Bloom Energy Corp (NYSE:BE) shares, rose in value, with the stock price down by -1.93% to the previous day’s close as strong demand from buyers drove the stock to $9.64.
Actively observing the price movement in the last trading, the stock closed the session at $9.83. Referring to stock’s 52-week performance, its high was $18.76, and the low was $8.41. On the whole, BE has fluctuated by -3.98% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BE’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 BE currently trading nearly -11.27% and -5.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.69, while the 7-day volatility ratio is showing 6.08% which for the 30-day chart, stands at 5.58%. Furthermore, Bloom Energy Corp (BE)’s beta value is 2.81, and its average true range (ATR) is 0.61.
A comparison of Bloom Energy Corp (BE) with its peers suggests the former has fared considerably weaker in the market. BE showed an intraday change of -1.93% in last session, and over the past year, it shrunk by -46.09%%.
Data on historical trading for Bloom Energy Corp (NYSE:BE) indicates that the trading volumes over the past 3 months, they’ve averaged 5.91 million. According to company’s latest data on outstanding shares, there are 224.72 million shares outstanding.
Nearly 12.54% of Bloom Energy Corp’s shares belong to company insiders and institutional investors own 77.73% of the company’s shares. The stock has fallen by -34.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BE stock heading into the next quarter.
