More To Go Or Is It Over? – Fuelcell Energy Inc (FCEL)

Fuelcell Energy Inc (NASDAQ:FCEL) does about 34.96M shares in volume on a normal day but saw 62705205 shares change hands in Monday trading. The company now has a market cap of 442.47M USD. Its current market price is $0.98, marking an increase of 12.64% compared to the previous close of $0.87. The 52 week high reached by this stock is $2.94 whilst the lowest price level in 52 weeks is $0.64.

Fuelcell Energy Inc (FCEL) has a 20-day trading average at $0.8757 and the current price is -66.70% off the 52-week high compared with 52.98% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.9300 and its 200-day simple moving average is $1.1808. If we look at the stock’s price movements over the week, volatility stands at 10.60%, which increases to 12.20% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 55.44 to suggest the stock is neutral.

The consensus objective for the share price is $1.48, suggesting that the stock has a potential upside of 33.78% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 14, 2023 when Jefferies resumed the stock to “Hold” and issued a price target of between $2.75 and $1.50. Jefferies initiated its price target at $3.

Fuelcell Energy Inc (FCEL) stock is down -2.03% over the week and 32.76% over the past month. Its price is -38.81% year-to-date and -57.61% over the past year.

To reach the target analysts have set, the stock logically needs to grow 33.78 percent from here.

The company has a return on investment of -13.31% and return on equity of -15.25%. The beta has a value of 3.95. Price to book ratio is 0.70 and price to sales ratio is 5.08.