A share price of Bloom Energy Corp [BE] is currently trading at $21.14, up 59.19%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BE shares have gain 60.52% over the last week, with a monthly amount glided 108.07%, and 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 November 15, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $20 from $10. Previously, Jefferies downgraded its rating to Hold on September 06, 2024, and dropped its price target to $11. On May 10, 2024, TD Cowen reiterated its Hold rating and revised its price target to $13 on the stock. Evercore ISI started tracking the stock assigning a Outperform rating and suggested a price target of $21 on April 01, 2024. Truist upgraded its rating to a Hold and raised its price target to $11 on March 06, 2024. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on February 16, 2024. In a note dated February 16, 2024, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $14.
Bloom Energy Corp experienced fluctuations in its stock price throughout the past year between $8.41 and $18.14. Currently, Wall Street analysts expect the stock to reach $20.83 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $21.14 at the most recent close of the market. An investor can expect a potential drop of -1.47% based on the average BE price forecast.
Analyzing the BE fundamentals
Trailing Twelve Months sales for Bloom Energy Corp [NYSE:BE] were 1.26B which represents -17.46% decline. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.28 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.98.
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 18.46 points at the first support level, and at 15.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.16, and for the 2nd resistance point, it is at 25.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Bloom Energy Corp [NYSE:BE] is 3.28. Further, the Quick Ratio stands at 2.25, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 6.11, the price to book ratio is 11.21.
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.
