JP Morgan raised the price target for the FuelCell Energy Inc. (NASDAQ:FCEL) stock from “a Neutral” to “an Underweight”. The rating was released on January 14, 2021. We previously noted in another research note published on January 07, 2021 by Jefferies that initiated the stock to a Hold for FCEL stock. The research report from Canaccord Genuity has resumed the stock to Hold, with a price target set at $8.50. The stock was downgraded by JP Morgan, who disclosed in a research note on November 19, 2020, from Overweight to Neutral. In their research brief published October 08, 2020, JP Morgan analysts initiated the FuelCell Energy Inc. stock to Overweight.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.15 during the last quarter as opposed to a consensus estimate of -$0.04, which indicates the company missed its estimate by -$0.11, which implies that the company surprised the market by -275.00%. It appears that the average earnings per share estimate for the current quarter (ending in Apr 2021) is -$0.05. This is an average of 4 analysts’ earnings, where the high earnings per share estimate is -$0.04 and the low earnings per share estimate is -$0.06. According to 5 analyst estimates, an average revenue estimate of $19.05M is projected for the current quarter with a high revenue estimate of $25M and a low estimate of $14.8M.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of FuelCell Energy Inc. (NASDAQ:FCEL) dipped -10.33% to close Wednesday’s market session at $12.50, lower as compared to yesterday’s close. The stock price fluctuated between $12.48 and $14.1144 throughout the trading session with the volume trading being 25019812 shares, which represented a significant variation when compared to the three months average volume of 44.66 million shares. The firm’s stock price fluctuated -20.36% within the last five trades and -27.20% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 406.07% in the last 6 months and 33.26% was added to its value over the previous 3 months. FCEL stock is trading at a margin of -21.34%, -33.92% and 59.17% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FCEL deals in the Industrials domain. The stock is trading -57.54 percent below its 52-week high and 892.06 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 70.43. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does FuelCell Energy Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -87.30 percent and the company has reported a gross margin of -21.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $3.84 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The stock has achieved an effective Price-to-Sales Ratio of 55.28 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 11.90, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 3.82 percent of FuelCell Energy Inc. shares are owned by insiders, and 31.90 percent are held by financial institutions. Arasimowicz Jennifer D, the EVP, Gen. Counsel, CAO, Secy at FuelCell Energy Inc. (FCEL) has sold 2,000 shares of firm on Mar 02 at a price of $18.69 against the total amount of $37380.0. In another inside trade, Few Jason, CEO of FuelCell Energy Inc. (NASDAQ:FCEL) bought 11,000 shares of the firm on Jan 25 for a total worth of $0.2 million at a price of $17.99.