Keep Bloom Energy Corporation (BE) From Driving You Insane

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.