Fuelcell Energy Inc (NASDAQ:FCEL) shares, rose in value, with the stock price down by -2.43% to the previous day’s close as strong demand from buyers drove the stock to $0.84.
Actively observing the price movement in the last trading, the stock closed the session at $0.86. The value of beta (5-year monthly) was 3.77. Referring to stock’s 52-week performance, its high was $2.94, and the low was $0.79. On the whole, FCEL has fluctuated by -23.45% over the past month.
With the market capitalization of Fuelcell Energy Inc currently standing at about $380.52 million, investors are eagerly awaiting this quarter’s results, scheduled for Jun 06, 2024 – Jun 10, 2024.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FCEL’s technical picture suggests that short-term indicators denote the stock is a 100% 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 -20.79% and -25.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.59, while the 7-day volatility ratio is showing 12.18% which for the 30-day chart, stands at 7.42%. Furthermore, Fuelcell Energy Inc (FCEL)’s beta value is 3.82, 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 -2.43% in last session, and over the past year, it shrunk by -54.73%%.
Data on historical trading for Fuelcell Energy Inc (NASDAQ:FCEL) indicates that the trading volumes over the past 3 months, they’ve averaged 14.90 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 stock has fallen by -47.38% 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.
