Bloom Energy Corp (NYSE:BE) traded at $10.60 at close of the session on Friday, April 26, made an upward move of 10.99% on its previous day’s price.
Looking at the stock we see that its previous close was $9.55 . In terms of its 52-week price range, BE has a high of $18.76 and a low of $8.41. The company’s stock has lost about -3.90% over that past 30 days.
Bloom Energy Corp has a market cap of $2.39 billion. Estimates by analysts give the company expected earnings per share (EPS) of -$0.11, with the EPS growth for the year raised at $0.07 for 2024 and $0.42 for next year. These figures represent 170.00% and 500.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $250.21 million, with a low of $225.98 million and a high of $285.15 million. The median projection represents growth adding up to -3.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $1.49 billion, or 11.90% up from figures reported last year.
On the other hand, looking at the outlook for the BE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is -1.23% off its SMA20 and 4.73% from its 50-day simple moving average. The RSI (14) is pointing at 53.25 while the volatility over the past week is 7.88% and jumps to 5.76% over the past one month. The beta value is 2.81, while the average true range (ATR) is currently pointing at 0.64.
Coming back to Bloom Energy Corp (NYSE:BE), we note that the average 3-month trading volume was 5.90 million. Current shares outstanding are 224.72 million.
The insiders hold 12.54% of the company’s shares while institutions hold 77.99%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -28.38% down in year-to-date price movement.
