Capstone Turbine Co. (NASDAQ:CPST) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 1,306,306 shares, a growth of 43.1% from the May 31st total of 912,579 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average daily volume of 1,182,536 shares, the days-to-cover ratio is presently 1.1 days.
Shares of Capstone Turbine opened at $1.43 on Friday, MarketBeat reports. The company has a current ratio of 1.68, a quick ratio of 1.19 and a debt-to-equity ratio of 0.01. Capstone Turbine has a 52 week low of $0.58 and a 52 week high of $1.90. The stock has a market capitalization of $95.26 million, a price-to-earnings ratio of -7.15 and a beta of 0.19.
Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Thursday, June 7th. The industrial products company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Capstone Turbine had a negative net margin of 12.10% and a negative return on equity of 46.90%. The firm had revenue of $21.06 million for the quarter, compared to analysts’ expectations of $21.10 million. analysts predict that Capstone Turbine will post -0.02 earnings per share for the current year.
In related news, Director Robert C. Flexon acquired 30,000 shares of Capstone Turbine stock in a transaction that occurred on Tuesday, June 12th. The stock was acquired at an average price of $1.53 per share, with a total value of $45,900.00. Following the completion of the acquisition, the director now directly owns 41,875 shares of the company’s stock, valued at approximately $64,068.75. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders purchased 44,655 shares of company stock valued at $68,243 in the last ninety days. Corporate insiders own 1.83% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Sabby Management LLC bought a new stake in Capstone Turbine in the fourth quarter worth about $758,000. Geode Capital Management LLC raised its holdings in Capstone Turbine by 63.3% during the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the period. Northern Trust Corp raised its holdings in Capstone Turbine by 116.5% during the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after buying an additional 83,002 shares during the period. Finally, Macquarie Group Ltd. acquired a new stake in Capstone Turbine during the 4th quarter worth about $111,000. Hedge funds and other institutional investors own 11.43% of the company’s stock.
Several equities research analysts recently weighed in on CPST shares. Zacks Investment Research raised shares of Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a report on Tuesday, May 22nd. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the stock a “buy” rating in a research report on Friday, April 13th. Lake Street Capital assumed coverage on shares of Capstone Turbine in a research report on Friday, June 15th. They issued a “buy” rating and a $3.00 price target on the stock. Finally, ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Friday, June 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $2.15.
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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