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After finishing at $10.54 in the prior trading day, Bloom Energy Corp (NYSE: BE) closed at $11.49, up 9.01%. In other words, the price has increased by $9.01 from its previous closing price. On the day, 9.4 million shares were traded. BE stock price reached its highest trading level at $12.27 during the session, while it also had its lowest trading level at $10.895.
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 3.20 and its Current Ratio is at 4.52. In the meantime, Its Debt-to-Equity ratio is 4.06 whereas as Long-Term Debt/Eq ratio is at 3.95.
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, TD Cowen on May 10, 2024, Reiterated its Hold rating but revised its target price to $13 from $10 previously.
On April 01, 2024, Evercore ISI started tracking the stock assigning a Outperform rating and target price of $21.
Truist Upgraded its Sell to Hold on March 06, 2024, whereas the target price for the stock was revised 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 Jul 16 ’24 when SODERBERG SHAWN MARIE sold 2,094 shares for $14.53 per share. The transaction valued at 30,426 led to the insider holds 168,867 shares of the business.
Chitoori Satish sold 1,075 shares of BE for $14,964 on Jun 17 ’24. The Chief Operations Officer now owns 191,283 shares after completing the transaction at $13.92 per share. On May 16 ’24, another insider, SODERBERG SHAWN MARIE, who serves as the insider of the company, sold 1,160 shares for $12.17 each. As a result, the insider received 14,117 and left with 166,843 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 2615618048 and an Enterprise Value of 3775644160. 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 6.18. Its current Enterprise Value per Revenue stands at 2.843 whereas that against EBITDA is 1316.932.
Stock Price History:
Over the past 52 weeks, BE has reached a high of $18.14, while it has fallen to a 52-week low of $8.41. The 50-Day Moving Average of the stock is -15.87%, while the 200-Day Moving Average is calculated to be -6.29%.
Shares Statistics:
The stock has traded on average 7.24M shares per day over the past 3-months and 6492280 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 193.51M. Insiders hold about 14.99% of the company’s shares, while institutions hold 78.98% stake in the company. Shares short for BE as of 1721001600 were 44467871 with a Short Ratio of 6.11, compared to 1718323200 on 46050232. Therefore, it implies a Short% of Shares Outstanding of 44467871 and a Short% of Float of 31.440002.
