Zacks Long Term Rating Update on FuelCell Energy Inc February 24, 2015 by Joe Willams
FuelCell Energy Inc (NASDAQ:FCEL) remains a strong buy in the latest set of rankings. The counter has received an average rating of 1 by 2 analysts. Research Analysts at Zacks has the counter a rating of 3, which implies that the firms recommendation is Neutral on the company. It is advised that fresh investments be made in the counter only when it is undervalued.
Investors in FuelCell Energy Inc (NASDAQ:FCEL) discarded the counter and the shares fell 1.5% or 0.02 points in todays trading session. Upon opening the transactions at $1.35, the counter maintained a trading range between $1.31 and $1.36 before the day culminated at $1.31. Even as the price action was dull, the volume figure touched 3,336,962 shares. The previous close of the share price was $1.33. The shares have a 52-week peak value of $4.74 while the yearly price nadir is registered at $1.05. With around 292,206,000 shares in outstanding, the current market cap of the company is $383 million.
FuelCell Energy Inc (NASDAQ:FCEL): 3 Analyst have given the stock of FuelCell Energy Inc (NASDAQ:FCEL) a near short term price target of $2.8. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.27. The higher price target estimate is at $3 while the lower price estimates are fixed at $3.
FuelCell Energy Inc (NASDAQ:FCEL) Short interest is confirmed a change of -9.08% in the preceding 1-month. In the 3-month period, the short interest has registered a change of -4.85%. The latest short ratio is 8.83. A low short ratio indicates marginal bearishness while a high short ratio represents excessive pessimism. The total monthly shares shorted are 0.107 times the total shares outstanding. Volume during the past 20 days was recorded at 1.24% of the shares outstanding. The daily volume has averaged 3,613,007 shares in the preceding 20 days. |