FuelCell Energy Inc. (NASDAQ: FCEL) Shares Rose Recently, But Trouble Could Still Be Around The Corner.

FuelCell Energy Inc. (NASDAQ:FCEL) price is hovering higher on Monday, May 15, jumping 6.95% above its previous close.

A look at today’s price movement shows that the recent level at last check reads $2.23, with intraday deals fluctuating between $2.15 and $2.34. The company’s 5Y monthly beta was ticking 3.67. Taking into account the 52-week price action we note that the stock hit a 52-week high of $5.50 and 52-week low of $1.77. The stock added 7.43% on its value in the past month.

FuelCell Energy Inc., which has a market valuation of $896.71 million, is expected to release its quarterly earnings report Jun 07, 2023 – Jun 12, 2023. Analysts tracking FCEL have forecast the quarterly EPS to shrink by -0.08 per share this quarter, while the same analysts predict the annual EPS to hit -$0.27 for the year 2023 and up to -$0.27 for 2024.

On average, analysts have forecast the company’s revenue for the quarter will hit $25.45 million, with the likely lows of $19.67 million and highs of $34 million. The average estimate suggests sales growth for the quarter will likely rise by 55.30% 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 $135.77 million for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 4.10% above that which the company brought in 2023.

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 FCEL a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned FCEL a recommendation rating as follows: 6 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the FuelCell Energy Inc. (FCEL) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that FCEL’s price is at present 11.68% off the SMA20 and -6.89% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.59, with weekly volatility standing at 7.23%. The indicator jumps to 7.17% when calculated based on the past 30 days. FuelCell Energy Inc. (NASDAQ:FCEL)’s beta value is holding at 3.66, while the average true range (ATR) indicator is currently reading 0.17. Considering analysts have assigned the stock a price target range of $2.00-$4.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $3.26. Based on this estimate, we see that today’s price at last check is roughly 15.97% off the estimated low and -68.07% off the forecast high. Investors will no doubt be excited to see the share price fall to $3.00, which is the median consensus price, and at that level FCEL would be -26.05% from recent price.

An analysis of the FuelCell Energy Inc. (NASDAQ:FCEL) stock in terms of its daily trading volume indicates that the 3-month average is 10.19 million. However, this figure increases on the past 10-day timeline to an average of 12.53 million.

Current records show that the company has 405.80M in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 44.90%. The stats also highlight that short interest as of Apr 27, 2023, stood at 67.47 million shares, which puts the short ratio at the time at 6.93. From this we can glean that short interest is 16.63% of company’s current outstanding shares. Notably, we see that shares short in April fall slightly given the previous month’s figure stood at 68.7 million. But the -14.21% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.