Fusion Fuel Green Ltd (NASDAQ: HTOO) Stock Forecast: An Analysis

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In the latest trading session,, 0.43 million Fusion Fuel Green Ltd (NASDAQ:HTOO) shares changed hands as the company’s beta touched 1.69. With the company’s most recent per share price at $0.48 changed hands at -$0.13 or -20.99% at last look, the market valuation stands at $8.34M. HTOO’s current price is a discount, trading about -868.75% off its 52-week high of $4.65. The share price had its 52-week low at $0.46, which suggests the last value was 4.17% up since then. When we look at Fusion Fuel Green Ltd’s average trading volume, we note the 10-day average is 0.14 million shares, with the 3-month average coming to 162.72K.

Analysts gave the Fusion Fuel Green Ltd (HTOO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended HTOO as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Fusion Fuel Green Ltd’s EPS for the current quarter is expected to be 0.

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Fusion Fuel Green Ltd (NASDAQ:HTOO) trade information

Instantly HTOO was in red as seen in intraday trades today. With action -18.92%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -57.14%, with the 5-day performance at -18.92% in the red. However, in the 30-day time frame, Fusion Fuel Green Ltd (NASDAQ:HTOO) is -8.22% down. Looking at the short shares, we see there were 0.23 million shares sold at short interest cover period of 0.98 days.

The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 93.14% from its recent market value. According to analyst projections, HTOO’s forecast low is 7 with 7 as the target high. To hit the forecast high, the stock’s price needs a -1358.33% plunge from its current level, while the stock would need to soar -1358.33% for it to hit the projected low.

Fusion Fuel Green Ltd (HTOO) estimates and forecasts

Data shows that the Fusion Fuel Green Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -61.29% over the past 6 months, a 55.90% in annual growth rate that is considerably higher than the industry average of 8.30%. Year-over-year growth is forecast to reach 390.80% up from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.53M. 1 analysts are of the opinion that Fusion Fuel Green Ltd’s revenue for the current quarter will be 4.21M. The company’s revenue for the corresponding quarters a year ago was -860k and 2.73M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -277.90%. The estimates for the next quarter sales put growth at 54.40%. The 2024 estimates are for Fusion Fuel Green Ltd earnings to increase by 86.10%.

Fusion Fuel Green Ltd (NASDAQ:HTOO)’s Major holders

UBS GROUP AG holds the second largest percentage of outstanding shares, with 0.8887% or 0.17 million shares worth $0.15 million as of 2024-06-30.