Bloom Energy Corp [BE] stock is trading at $10.86, down -0.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BE shares have gain 11.04% over the last week, with a monthly amount drifted -3.38%, 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 September 06, 2024, when Jefferies downgraded its rating to a Hold and also revised its price target to $11 from $15. Previously, TD Cowen reaffirmed its Hold rating on May 10, 2024, and elevated its price target to $13. On April 01, 2024, Evercore ISI initiated with a Outperform rating and assigned a price target of $21 on the stock. Truist upgraded its rating to a Hold and increased its price target to $11 on March 06, 2024. KeyBanc Capital Markets downgraded its rating to a Sector Weight. JP Morgan downgraded its rating to Neutral for this stock on February 16, 2024, but kept the price target unchanged to $14. In a note dated February 06, 2024, Redburn Atlantic initiated an Neutral rating and provided a target price of $12.50 on this stock.
Bloom Energy Corp [BE] stock has fluctuated between $8.41 and $18.14 over the past year. Currently, Wall Street analysts expect the stock to reach $21.71 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $10.86 at the most recent close of the market. An investor can expect a potential return of 99.91% based on the average BE price forecast.
Analyzing the BE fundamentals
Bloom Energy Corp [NYSE:BE] reported sales of 1.33B for the trailing twelve months, which represents a growth of 11.52%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.21%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.6 and Total Capital is -0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.78.
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 10.62 points at the first support level, and at 10.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.20, and for the 2nd resistance point, it is at 11.53.
Ratios To Look Out For
For context, Bloom Energy Corp’s Current Ratio is 4.52. As well, the Quick Ratio is 3.20, while the Cash Ratio is 1.54. Considering the valuation of this stock, the price to sales ratio is 1.87, the price to book ratio is 5.84.
Transactions by insiders
Recent insider trading involved Chitoori Satish, Chief Operations Officer, that happened on Sep 16 ’24 when 4785.0 shares were sold. Officer, SATISH PRABHU CHITOORI completed a deal on Sep 16 ’24 to buy 4785.0 shares. Meanwhile, SODERBERG SHAWN MARIE sold 1538.0 shares on Aug 16 ’24.
