FuelCell Energy Inc. (FCEL) Stock Behavior Isn’t As Predictable As You Think

FuelCell Energy Inc. (NASDAQ:FCEL) concluded the trading at $6.20 on Wednesday, March 16 with a rise of 5.62% from its closing price on previous day.

Taking a look at stock we notice that its last check on previous day was $5.87 and 5Y monthly beta was reading 4.73 with its price kept floating in the range of $5.72 and $6.21 on the day. Considering stock’s 52-week price range provides that FCEL hit a high price of $16.35 and saw its price falling to a low level of $3.39 during that period. Over a period of past 1-month, stock came adding 34.20% in its value.

With its current market valuation of $2.27 billion, FuelCell Energy Inc. is set to declare its quarterly results on Mar 14, 2022 – Mar 18, 2022. Analysts are in estimates of -$0.05 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving up to -$0.2 for 2022 with estimates of that growing to -$0.11 in next year. These estimates are suggesting current year growth of 33.30% for EPS and 45.00% growth next year.

Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $27.73 million. They suggested that in the process company could generate revenue of as low as $17.8 million which could climb up to $47.92 million to hit a high. The average estimate is representing an increase of 25.40% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $143.97 million in 2022, which will be 106.90% more from revenue generated by the company last year.

In last 7 days, analysts came adjusting their opinions about stock’s EPS with no upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review FCEL stock’s current outlook then short term indicators are assigning it an average of Hold, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 100% Sell for it.

According to ratings assigned by 11 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 9 of them are recommending FuelCell Energy Inc. (FCEL) as a Hold, while 0 are in view that stock is a Buy. Recommendation by 0 analysts for the stock is an Underweight while number of those analysts who rated the stock as an Overweight is 0, whereas 2 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Overweight and that encourages the investors to exploit the opportunity and build their stake up in the company.

Digging deeper we become aware of the PEG ratio of the FCEL stock which is currently positioned at 0. It further provides that stock’s current price level is 8.38% away from its 20-day simple moving average and is 23.32% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.87 while volatility remained at 11.19% over the past week which changes to 10.51% when measuring it over the past month. Beta is valued at 4.37, while measure of average true range or ATR is currently at 0.57. In predicting price targets of as low as $5.00 and as high as $7.00, analysts are in agreement on assigning the stock over the next 12 months average price target of $5.44. Stock’s current price level is 19.35% above from estimated low price target while it is -12.9% below the estimated high; and even if the FCEL’s share succeeded to reach the median price of $5.00, then the outlook of 19.35% could come to the excitement of the investors.

Having a second look at FuelCell Energy Inc. (NASDAQ:FCEL) provides that stock’s average daily trading volume for 3 months was 25.03 million. Number of outstanding shares of the stock stood at 366.74 million.

The percentage of outstanding shares held by the insiders is 0.10% while it is 44.00% for the institutional holders. Addition of 19.23% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.

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