Bloom Energy Corporation (BE) will probably climb 103.91 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $30 price as 12-month high target. This represents a whopping 172.73 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $22, which represents a return potential of 100 percent when compared to the closing price of the stock of $11 on Wednesday, February 13. The lowest price target for the stock is $12 — slightly more than 9.09 percent from BE’s current share price.
The stock is currently hovering around the first support level of $10.21. Below this, the next support is placed in the zone of $9.43. Till the time, the BE stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 48.47 on daily chart, which may remain a cause for concern. If the price breaks below $9.43 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $11.44 mark may result into a pull-back move towards $11.89 level.
On 13th of February, Bloom Energy Corporation (NYSE:BE) shares ended higher after a volatile session. The shares accumulated 1.4 points or 14.58 percent at $11 with a light trade volume of 2.449 million shares. After opening the session at $10.15, the shares went as high as $11.1 and as low as $9.87, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $1.24 billion and now has 112.57 million shares outstanding. Bloom Energy Corporation (BE) stock has lost -9.47 percent of market value in 21 trading days.
BE stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$2.23 a share in the trailing twelve months. The stock’s value has surged 10.22 percent year to date (YTD) against a decline of 0 percent in 12 month’s time. The company’s shares still trade -71.05 percent away from its 1-year high of $38.00 and 23.87 percent up from 52-week low of $8.88. The average consensus rating on the company is 2.8, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Bloom Energy Corporation (BE) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry BE operates in has an average P/E of 27.98. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 1.67 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.08. 15.8 percent is the gross profit margin for Bloom Energy Corporation and operating margin sits at -10 percent. Along with this, the net profit margin is -27.4 percent.
Let’s take a look at some insider activity at Bloom Energy Corporation (NYSE:BE) and see the pattern. The earliest insider trade took place on 02/01/2019. Mobius Technology Ventures Adv parted with a total of 209.61 thousand shares of company at average share price of $10.45. The total for the sales was set at $2.19 million. After this transaction, the 10% Owner account balance stood at 2.39 million shares. The stock grew 5.26 percent since that insider sale. On 01/28/2019, Mobius Technology Ventures Adv, 10% Owner, sold 273.58 thousand shares at a price per share of $11.54. This removed 3.16 million shares from the insider’s fortune and the stock saw a -4.68 percent retreat in value since the news became public. This transaction left 2.65 million shares in the 10% Owner account.
On 01/23/2019, 10% Owner Mobius Technology Ventures Adv performed a sale transaction worth $2.32 million. This sale at $11.88 each has eliminated 195.54 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -7.41 percent decrease since the transaction was reported. The insider now is left with 2.87 million shares remaining in the account. Morgan Stanley, who performs the 10% Owner job, sold 0.03 thousand shares for $0.47 thousand. The disposal occurred on 11/26/2018 was priced at $15.03 per share. The share price plunged -26.81 percent since the reporting date. Morgan Stanley now left with a stake of 1.64 thousand BE stock worth $18.02 thousand after the insider selling.