At the time of writing, Bloom Energy Corp [BE] stock is trading at $10.82, up 8.85%. 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 6.60% over the last week, with a monthly amount drifted -0.09%, 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.
For the past year, the stock price of Bloom Energy Corp fluctuated between $8.41 and $18.14. Currently, Wall Street analysts expect the stock to reach $20.93 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $10.82 at the most recent close of the market. An investor can expect a potential return of 93.44% based on the average BE price forecast.
Analyzing the BE fundamentals
According to Bloom Energy Corp [NYSE:BE], the company’s sales were 1.33B for trailing twelve months, which represents an 11.52% jump. 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 10.23 points at the first support level, and at 9.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.17, and for the 2nd resistance point, it is at 11.53.
Ratios To Look Out For
It is important to note that Bloom Energy Corp [NYSE:BE] has a current ratio of 4.52. Also, the Quick Ratio is 3.20, while the Cash Ratio stands at 1.54. Considering the valuation of this stock, the price to sales ratio is 1.92, the price to book ratio is 5.82.
Transactions by insiders
Recent insider trading involved SODERBERG SHAWN MARIE, that happened on Oct 16 ’24 when 2086.0 shares were sold. Officer, SHAWN SODERBERG completed a deal on Oct 16 ’24 to buy 2086.0 shares. Meanwhile, Chief Operations Officer Chitoori Satish sold 4785.0 shares on Sep 16 ’24.
