Bloom Energy Corp (BE) Outlook: Looking Back For Insights

Bloom Energy Corp (NYSE:BE) price on Wednesday, July 10, rose 4.40% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.80.

A look at the stock’s price movement, the close in the last trading session was $12.26. Turning to its 52-week performance, $18.76 and $8.41 were the 52-week high and 52-week low respectively. Overall, BE moved -13.75% over the past month.

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Bloom Energy Corp’s market cap currently stands at around $2.91 billion.

Turning to the stock’s technical picture we see that short term indicators suggest on average that BE is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

BE’s current price about -3.17% and -4.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.11, while 7-day volatility ratio is 5.45% and 6.21% in the 30-day chart. Further, Bloom Energy Corp (BE) has a beta value of 2.79, and an average true range (ATR) of 0.88.

If we refocus on Bloom Energy Corp (NYSE:BE), historical trading data shows that trading volumes averaged 7.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 224.72 million shares.

The 14.98% of Bloom Energy Corp’s shares are in the hands of company insiders while institutional holders own 76.64% of the company’s shares. Current price change has pushed the stock -13.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BE stock continues to rise going into the next quarter.

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