Bloom Energy Corp [BE] stock is trading at $24.77, down -5.28%. 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 5.54% over the last week, with a monthly amount glided 17.17%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Bloom Energy Corp [NYSE: BE] stock has seen the most recent analyst activity on December 11, 2024, when ROTH MKM initiated its Neutral rating and assigned the stock a price target of $25. Previously, HSBC Securities downgraded its rating to Hold on November 20, 2024, and kept the price target unchanged to $24.50. On November 15, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $20 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $11 on September 06, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $13 on May 10, 2024. Evercore ISI started tracking with a Outperform rating for this stock on April 01, 2024, and assigned it a price target of $21. In a note dated March 06, 2024, Truist upgraded an Hold rating on this stock and boosted its target price from $9 to $11.
Bloom Energy Corp [BE] stock has fluctuated between $8.41 and $28.70 over the past year. Currently, Wall Street analysts expect the stock to reach $16.5 within the next 12 months. Bloom Energy Corp [NYSE: BE] shares were valued at $24.77 at the most recent close of the market. An investor can expect a potential drop of -33.39% based on the average BE price forecast.
Analyzing the BE fundamentals
Bloom Energy Corp [NYSE:BE] reported sales of 1.26B for the trailing twelve months, which represents 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.62.
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 23.93 points at the first support level, and at 23.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.20, and for the 2nd resistance point, it is at 27.62.
Ratios To Look Out For
For context, Bloom Energy Corp’s Current Ratio is 3.28. As well, the Quick Ratio is 2.25, while the Cash Ratio is 0.87. Considering the valuation of this stock, the price to sales ratio is 4.50, the price to book ratio is 13.13.
Transactions by insiders
Recent insider trading involved SATISH PRABHU CHITOORI, Officer, that happened on Dec 16 ’24 when 1042.0 shares were purchased. Chairman & CEO, Sridhar KR completed a deal on Nov 20 ’24 to sell 72903.0 shares. Meanwhile, Chairman & CEO Sridhar KR sold 46697.0 shares on Nov 22 ’24.
