Bloom Energy Corp [BE] stock prices are up 2.06% to $12.41 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The BE shares have gain 1.39% over the last week, with a monthly amount drifted -20.85%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Bloom Energy Corp [NYSE: BE] stock has seen the most recent analyst activity on May 10, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $13 from $10. Previously, Evercore ISI started tracking the stock with Outperform rating on April 01, 2024, and set its price target to $21. On March 06, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $11 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. JP Morgan downgraded its rating to a Neutral but $14 remained the price target by the analyst firm on February 16, 2024. Redburn Atlantic started tracking with a Neutral rating for this stock on February 06, 2024, and assigned it a price target of $12.50. In a note dated January 29, 2024, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $16 to $10.
The stock price of Bloom Energy Corp [BE] has been fluctuating between $8.41 and $18.76 over the past year. Currently, Wall Street analysts expect the stock to reach $23.15 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $12.41 at the most recent close of the market. An investor can expect a potential return of 86.54% based on the average BE price forecast.
Analyzing the BE fundamentals
The Bloom Energy Corp [NYSE:BE] reported sales of 1.29B for trailing twelve months, representing a drop of -14.50%. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.65 and Total Capital is -0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.94.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.17 points at the first support level, and at 11.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.73, and for the 2nd resistance point, it is at 13.05.
Ratios To Look Out For
It’s worth pointing out that Bloom Energy Corp [NYSE:BE]’s Current Ratio is 4.29. Also, the Quick Ratio is 2.81, while the Cash Ratio stands at 1.6. Considering the valuation of this stock, the price to sales ratio is 2.18, the price to book ratio is 6.04.
Transactions by insiders
Recent insider trading involved Chitoori Satish, Chief Operations Officer, that happened on Jun 17 ’24 when 1075.0 shares were sold., SODERBERG SHAWN MARIE completed a deal on May 16 ’24 to sell 1160.0 shares. Meanwhile, Director ZERVIGON EDDY sold 28150.0 shares on May 15 ’24.
