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AFC Energy (LON:AFC) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

AFC Energy logo with Industrials background

Key Points

  • AFC Energy's stock price has surpassed its **50-day moving average** of GBX 9.46, reaching a high of GBX 10.34 during trading.
  • Analyst firm **Peel Hunt** has reaffirmed a **"buy" rating** for AFC Energy, with a consensus rating of "Buy" among analysts.
  • Insider **Gary Bullard** purchased 100,000 shares at an average cost of GBX 9, indicating confidence in the company's future performance.
  • Five stocks to consider instead of AFC Energy.

AFC Energy plc (LON:AFC - Get Free Report) shares passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 9.46 ($0.13) and traded as high as GBX 10.34 ($0.14). AFC Energy shares last traded at GBX 9.80 ($0.13), with a volume of 3,700,211 shares changing hands.

Analyst Ratings Changes

Separately, Peel Hunt reaffirmed a "buy" rating on shares of AFC Energy in a report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy".

Check Out Our Latest Analysis on AFC Energy

AFC Energy Price Performance

The company has a 50-day moving average of GBX 9.46 and a two-hundred day moving average of GBX 10.03. The stock has a market capitalization of £113.15 million, a PE ratio of -434.78 and a beta of 2.96. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18.

AFC Energy (LON:AFC - Get Free Report) last released its earnings results on Wednesday, July 16th. The company reported GBX (1.19) earnings per share for the quarter. AFC Energy had a negative return on equity of 71.96% and a negative net margin of 4,502.53%. Sell-side analysts predict that AFC Energy plc will post -1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Gary Bullard purchased 100,000 shares of the company's stock in a transaction on Thursday, August 14th. The stock was bought at an average cost of GBX 9 per share, for a total transaction of £9,000. 4.41% of the stock is owned by corporate insiders.

AFC Energy Company Profile

(Get Free Report)

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.

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