After finishing at $11.69 in the prior trading day, Bloom Energy Corp (NYSE: BE) closed at $11.67, down -0.17%. In other words, the price has decreased by -$0.02 from its previous closing price. On the day, 3672878 shares were traded.
Ratios:
Our goal is to gain a better understanding of BE by taking a closer look at its different 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 this company, Evercore ISI on April 01, 2024, initiated with a Outperform rating and assigned the stock a target price of $21.
On March 06, 2024, Truist Upgraded its rating to Hold which previously was Sell and also upped its target price recommendation from $9 to $11.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Sridhar KR sold 50,746 shares for $9.74 per share. The transaction valued at 494,266 led to the insider holds 2,702,608 shares of the business.
SODERBERG SHAWN MARIE sold 2,160 shares of BE for $20,110 on Mar 18 ’24. The insider now owns 152,849 shares after completing the transaction at $9.31 per share. On Feb 16 ’24, another insider, SODERBERG SHAWN MARIE, who serves as the EVP, GC & Secretary of the company, sold 13,120 shares for $9.34 each. As a result, the insider received 122,528 and left with 73,946 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 2.63B and an Enterprise Value of 3.42B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.97 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 2.57 whereas that against EBITDA is -25.34.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $19.50, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is 10.48, while the 200-Day Moving Average is calculated to be 13.14.
Shares Statistics:
The stock has traded on average 5.72M shares per day over the past 3-months and 5.48M shares per day over the last 10 days, according to various share statistics. A total of 224.72M shares are outstanding, with a floating share count of 196.78M. Insiders hold about 12.53% of the company’s shares, while institutions hold 78.71% stake in the company. Shares short for BE as of Mar 15, 2024 were 37.58M with a Short Ratio of 6.57, compared to 31.51M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.70% and a Short% of Float of 21.84%.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. 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 $0.05 and low estimates of -$0.11.
Analysts are recommending an EPS of between $0.29 and -$0.57 for the fiscal current year, implying an average EPS of $0.09. EPS for the following year is $0.43, with 22 analysts recommending between $1.03 and $0.05.
Revenue Estimates
18 analysts predict $253.69M in revenue for the current quarter. It ranges from a high estimate of $288.76M to a low estimate of $225.98M. As of the current estimate, Bloom Energy Corp’s year-ago sales were $260.4M, an estimated decrease of -2.60% from the year-ago figure.
A total of 25 analysts have provided revenue estimates for BE’s current fiscal year. The highest revenue estimate was $1.85B, while the lowest revenue estimate was $1.37B, resulting in an average revenue estimate of $1.49B. In the same quarter a year ago, actual revenue was $1.33B, up 11.50% from the average estimate. Based on 25 analysts’ estimates, the company’s revenue will be $1.84B in the next fiscal year. The high estimate is $2.3B and the low estimate is $1.42B. The average revenue growth estimate for next year is up 24.10% from the average revenue estimate for this year.
