Fuelcell Energy Inc (NASDAQ:FCEL) has a beta value of 3.88 and has seen 15.25 million shares traded in the last trading session. The company, currently valued at $192.66M, closed the last trade at $0.35 per share which meant it gained $0.02 on the day or 5.87% during that session. The FCEL stock price is -425.71% off its 52-week high price of $1.84 and 8.57% above the 52-week low of $0.32. If we look at the company’s 10-day average daily trading volume, we find that it stood at 24.38 million shares traded. The 3-month trading volume is 36.40 million shares.
The consensus among analysts is that Fuelcell Energy Inc (FCEL) is Hold stock at the moment, with a recommendation rating of 3.22. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 7 out of 8 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.06.
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Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Sporting 5.87% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FCEL stock price touched $0.35 or saw a rise of 3.29%. Year-to-date, Fuelcell Energy Inc shares have moved -78.34%, while the 5-day performance has seen it change -1.87%. Over the past 30 days, the shares of Fuelcell Energy Inc (NASDAQ:FCEL) have changed -22.54%. Short interest in the company has seen 126.08 million shares shorted with days to cover at 5.41.
Wall Street analysts have a consensus price target for the stock at $3, which means that the shares’ value could jump 88.33% from current levels. The projected low price target is $1.25 while the price target rests at a high of $5.75. In that case, then, we find that the current price level is -1542.86% off the targeted high while a plunge would see the stock gain -257.14% from current levels.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Figures show that Fuelcell Energy Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -68.50% over the past 6 months, with this year growth rate of 3.85%, compared to -6.30% for the industry. Revenue growth from the last financial year stood is estimated to be -16.10%.
6 analysts offering their estimates for the company have set an average revenue estimate of 40.83M for the current quarter. 3 have an estimated revenue figure of 39.46M for the next ending quarter. Year-ago sales stood 22.46M and 23.82M respectively for this quarter and the next, and analysts expect sales will grow by 81.80% for the current quarter and -16.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 50.65% over the past 5 years. Earnings growth for 2024 is a modest 1.97% while over the next 5 years, the company’s earnings are expected to increase by 15.00%.
FCEL Dividends
Fuelcell Energy Inc is expected to release its next earnings report on 2024-Dec-17 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Insiders own 0.28% of the company shares, while shares held by institutions stand at 38.65% with a share float percentage of 38.76%. Investors are also buoyed by the number of investors in a company, with Fuelcell Energy Inc having a total of 286.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 34.36 million shares worth more than $21.95 million. As of 2024-06-30, BLACKROCK INC. held 7.5859% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 33.26 million shares as of 2024-06-30. The firm’s total holdings are worth over $21.25 million and represent 7.3421% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF . As of Jun 30, 2024 , the former fund manager holds about 2.45% shares in the company for having 13.62 shares of worth $4.72 million while later fund manager owns 12.23 shares of worth $4.24 million as of Aug 31, 2024 , which makes it owner of about 2.20% of company’s outstanding stock.
