After finishing at $9.03 in the prior trading day, Bloom Energy Corp (NYSE: BE) closed at $9.12, up 1.00%. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 5997931 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.
On February 16, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight but kept the price unchanged to $14.
On February 06, 2024, Redburn Atlantic started tracking the stock assigning a Neutral rating and target price of $12.50.Redburn Atlantic initiated its Neutral rating on February 06, 2024, with a $12.50 target price.
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 Feb 16 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. The EVP, Sales – Americas now owns 150,638 shares after completing the transaction at $12.22 per share. On Jan 16, 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 2.05B and an Enterprise Value of 2.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.54 while its Price-to-Book (P/B) ratio in mrq is 4.08. Its current Enterprise Value per Revenue stands at 2.13 whereas that against EBITDA is -21.03.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $23.40, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is 11.88, while the 200-Day Moving Average is calculated to be 13.71.
Shares Statistics:
The stock has traded on average 5.36M shares per day over the past 3-months and 6.51M 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 197.01M. Insiders hold about 12.43% of the company’s shares, while institutions hold 78.87% stake in the company. Shares short for BE as of Feb 15, 2024 were 31.51M with a Short Ratio of 5.88, compared to 31.06M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 14.01% and a Short% of Float of 18.32%.
Earnings Estimates
Its stock is currently analyzed by 15 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 $0.04 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 $0.09. EPS for the following year is $0.42, with 20 analysts recommending between $0.8 and $0.05.
Revenue Estimates
16 analysts predict $255.71M in revenue for the current 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.
