In last trading session, Fuelcell Energy Inc (NASDAQ:FCEL) saw 12.75 million shares changing hands with its beta currently measuring 3.77. Company’s recent per share price level of $1.15 trading at -$0.06 or -4.96% at ring of the bell on the day assigns it a market valuation of $519.64M. That closing price of FCEL’s stock is at a discount of -155.65% from its 52-week high price of $2.94 and is indicating a premium of 14.78% from its 52-week low price of $0.98. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.59 million shares which gives us an average trading volume of 12.07 million if we extend that period to 3-months.
Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Upright in the red during last session for losing -4.96%, in the last five days FCEL remained trading in the green while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $1.15 price level, adding 7.26% to its value on the day. Fuelcell Energy Inc’s shares saw a change of -28.13% in year-to-date performance and have moved 1.77% in past 5-day. Fuelcell Energy Inc (NASDAQ:FCEL) showed a performance of 3.60% in past 30-days. Number of shares sold short was 94.54 million shares which calculate 7.26 days to cover the short interests.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Statistics highlight that Fuelcell Energy Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -3.36% of value to its shares in past 6 months, showing an annual growth rate of -7.69% while that of industry is 10.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 11.10% in the current quarter and calculating -33.30% decrease in the next quarter. This year revenue growth is estimated to fall -14.50% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $21.95 million for the same. And 9 analysts are in estimates of company making revenue of $29.15 million in the next quarter that will end on Jul 2024.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 50.65% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -5.92% while estimates for its earnings growth in next 5 years are of 15.00%.
FCEL Dividends
Fuelcell Energy Inc is more likely to be releasing its next quarterly report between June 06 and June 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Insiders are in possession of 0.33% of company’s total shares while institution are holding 45.38 percent of that, with stock having share float percentage of 45.53%. Investors also watch the number of corporate investors in a company very closely, which is 45.38% institutions for Fuelcell Energy Inc that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at FCEL for having 42.42 million shares of worth $91.63 million. And as of Jun 29, 2023, it was holding 10.43% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 38.1 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 9.37% of outstanding shares, having a total worth of $82.3 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 12.55 million shares of worth $27.1 million or 3.08% of the total outstanding shares. The later fund manager was in possession of 10.48 million shares on Jun 29, 2023, making its stake of worth around $22.63 million in the company or a holder of 2.58% of company’s stock.
