In the latest session, Bloom Energy Corp (NYSE: BE) closed at $10.30 down -1.53% from its previous closing price of $10.46. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 4366927 shares were traded.
Ratios:
For a deeper understanding of Bloom Energy Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.43 and its Current Ratio is at 3.50. In the meantime, Its Debt-to-Equity ratio is 2.90 whereas as Long-Term Debt/Eq ratio is at 2.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on March 06, 2024, Upgraded its rating to Hold and sets its target price to $11 from $9 previously.
JP Morgan Downgraded its Overweight to Neutral on February 16, 2024, while the target price for the stock was maintained at $14.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 16 ’24 when SODERBERG SHAWN MARIE sold 13,120 shares for $9.34 per share. The transaction valued at 122,528 led to the insider holds 73,946 shares of the business.
Brooks Guillermo sold 3,249 shares of BE for $39,703 on Jan 16 ’24. The EVP, Sales – Americas now owns 150,638 shares after completing the transaction at $12.22 per share. On Jan 16 ’24, another insider, SODERBERG SHAWN MARIE, who serves as the EVP, GC & Secretary of the company, sold 1,756 shares for $12.27 each. As a result, the insider received 21,546 and left with 84,520 shares of the company.
Valuation Measures:
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 2.32B and an Enterprise Value of 3.11B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 2.33 whereas that against EBITDA is -22.99.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $21.26, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is 11.31, while the 200-Day Moving Average is calculated to be 13.58.
Shares Statistics:
For the past three months, BE has traded an average of 5.46M shares per day and 5.58M over the past ten days. A total of 224.72M shares are outstanding, with a floating share count of 197.13M. Insiders hold about 12.38% of the company’s shares, while institutions hold 78.87% stake in the company. Shares short for BE as of Feb 29, 2024 were 37.27M with a Short Ratio of 5.77, compared to 31.71M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.56% and a Short% of Float of 21.66%.
Earnings Estimates
There are 15 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.18, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.01, with high estimates of $0.04 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.52 and -$0.57 for the fiscal current year, implying an average EPS of $0.11. EPS for the following year is $0.43, with 19 analysts recommending between $0.8 and $0.05.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $255.71M this quarter.It ranges from a high estimate of $288.76M to a low estimate of $233M. As of the current estimate, Bloom Energy Corp’s year-ago sales were $260.4M, an estimated decrease of -1.80% from the year-ago figure.
A total of 22 analysts have provided revenue estimates for BE’s current fiscal year. The highest revenue estimate was $1.62B, while the lowest revenue estimate was $1.37B, resulting in an average revenue estimate of $1.47B. In the same quarter a year ago, actual revenue was $1.33B, up 10.10% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $1.82B in the next fiscal year. The high estimate is $2.27B and the low estimate is $1.42B. The average revenue growth estimate for next year is up 24.20% from the average revenue estimate for this year.
