Bloom Energy Corporation (NYSE: BE) kicked off on May 19, 2023, at the price of $14.40, up 2.12% from the previous trading day. During the day, the shares moved up to $14.77 and dropped to $13.75 before settling in for the closing price of $13.65. Over the past 52 weeks, BE has traded in a range of $12.33-$31.47.
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Annual sales at Industrials sector company grew by 26.80% over the past five years. While this was happening, its average annual earnings per share was recorded -71.00%. With a float of $162.93 million, this company’s outstanding shares have now reached $206.72 million.
Let’s look at the performance matrix of the company that is accounted for 2530 employees. In terms of profitability, gross margin is +12.37, operating margin of -21.77, and the pretax margin is -26.18.
Bloom Energy Corporation (BE) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Bloom Energy Corporation is 6.40%, while institutional ownership is 81.80%. The most recent insider transaction that took place on May 17, was worth 41,946. In this transaction the insider of this company sold 3,073 shares at a rate of $13.65, taking the stock ownership to the 164,196 shares. Before that another transaction happened on May 16, when Company’s insider sold 6,002 for $13.21, making the entire transaction worth $79,286. This insider now owns 167,269 shares in total.
Bloom Energy Corporation (BE) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported -$0.22 earnings per share (EPS), lower than consensus estimate (set at -$0.19) by -$0.03. This company achieved a net margin of -25.14 while generating a return on equity of -119.37. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.02 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -71.00% per share during the next fiscal year.
Bloom Energy Corporation (NYSE: BE) Trading Performance Indicators
Take a look at Bloom Energy Corporation’s (BE) current performance indicators. Last quarter, stock had a quick ratio of 1.10. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.24.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.55, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 0.34 in one year’s time.
Technical Analysis of Bloom Energy Corporation (BE)
Bloom Energy Corporation (NYSE: BE) saw its 5-day average volume 7.53 million, a positive change from its year-to-date volume of 3.23 million. As of the previous 9 days, the stock’s Stochastic %D was 27.90%. Additionally, its Average True Range was 0.94.
During the past 100 days, Bloom Energy Corporation’s (BE) raw stochastic average was set at 11.31%, which indicates a significant decrease from 30.70% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 80.75% in the past 14 days, which was higher than the 57.21% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.34, while its 200-day Moving Average is $20.95. Nevertheless, the first resistance level for the watch stands at $14.56 in the near term. At $15.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $15.58. If the price goes on to break the first support level at $13.54, it is likely to go to the next support level at $13.13. Assuming the price breaks the second support level, the third support level stands at $12.52.
Bloom Energy Corporation (NYSE: BE) Key Stats
The company with the Market Capitalisation of 2.85 billion has total of 208,540K Shares Outstanding. Its annual sales at the moment are 1,199 M in contrast with the sum of -301,410 K annual income. Company’s last quarter sales were recorded 275,190 K and last quarter income was -71,570 K.
