AFC Energy (LON:AFC) Receives "Buy" Rating from Peel Hunt

Key Points

• AFC Energy's stock has received a "Buy" rating from Peel Hunt, with a price target of GBX 23, indicating a potential upside of 152.78% from its previous close.
• The company reported a negative EPS of GBX (1.19) for the last quarter, with analysts predicting a further negative EPS of -1.9 for the current year.
• Insider Gary Bullard purchased 100,000 shares at an average cost of GBX 9, increasing his total investment in the company.

AFC Energy (LON:AFC - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at Peel Hunt in a report issued on Monday, MarketBeat reports.

AFC Energy Trading Up 4.2%

AFC Energy stock opened at GBX 9.10 on Monday. The firm has a 50 day simple moving average of GBX 10.25 and a 200-day simple moving average of GBX 9.70. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. The stock has a market capitalization of £102.97 million, a PE ratio of -395.65 and a beta of 2.96. AFC Energy has a 12-month low of GBX 5 and a 12-month high of GBX 18.

AFC Energy (LON:AFC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The company reported GBX (1.19) earnings per share (EPS) for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. As a group, equities research analysts expect that AFC Energy will post -1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other AFC Energy news, insider Gary Bullard bought 100,000 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was acquired at an average cost of GBX 9 per share, with a total value of £9,000. 4.41% of the stock is currently owned by corporate insiders.

About AFC Energy

AFC Energy plc is a leading provider of hydrogen fuel cell power systems to generate clean energy in support of the global energy transition. Based in the UK, the Company's scalable systems provide off-grid, zero emission power that are already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications.