A new trading day began on Monday, with Bloom Energy Corp (NYSE: BE) stock price down -0.17% from the previous day of trading, before settling in for the closing price of $11.69. BE’s price has ranged from $8.41 to $19.50 over the past 52 weeks.
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A company in the Industrials sector has jumped its sales by 16.44% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 208.71%. With a float of $196.78 million, this company’s outstanding shares have now reached $224.72 million.
In an organization with 2377 employees, it is important to assess its efficiency.
Bloom Energy Corp (BE) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Electrical Equipment & Parts Industry. The insider ownership of Bloom Energy Corp is 12.53%, while institutional ownership is 78.71%. The most recent insider transaction that took place on Mar 18 ’24, was worth 494,266. In this transaction Chairman & CEO of this company sold 50,746 shares at a rate of $9.74, taking the stock ownership to the 2,702,608 shares. Before that another transaction happened on Mar 18 ’24, when Company’s insider sold 2,160 for $9.31, making the entire transaction worth $20,110. This insider now owns 152,849 shares in total.
Bloom Energy Corp (BE) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2023, the company reported earnings of $0.07 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.01 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 208.71% per share during the next fiscal year.
Bloom Energy Corp (NYSE: BE) Trading Performance Indicators
Here are Bloom Energy Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.45, a number that is poised to hit -0.10 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 4.82 million. That was inferior than the volume of 5.52 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 69.48%. Additionally, its Average True Range was 0.61.
During the past 100 days, Bloom Energy Corp’s (BE) raw stochastic average was set at 44.52%, which indicates a significant decrease from 75.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 36.91% in the past 14 days, which was lower than the 70.68% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $10.48, while its 200-day Moving Average is $13.14. However, in the short run, Bloom Energy Corp’s stock first resistance to watch stands at $11.93. Second resistance stands at $12.19. The third major resistance level sits at $12.34. If the price goes on to break the first support level at $11.52, it is likely to go to the next support level at $11.37. Assuming the price breaks the second support level, the third support level stands at $11.11.
Bloom Energy Corp (NYSE: BE) Key Stats
With a market capitalization of 2.63 billion, the company has a total of 224,973K Shares Outstanding. Currently, annual sales are 1,333 M while annual income is -302,120 K. The company’s previous quarter sales were 356,920 K while its latest quarter income was 4,510 K.
