For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Bloom Energy Corp’s stock clocked out at $9.32, down -3.22% from its previous closing price of $9.63. In other words, the price has decreased by $-3.22 from its previous closing price. On the day, 6.7 million shares were traded. BE stock price reached its highest trading level at $9.78 during the session, while it also had its lowest trading level at $9.14.
Ratios:
To gain a deeper understanding of BE’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 16 ’24 when SODERBERG SHAWN MARIE sold 8,963 shares for $9.86 per share. The transaction valued at 88,375 led to the insider holds 168,003 shares of the business.
Sridhar KR sold 50,746 shares of BE for $494,266 on Mar 18 ’24. The Chairman & CEO now owns 2,702,608 shares after completing the transaction at $9.74 per share. On Mar 18 ’24, another insider, SODERBERG SHAWN MARIE, who serves as the insider of the company, sold 2,160 shares for $9.31 each. As a result, the insider received 20,110 and left with 152,849 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 2104297600 and an Enterprise Value of 2977012224. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.58 while its Price-to-Book (P/B) ratio in mrq is 4.17. Its current Enterprise Value per Revenue stands at 2.233 whereas that against EBITDA is -88.871.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $18.76, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is -9.39%, while the 200-Day Moving Average is calculated to be -27.72%.
Shares Statistics:
It appears that BE traded 5.87M shares on average per day over the past three months and 6200360 shares per day over the past ten days. A total of 224.72M shares are outstanding, with a floating share count of 197.46M. Insiders hold about 12.54% of the company’s shares, while institutions hold 77.90% stake in the company. Shares short for BE as of 1711584000 were 37339859 with a Short Ratio of 6.36, compared to 1709164800 on 37266447. Therefore, it implies a Short% of Shares Outstanding of 37339859 and a Short% of Float of 26.639998.
Earnings Estimates
The current assessment of Bloom Energy Corp (BE) involves the perspectives of Boeing Company (The) analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $150.19, with high estimates of $2.80 and low estimates of $408.78.
