Before Buying Fuelcell Energy Inc (NASDAQ: FCEL) Stock, Read This First

Fuelcell Energy Inc (NASDAQ:FCEL) shares, rose in value on Thursday, April 04, with the stock price up by 5.75% to the previous day’s close as strong demand from buyers drove the stock to $1.20.

Actively observing the price movement in the recent trading, the stock is buoying the session at $1.13. The value of beta (5-year monthly) is 3.74. Referring to stock’s 52-week performance, its high was $2.94, and the low was $0.98. On the whole, FCEL has fluctuated by 1.27% over the past month.

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With the market capitalization of Fuelcell Energy Inc currently standing at about $539.97 million, investors are eagerly awaiting this quarter’s results, scheduled for Jun 06, 2024 – Jun 10, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.08, which is expected to increase to -$0.06 for fiscal year -$0.27 and then to about -$0.25 by fiscal year 2025. Data indicates that the EPS growth is expected to be -3.80% in 2025, while the next year’s EPS growth is forecast to be 7.40%.

Analysts have estimated the company’s revenue for the quarter at $21.95 million, with a low estimate of $17.6 million and a high estimate of $30.53 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $105.46 million, representing a decrease of -14.50% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FCEL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FCEL currently trading nearly 6.65% and -0.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.03, while the 7-day volatility ratio is showing 5.17% which for the 30-day chart, stands at 7.20%. Furthermore, Fuelcell Energy Inc (FCEL)’s beta value is 3.78, and its average true range (ATR) is 0.08.

A comparison of Fuelcell Energy Inc (FCEL) with its peers suggests the former has fared considerably weaker in the market. FCEL showed an intraday change of 5.75% in today’s session so far, and over the past year, it shrunk by -56.70%%.

Data on historical trading for Fuelcell Energy Inc (NASDAQ:FCEL) indicates that the trading volumes over the past 10 days have averaged 9.87 million and over the past 3 months, they’ve averaged 12.08 million. According to company’s latest data on outstanding shares, there are 450.38 million shares outstanding.

Nearly 0.34% of Fuelcell Energy Inc’s shares belong to company insiders and institutional investors own 43.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 94.54 million shares as on Mar 15, 2024, resulting in a short ratio of 7.26. According to the data, the short interest in Fuelcell Energy Inc (FCEL) stood at 20.92% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 81.05 million. The stock has fallen by -25.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FCEL stock heading into the next quarter.