Capstone Turbine (NASDAQ:CPST)’s share price traded up 7.9% during trading on Thursday . The company traded as high as $1.67 and last traded at $1.78. 1,771,890 shares traded hands during mid-day trading, an increase of 62% from the average session volume of 1,096,196 shares. The stock had previously closed at $1.65.
A number of equities analysts have recently commented on the stock. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Friday. Zacks Investment Research lowered shares of Capstone Turbine from a “buy” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $1.75.
The stock has a market cap of $89.23, a P/E ratio of -2.24 and a beta of 0.27.
Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The business had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.70 million. During the same period in the previous year, the business posted ($0.28) earnings per share. Capstone Turbine’s revenue for the quarter was up 12.9% on a year-over-year basis. equities research analysts anticipate that Capstone Turbine will post -0.22 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its position in Capstone Turbine by 63.3% during the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 67,509 shares during the last quarter. Wedbush Securities Inc. lifted its position in Capstone Turbine by 52.1% during the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 111,001 shares during the last quarter. Macquarie Group Ltd. bought a new stake in Capstone Turbine during the fourth quarter valued at approximately $111,000. Perkins Capital Management Inc. bought a new stake in Capstone Turbine during the fourth quarter valued at approximately $744,000. Finally, Sabby Management LLC bought a new stake in Capstone Turbine during the fourth quarter valued at approximately $758,000. Institutional investors and hedge funds own 11.30% of the company’s stock.
Capstone Turbine Company Profile
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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