FuelCell Energy Inc. (NASDAQ:FCEL) currently has a daily average trading volume of 11.47M but it saw 9950613 shares traded on Thursday. With a market cap of 1.36B USD, stock’s current market price of $3.09 came rising about 1.64 while comparing to the previous closing price of $3.04. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.04 and as low as $2.47. In the recent trading on the day, stock has struck highest price mark of $3.10 while lowest mark touched by it was $2.96.
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Taking a look at 20-day trading activity of FuelCell Energy Inc. (FCEL) gives us an average price of $3.31, while its current price level is -56.11% below from 52-week high level whereas it is 25.10% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.39 while that of 200 days or SMA-200 reads an average of $3.57. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.67% during that period while stretching the period over a month that decreases to 7.51%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.50 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the UBS which initiated the stock as “Neutral” in its note to investors issued on December 14, 2022, recommending a price target of $3.85 for it.
Over the week, FCEL’s stock price is moving -8.04% down while it is -11.46% when we observe its performance for the past one month. Year-to-date it is 11.15% up and over the past year, the stock is showing a downside performance of -47.36%.
The latest quarterly earnings report issued by the company was for quarter ended 10/30/2022, when its quarterly earnings per share (EPS) of -$0.11 beaten by the consensus estimate of -$0.07 for the same. For FCEL, analysts are forecasting an EPS-growth rate of 21.10% for current year and estimate for EPS growth in next year is 23.30%. In next quarter, company is expected to be making quarterly sales of $28.12 million as analysts are expecting the sales for current fiscal year at $130.07 million and seeing the company making $195.19 million in sales next year. Moreover, analysts are in estimates of $28.11 million for current-quarter revenue.
Currently, FuelCell Energy Inc.’s total number of outstanding shares is 405.80M with 0.06% of that held by the insiders while 45.36% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -18.90% and return on equity (ROE) at -18.10%. Stock’s beta reads 3.74. Stock has a price to book (P/B) ratio of 1.87 while price to sale or P/S ratio amounts to 10.41. Its return on asset (ROA) is -13.30% on average.
As per SEC documents, Vanguard Total Stock Market Index sought 12,562,353 of company’s common stock of worth $41.96 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in FuelCell Energy Inc., as Vanguard Small Cap Index Fund picked 10,508,191 shares of worth $35.1 million to bring its holdings to a total of 57482.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -0.32% in the company and now holds 8.91 million or 2.20% of the company’s stake having worth of about 29.76 million.
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