Bloom Energy Corp (BE)’s latest performance is not what we had anticipated

kicked off on Tuesday, with Bloom Energy Corp (NYSE: BE) stock price down -1.06% from the previous day of trading, before settling in for the closing price of $10.36. BE’s price has ranged from $8.41 to $18.14 over the past 52 weeks.

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Annual sales at Industrials sector company grew by 16.44% over the past five years. Meanwhile, its annual earnings per share averaged 247.13%. With a float of $192.87 million, this company’s outstanding shares have now reached $224.72 million.

Let’s look at the performance matrix of the company that is accounted for 2377 employees. In terms of profitability, gross margin is 17.39%, operating margin of -9.46%, and the pretax margin is -21.07%.

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 15.46%, while institutional ownership is 82.80%. The most recent insider transaction that took place on Sep 16 ’24, was worth 47,180. In this transaction Chief Operations Officer of this company sold 4,785 shares at a rate of $9.86, taking the stock ownership to the 186,498 shares. Before that another transaction happened on Sep 16 ’24, when Company’s Officer proposed sale 4,785 for $9.86, making the entire transaction worth $47,168.

Bloom Energy Corp (BE) Performance Highlights and Predictions

In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.15 per share, which was $0.1 higher 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 0.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 247.13% 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 3.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.76.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.31, a number that is poised to hit 0.09 in the next quarter and is forecasted to reach 0.48 in one year’s time.

Technical Analysis of Bloom Energy Corp (BE)

Bloom Energy Corp (NYSE: BE) saw its 5-day average volume 4.44 million, a negative change from its year-to-date volume of 5.88 million. As of the previous 9 days, the stock’s Stochastic %D was 55.19%. Additionally, its Average True Range was 0.63.

During the past 100 days, Bloom Energy Corp’s (BE) raw stochastic average was set at 9.47%, which indicates a significant decrease from 29.73% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.62% in the past 14 days, which was lower than the 74.72% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.02, while its 200-day Moving Average is $11.93. Nevertheless, the first resistance level for the watch stands at $10.41 in the near term. At $10.57, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.78. If the price goes on to break the first support level at $10.03, it is likely to go to the next support level at $9.82. Assuming the price breaks the second support level, the third support level stands at $9.66.

Bloom Energy Corp (NYSE: BE) Key Stats

With a market capitalization of 2.34 billion, the company has a total of 227,020K Shares Outstanding. Currently, annual sales are 1,333 M while annual income is -302,120 K. The company’s previous quarter sales were 335,770 K while its latest quarter income was -61,790 K.