Bloom Energy Corp [BE] stock prices are up 7.60% to $25.76 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 21.85% over the last week, with a monthly amount glided 180.30%, 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 20, 2024, when HSBC Securities downgraded its rating to a Hold but kept the price target unchanged to $24.50 for it. Previously, Piper Sandler upgraded its rating to Overweight on November 15, 2024, and elevated its price target to $20. On September 06, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $11 on the stock. TD Cowen reiterated its Hold rating and increased its price target to $13 on May 10, 2024. Evercore ISI initiated its recommendation with a Outperform and recommended $21 as its price target on April 01, 2024. Truist upgraded its rating to Hold for this stock on March 06, 2024, and upped its price target to $11. In a note dated February 16, 2024, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
The stock price of Bloom Energy Corp [BE] has been fluctuating between $8.41 and $25.12 over the past year. 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 $25.76 at the most recent close of the market. An investor can expect a potential drop of -19.14% based on the average BE price forecast.
Analyzing the BE fundamentals
The Bloom Energy Corp [NYSE:BE] reported sales of 1.26B for trailing twelve months, representing a drop of -17.46%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.98.
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 24.16 points at the first support level, and at 22.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.81, and for the 2nd resistance point, it is at 27.86.
Ratios To Look Out For
It’s worth pointing out that Bloom Energy Corp [NYSE:BE]’s Current Ratio is 3.28. Also, the Quick Ratio is 2.25, while the Cash Ratio stands at 0.87. Considering the valuation of this stock, the price to sales ratio is 5.03, the price to book ratio is 13.66.
Transactions by insiders
Recent insider trading involved Sridhar KR, Chairman & CEO, that happened on Nov 20 ’24 when 72903.0 shares were sold. Chairman & CEO, Sridhar KR completed a deal on Nov 22 ’24 to sell 46697.0 shares. Meanwhile, Chairman & CEO Sridhar KR sold 400.0 shares on Nov 21 ’24.
