Bloom Energy Corporation (NYSE:BE) price closed higher on Friday, August 12, jumping 4.32% above its previous close.
A look at the daily price movement shows that the last close reads $29.20, with intraday deals fluctuated between $28.84 and $31.47. The company’s 5Y monthly beta was ticking 3.23. Taking into account the 52-week price action we note that the stock hit a 52-week high of $37.01 and 52-week low of $11.47. The stock added 78.34% on its value in the past month.
Bloom Energy Corporation, which has a market valuation of $5.23 billion, is expected to release its quarterly earnings report Apr 11, 2022 – Apr 15, 2022. Analysts tracking BE have forecast the quarterly EPS to shrink by -0.17 per share this quarter, while the same analysts predict the annual EPS to hit -$0.37 for the year 2022 and up to $0.23 for 2023. In this case, analysts estimate an annual EPS growth of 32.70% for the year and 162.20% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $229.69 million, with the likely lows of $204.8 million and highs of $281 million. The average estimate suggests sales growth for the quarter will likely rise by 0.50% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.13 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 16.70% above that which the company brought in 2022.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BE a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that BE’s price is at present 47.78% off the SMA20 and 62.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 83.57, with weekly volatility standing at 8.13%. The indicator jumps to 7.25% when calculated based on the past 30 days. Bloom Energy Corporation (NYSE:BE)’s beta value is holding at 3.21, while the average true range (ATR) indicator is currently reading 1.69.
An analysis of the Bloom Energy Corporation (NYSE:BE) stock in terms of its daily trading volume indicates that the 3-month average is 2.75 million. However, this figure increases on the past 10-day timeline to an average of 3.55 million.
Current records show that the company has 178.51M in outstanding shares. The insiders’ percentage holdings are 1.30% of outstanding shares while the percentage share held by institutions stands at 78.10%. The stats also highlight that short interest as of Jul 14, 2022, stood at 16.7 million shares, which puts the short ratio at the time at 7.13. From this we can glean that short interest is 9.37% of company’s current outstanding shares. Notably, we see that shares short in July rose slightly given the previous month’s figure stood at 16.15 million. But the 38.90% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.