With over 9.29 million Fuelcell Energy Inc (FCEL) shares trading Monday and a closing price of $1.11 on the day, the dollar volume was approximately $10.32 million. The shares have shown a negative half year performance of -45.32% and its price on 11/27/23 lost nearly -5.13%. Currently, there are 450.63M common shares owned by the public and among those 449.64M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for FCEL have a consensus price objective of $1.95. The analysts have set the share’s price value over the next 12 months at a high of $3.20 and a low of $1.00. The average price target is 43.08% above its recent price level and a downside to the estimated low will see the stock lose -11.0% over that period. But an upside of 65.31% will see the stock hit the forecast high price target while median target price for the stock is $2.00.
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Insiders at the company have transacted a total of 40 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 671,147 shares. Insider sales of the common stock occurred on 20 occasions, with total insider shares sold totaling 289,052 shares.
Shares of Fuelcell Energy Inc (NASDAQ: FCEL) opened at $1.16, down -$0.01 from a prior closing price of $1.17. However, the script later moved the day high at 1.1600, down -5.13%. The company’s stock has a 5-day price change of -9.02% and -16.54% over the past three months. FCEL shares are trading -60.07% year to date (YTD), with the 12-month market performance down to -68.29% lower. It has a 12-month low price of $0.98 and touched a high of $4.36 over the same period. FCEL has an average intraday trading volume of 11.22 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.10%, -7.24%, and -45.99% respectively.
Institutional ownership of Fuelcell Energy Inc (NASDAQ: FCEL) shares accounts for 44.25% of the company’s 450.63M shares outstanding.
It has a market capitalization of $500.20M and a beta (3y monthly) value of 3.55. The earnings-per-share (ttm) stands at -$0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.79% over the week and 8.37% over the month.
Analysts forecast that Fuelcell Energy Inc (FCEL) will achieve an EPS of -$0.08 for the current quarter, -$0.08 for the next quarter and -$0.3 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.09 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was -$0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 26.85%, and -5.49% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 51.14% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Fuelcell Energy Inc (FCEL) as a “Hold” at a consensus score of 3.20. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 7 of the 10 advise that investors “hold,” and 2 rated it as a “Sell.”
Looking at the support for the FCEL, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on September 14, 2023, with the firm’s price target at $2.75-$1.50.
