During the last session, Fuelcell Energy Inc (NASDAQ:FCEL)’s traded shares were 24.74 million, with the beta value of the company hitting 3.87. The 52-week high for the FCEL share is $1.84, that puts it down -441.18 from that peak though still a striking 8.82% gain since the share price plummeted to a 52-week low of $0.31. The company’s market capitalization is $191.27M, and the average intraday trading volume over the past 10 days was 24.29 million shares, and the average trade volume was 24.98 million shares over the past three months.
Fuelcell Energy Inc (FCEL) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.22. FCEL has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Fuelcell Energy Inc (NASDAQ:FCEL) trade information
Fuelcell Energy Inc (FCEL) registered a 0.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.82% in intraday trading to $0.34, hitting a weekly high. The stock’s 5-day price performance is 7.60%, and it has moved by -4.66% in 30 days. Based on these gigs, the overall price performance for the year is -68.44%. The short interest in Fuelcell Energy Inc (NASDAQ:FCEL) is 124.32 million shares and it means that shorts have 5.34 day(s) to cover.
The consensus price target of analysts on Wall Street is $3, which implies an increase of 88.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.25 and $5.75 respectively. As a result, FCEL is trading at a discount of -1591.18% off the target high and -267.65% off the low.
Fuelcell Energy Inc (FCEL) estimates and forecasts
Statistics show that Fuelcell Energy Inc has outperformed its competitors in share price, compared to the industry in which it operates. Fuelcell Energy Inc (FCEL) shares have gone down -59.70% during the last six months, with a year-to-date growth rate more than the industry average at 3.85% against -5.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 14.30% this quarter and then drop -20.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -16.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40.83M as predicted by 6 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 39.46M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 22.46M and 23.82M respectively. In this case, analysts expect current quarter sales to grow by 81.80% and then jump by 65.70% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 50.65%. While earnings are projected to return 1.82% in 2024, the next five years will return 15.00% per annum.
FCEL Dividends
Fuelcell Energy Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fuelcell Energy Inc (NASDAQ:FCEL)’s Major holders
Fuelcell Energy Inc insiders own 0.29% of total outstanding shares while institutional holders control 38.63%, with the float percentage being 38.74%. BLACKROCK INC. is the largest shareholder of the company, while 282.0 institutions own stock in it. As of 2024-06-30, the company held over 34.36 million shares (or 7.5859% of all shares), a total value of $21.95 million in shares.
The next largest institutional holding, with 33.26 million shares, is of VANGUARD GROUP INC’s that is approximately 7.3421% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $21.25 million.
