7.00% volatility in Bloom Energy Corp (BE) last month: This is a red flag warning

Bloom Energy Corp (NYSE: BE) kicked off on November 20, 2023, at the price of $12.57, up 2.31% from the previous trading day. During the day, the shares moved up to $13.01 and dropped to $12.36 before settling in for the closing price of $12.57. Over the past 52 weeks, BE has traded in a range of $9.51-$26.55.

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A company in the Industrials sector has jumped its sales by 27.85% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 65.26%. With a float of $196.19 million, this company’s outstanding shares have now reached $224.05 million.

In an organization with 2530 employees, it is important to assess its efficiency.

Bloom Energy Corp (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 Corp is 12.44%, while institutional ownership is 74.31%. The most recent insider transaction that took place on Nov 16, was worth 18,895. In this transaction EVP, GC & Secretary of this company sold 1,525 shares at a rate of $12.39, taking the stock ownership to the 82,158 shares. Before that another transaction happened on Oct 16, when Company’s EVP, Sales – Americas sold 3,792 for $12.47, making the entire transaction worth $47,286. This insider now owns 143,401 shares in total.

Bloom Energy Corp (BE) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $0.15 earnings per share (EPS), higher than consensus estimate (set at -$0.04) by $0.19. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 65.26% per share during the next fiscal year.

Bloom Energy Corp (NYSE: BE) Trading Performance Indicators

Take a look at Bloom Energy Corp’s (BE) current performance indicators. Last quarter, stock had a quick ratio of 2.46. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.00.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.70, a number that is poised to hit 0.13 in the next quarter and is forecasted to reach 0.41 in one year’s time.

Technical Analysis of Bloom Energy Corp (BE)

Let’s dig in a bit further. During the last 5-days, its volume was 5.46 million. That was better than the volume of 3.93 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 82.65%. Additionally, its Average True Range was 0.81.

During the past 100 days, Bloom Energy Corp’s (BE) raw stochastic average was set at 36.22%, which indicates a significant decrease from 89.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.00% in the past 14 days, which was higher than the 59.04% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.09, while its 200-day Moving Average is $16.09. However, in the short run, Bloom Energy Corp’s stock first resistance to watch stands at $13.13. Second resistance stands at $13.39. The third major resistance level sits at $13.78. If the price goes on to break the first support level at $12.48, it is likely to go to the next support level at $12.09. Assuming the price breaks the second support level, the third support level stands at $11.83.

Bloom Energy Corp (NYSE: BE) Key Stats

The company with the Market Capitalisation of 2.88 billion has total of 224,049K 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 400,270 K and last quarter income was -169,000 K.


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