Fusion Fuel Green Ltd (NASDAQ: HTOO): Decline Of -1272.55% Looks Weak With A Stock Forecast 2024

In today’s recent session, 0.96 million shares of the Fusion Fuel Green Ltd (NASDAQ:HTOO) have been traded, and its beta is 1.55. Most recently the company’s share price was $0.51, and it changed around -$0.05 or -9.25% from the last close, which brings the market valuation of the company to $10.41M. HTOO at last check was trading at a discount to its 52-week high of $4.65, offering almost -811.76% off that amount. The share price’s 52-week low was $0.28, which indicates that the recent value has risen by an impressive 45.1% since then. We note from Fusion Fuel Green Ltd’s average daily trading volume that its 10-day average is 31.65 million shares, with the 3-month average coming to 5.24 million.

Fusion Fuel Green Ltd stock received a consensus recommendation rating of Overweight, based on a mean score of 3.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended HTOO as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Fusion Fuel Green Ltd is expected to report earnings per share of 0 for the current quarter.

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Fusion Fuel Green Ltd (NASDAQ:HTOO) trade information

Instantly HTOO has been showing red trend so far today with a performance of -9.25% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.7482 on recent trading dayincreased the stock’s daily price by 31.84%. The company’s shares are currently down -54.46% year-to-date, but still up 50.22% over the last five days. On the other hand, Fusion Fuel Green Ltd (NASDAQ:HTOO) is -7.68% down in the 30-day period. We can see from the shorts that 0.45 million shares have been sold at a short interest cover period of 0.81 day(s).

The consensus price target as assigned by Wall Street analysts is $7, which translates to bulls needing to increase their stock price by 92.71% from its current value. Analyst projections state that HTOO is forecast to be at a low of $7 and a high of $7.

Fusion Fuel Green Ltd (HTOO) estimates and forecasts

Fusion Fuel Green Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -55.26 percent over the past six months and at a 55.90% annual growth rate that is well above the industry average of 8.30%. The year-over-year growth rate is expected to be 302.32%, up from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.53M in revenue for the current quarter. 1 analysts expect Fusion Fuel Green Ltd to make 4.21M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 67.97%.

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

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

Fidelity NASDAQ Composite Index Fund and Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 4.79 shares worth $2445.0, making up 0.03% of all outstanding shares. On the other hand, Tidal Tr II-Carbon Collective Climate Solutions U.S. Equity ETF held roughly 671.0 shares worth around $342.0, which represents about 0.00% of the total shares outstanding.