Capstone Turbine Corporation (CPST) Sees Unusually-High Trading Volume
Capstone Turbine Corporation (NASDAQ:CPST) saw unusually-high trading volume on Thursday . Approximately 4,205,742 shares changed hands during trading, an increase of 815% from the previous session’s volume of 459,846 shares.The stock last traded at $1.16 and had previously closed at $0.98.
CPST has been the subject of several research analyst reports. HC Wainwright set a $2.00 price target on Capstone Turbine Corporation and gave the company a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research upgraded Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price target for the company in a report on Tuesday, July 4th. Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the stock a “hold” rating in a report on Thursday, August 10th. Oppenheimer Holdings, Inc. upgraded Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, CIBC upgraded Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $1.58.
The company’s market capitalization is $49.43 million. The company has a 50-day moving average price of $0.69 and a 200 day moving average price of $0.69.
Capstone Turbine Corporation (NASDAQ:CPST) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.02. The company had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.20 million. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.17) earnings per share. On average, equities analysts forecast that Capstone Turbine Corporation will post ($0.24) earnings per share for the current year.
An institutional investor recently raised its position in Capstone Turbine Corporation stock. Renaissance Technologies LLC increased its holdings in Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 825,509 shares of the industrial products company’s stock after acquiring an additional 68,400 shares during the period. Renaissance Technologies LLC owned approximately 2.31% of Capstone Turbine Corporation worth $632,000 at the end of the most recent quarter. 13.45% of the stock is currently owned by institutional investors and hedge funds.
Capstone Turbine Corporation Company Profile
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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