while it has fallen to a 52-week low of $12.33. The 50-Day Moving Average of the stock is 17.00, while the 200-Day Moving Average is calculated to be 20.80.
BE traded an average of 3.79M shares per day over the past three months and 9.75M shares per day over the past ten days. A total of 206.72M shares are outstanding, with a floating share count of 162.93M. Insiders hold about 6.40% of the company’s shares, while institutions hold 81.80% stake in the company. Shares short for BE as of Apr 27, 2023 were 18M with a Short Ratio of 18.00M, compared to 19.36M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 8.70% and a Short% of Float of 13.01%.
The firm’s stock currently is rated by 14 analysts. On average, analysts expect EPS of -$0.12 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.2, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.06 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.12 and -$0.37 for the fiscal current year, implying an average EPS of -$0.24. EPS for the following year is $0.36, with 16 analysts recommending between $0.7 and -$0.48.
It is expected that $90B in revenue will be generated in the current quarter, according to 17 analysts. It ranges from a high estimate of $348.92M to a low estimate of $295.74M. As of the current estimate, Bloom Energy Corporation’s year-ago sales were $243.24M, an estimated increase of 30.60% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $385.1M, an increase of 38.90% over than the figure of $30.60% in the same quarter last year. There is a high estimate of $427.46M for the next quarter, whereas the lowest estimate is $346.5M.
A total of 21 analysts have provided revenue estimates for BE’s current fiscal year. The highest revenue estimate was $1.73B, while the lowest revenue estimate was $1.41B, resulting in an average revenue estimate of $1.47B. In the same quarter a year ago, actual revenue was $1.2B, up 22.90% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $1.92B in the next fiscal year. The high estimate is $2.18B and the low estimate is $1.66B. The average revenue growth estimate for next year is up 30.30% from the average revenue estimate for this year.