Daily Market Movement: Bloom Energy Corp (BE) Sees a 0.85 Increase, Closing at 26.17

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The closing price of Bloom Energy Corp (NYSE: BE) was $26.17 for the day, up 0.85% from the previous closing price of $25.95. In other words, the price has increased by $0.85 from its previous closing price. On the day, 8.62 million shares were traded. BE stock price reached its highest trading level at $26.895 during the session, while it also had its lowest trading level at $25.56.

Ratios:

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 2.25 and its Current Ratio is at 3.28. In the meantime, Its Debt-to-Equity ratio is 3.93 whereas as Long-Term Debt/Eq ratio is at 3.57.

On November 15, 2024, Piper Sandler Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $10 to $20.

Jefferies Downgraded its Buy to Hold on September 06, 2024, whereas the target price for the stock was revised from $15 to $11.

Insider Transactions:

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 Nov 20 ’24 when Sridhar KR sold 72,903 shares for $25.02 per share. The transaction valued at 1,824,033 led to the insider holds 1,869,593 shares of the business.

Sridhar KR sold 46,697 shares of BE for $1,167,425 on Nov 22 ’24. The Chairman & CEO now owns 1,822,496 shares after completing the transaction at $25.00 per share. On Nov 21 ’24, another insider, Sridhar KR, who serves as the Chairman & CEO of the company, sold 400 shares for $25.00 each. As a result, the insider received 10,000 and left with 1,869,193 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 5981833728 and an Enterprise Value of 7206983168. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.75 while its Price-to-Book (P/B) ratio in mrq is 13.88. Its current Enterprise Value per Revenue stands at 5.727 whereas that against EBITDA is -207.82.

Stock Price History:

Over the past 52 weeks, BE has reached a high of $26.92, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is 103.38%, while the 200-Day Moving Average is calculated to be 115.84%.

Shares Statistics:

BE traded an average of 7.56M shares per day over the past three months and 17975410 shares per day over the past ten days. A total of 224.72M shares are outstanding, with a floating share count of 193.15M. Insiders hold about 15.50% of the company’s shares, while institutions hold 79.57% stake in the company. Shares short for BE as of 1731628800 were 45825137 with a Short Ratio of 5.79, compared to 1728950400 on 39493253. Therefore, it implies a Short% of Shares Outstanding of 45825137 and a Short% of Float of 32.05.

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