With 11.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.45 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $26.9176 whereas the lowest price it dropped to was $25.07. The 52-week range on BE shows that it touched its highest point at $26.26 and its lowest point at $8.41 during that stretch. It currently has a 1-year price target of $19.84. Beta for the stock currently stands at 2.89.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BE was up-trending over the past week, with a rise of 13.77%, but this was up by 173.16% over a month. Three-month performance surged to 120.48% while six-month performance rose 56.99%. The stock gained 96.44% in the past year, while it has gained 75.34% so far this year. A look at the trailing 12-month EPS for BE yields -0.58 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.28. This implies an EPS growth rate of 242.11% for this year and 176.23% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 22.66%.
Float and Shares Shorts:
At present, 224.72 million BE shares are outstanding with a float of 193.15 million shares on hand for trading. On 2024-10-31, short shares totaled 43.8 million, which was 1917.0000000000002 higher than short shares on 1727654400. In addition to Dr. K. R. Sridhar Ph.D. as the firm’s Co-Founder, CEO & Chairman, Ms. Shawn M. Soderberg J.D. serves as its Executive VP, Chief Legal Officer, General Counsel & Secretary.
Institutional Ownership:
Through their ownership of 0.83387 of BE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, BE reported revenue of $330399000.0 and operating income of -$9651000.0. The EBITDA in the recently reported quarter was $15866000.0 and diluted EPS was -$0.06.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BE since 9 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BE analysts setting a high price target of 30.0 and a low target of 7.0, the average target price over the next 12 months is 19.6875. Based on these targets, BE could surge 15.61% to reach the target high and fall by -73.03% to reach the target low. Reaching the average price target will result in a decline of -24.13% from current levels.
Analysts have provided yearly estimates in a range of $0.31266 being high and -$0.014212 being low. For BE, this leads to a yearly average estimate of $0.14212. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is -$0.14. The average estimate for the next quarter is thus -$0.04.
