On Jan. 05, Hencken Frederick S. III divested U.S. $27,463 in shares of Capstone Turbine Corporation. The CFO sold 2,569 shares at a price per share of $10.69. The transaction decreased this specific insider’s holdings to 51,641 shares worth around $0.71 million at present.
Oppenheimer took its Capstone Turbine Corporation [CPST] rating to the equivalent of a Perform from an Outperform,in a research note dated November 08, 2019. Other analysts also revised their coverage, with Oppenheimer’s analysts downgrading the shares from “an Outperform” rating to “a Perform” rating in a research note to investors issued in early November. Meanwhile, ROTH Capital had lowered its rating on CPST to “Neutral” from the earlier “Buy”, in a research note produced for clients February 08, 2019. In addition, there was a new coverage from Lake Street on June 15, 2018. The research firm rated CPST “a Buy”.
Is Capstone Turbine Corporation [NASDAQ:CPST] a Good Buy Right Now?
It should be noted that CPST technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Capstone Turbine Corporation’s Trend Spotter indicated that the signals were Strongest. The stock current average is 0.29 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.23 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.21 million shares.
CPST Price Performance
On Wall Street, Capstone Turbine Corporation [NASDAQ:CPST] finished Thursday’s session up 20.00% at $13.80. The stock went up to $15.2799 at the same session while its lowest single day price was $12.60. In the last five days, it saw a rise of about 25.68%, Capstone Turbine Corporation shares gained by almost 28.97% since the beginning of the year. However, the share price has dropped to as low as 18.15% below its one year high. On 01/07/21, the company shares recorded $15.28, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $10.03. The company’s shares have inclined by 331.25% in the past year. The 50-day SMA achieved is $7.43 while the 200-day SMA is $4.37. Volume gained to 1.01 million from 0.51 million in the previous session.
CPST Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 12.51 level, and in case of violation of this particular level, it will cause more drop to 11.21 level. On the upper level, 16.57 is still the key resistance. The stock may increase to the subsequent resistance at 15.19. The Relative Strength Index (RSI) pinned on the 14-day chart is 80.17, implying a overbought technical stance while the MACD stands at 1.87, meaning price will increase in the next trading period. Percent R indicator moved to 18.55%, implying bullish price movement. Stochastic %K at 86.42% suggest selling the stock.
What is the short interest in Capstone Turbine Corporation?
Short interest in the Capstone Turbine Corporation stock has surged, increasing by 0.1 million shares to total 0.11 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.21 million, data from Yahoo Finance shows. The decrease of -90.62% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.01% of the overall float for the stock.
Capstone Turbine Corporation’s Biggest Shareholders: Who Owns Capstone Turbine Corporation [CPST]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 346,548 shares or roughly 3.13% of the outstanding CPST shares. This means their shares have increased by 86,790 from the 346,548 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Renaissance Technologies LLC updated stake is worth $1,909,702. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -3.01% stake valued at $1,153,605 while Sargent Investment Group LLC added theirs at $897,173. During the last quarter, BlackRock Fund Advisors liquidated -4,440 of its shares in Capstone Turbine Corporation while Sargent Investment Group LLC bought 70,000 shares. The GSA Capital Partners LLP’s holdings currently number 69,151 shares at $954283.8. According to the firm’s last 13F report, Squarepoint OPS LLC shares in the company at filing stood at 59,338 shares, roughly $477,671.
CPST Earnings Forecast For The Current Quarter
Capstone Turbine Corporation [CPST] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $17.08M and an earnings per share of -$0.29 for Dec 2020. Looking further ahead, the company is expected to report revenue of $17.46M at an EPS of -$0.26 for Mar 2021. The estimates represent 28.10% and 30.60% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
CPST Earnings Estimates For The Current Year
For the financial year, Capstone Turbine Corporation [NASDAQ:CPST] is expected to bring in revenue of $63.66M. The returns are nearly $-5.27 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at -1.1, higher than that of FY20 by $1.6. Estimates put this year’s earnings growth at 59.30%, 30.00% for the next, and at an annual 25.00% over the next 5-year period. As for sales, forecasts are for a decrease of -7.60% in the current fiscal year and a further 28.10% over the following year.
What are analyst thoughts on Capstone Turbine Corporation?
Looking forward to the Capstone Turbine Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Capstone Turbine Corporation stock at $8.00 within the next 12 months, which represents almost -72.5 per cent growth from its previous closing price of $13.80. The highest analysts’ target for Capstone Turbine Corporation stock projections is $13.00 and the lowest one is $7.00. Still, 5 analysts sharing their consensus rating for CPST stock in 2021 agree that it is an Overweight.