Jefferies has recently reduced Bloom Energy Corp (BE) stock to Hold rating, as announced on September 6, 2024, according to Finviz. Earlier, on May 10, 2024, TD Cowen had reiterated the stock to Hold, setting a price target of $13 for BE stock. Evercore ISI also initiated Outperform rating with a price target of $21. Additionally, Truist raised Hold rating on March 6, 2024, with a target price of $11. KeyBanc Capital Markets analysts, in their report published on February 16, 2024, also reduced Sector Weight rating for Bloom Energy Corp’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Bloom Energy Corp (BE) Stock Trading Recap
On Tuesday, Bloom Energy Corp (BE) stock saw a modest uptick, ending the day at $11.4 which represents a slight increase of $0.58 or 5.36% from the prior close of $10.82. The stock opened at $10.83 and touched a low of $10.63 during the day, reaching a high of $11.42. The volume of shares traded was 9.64 million exceeding the average volume of 5.00 million.
BE Stock Performance and Moving Averages
In recent trading, Bloom Energy Corp (BE) stock price has shown some volatility, fluctuating 12.43% over the last five trades and 10.04% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -3.14%, and it has gained 15.15% in the previous three months. Currently, BE is trading at 12.51%, 9.34%, and -1.63% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BE, a Industrials sector stock, is trading -37.16% below its 52-week high but remains 35.51% above its 52-week low. The Average True Range (ATR) (14 days) of 0.61 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Bloom Energy Corp’s Profitability and Valuation Ratios
Bloom Energy Corp’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -9.46% and a profit margin of -21.37%, with a gross margin of -3.14%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Bloom Energy Corp’s market capitalization stands at $2.60 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The forward P/E ratio, which uses projected earnings for the next financial year, is 23.91. Additionally, the Price-to-Sales Ratio is 1.96, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 6.13, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 15.43% of Bloom Energy Corp (BE)’s shares, while financial institutions hold 82.30%.
Notable insider trades include ZERVIGON EDDY, Director at Bloom Energy Corp (BE), who sold 28150 shares on May 15 ’24, at $12.86 each, totaling $0.36 million. On May 13 ’24, Sridhar KR, Chairman & CEO, sold 40112 shares for $11.93 each, amounting to $0.48 million. Additionally, on Mar 18 ’24, Sridhar KR sold 50746 shares at $9.74 each, generating $0.49 million.
