AFC Energy (LON:AFC) Trading Down 10.3% - Should You Sell?

Key Points

• AFC Energy's stock fell 10.3% on Friday to GBX 15.18, with trading volume surging to 55,103,043 shares, about a 520% increase versus its average session volume.
• The company remains unprofitable, reporting quarterly EPS of GBX (2.41), a negative return on equity and an extremely negative net margin, and analysts forecast roughly -1.9 EPS for the current fiscal year.
• AFC Energy develops ammonia-based low carbon hydrogen production and hydrogen-to-power solutions, targeting commercially viable clean hydrogen supplies without reliance on subsidies.

AFC Energy plc (LON:AFC - Get Free Report)'s stock price fell 10.3% during trading on Friday . The company traded as low as GBX 14.80 and last traded at GBX 15.18. 55,103,043 shares were traded during trading, an increase of 520% from the average session volume of 8,888,025 shares. The stock had previously closed at GBX 16.92.

AFC Energy Trading Up 2.0%

The firm has a market capitalization of £196.05 million, a P/E ratio of -7.16 and a beta of 2.37. The business's 50-day moving average is GBX 12.04 and its 200 day moving average is GBX 11.16. The company has a debt-to-equity ratio of 0.49, a current ratio of 5.13 and a quick ratio of 12.18.

AFC Energy (LON:AFC - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The company reported GBX (2.41) EPS for the quarter. AFC Energy had a negative return on equity of 76.88% and a negative net margin of 17,756.00%. As a group, analysts anticipate that AFC Energy plc will post -1.9 EPS for the current fiscal year.

AFC Energy Company Profile

AFC Energy plc AIM: AFC is a leading provider of ammonia-based low carbon hydrogen production and hydrogen-to-power solutions. Our market-leading decentralised ammonia cracker and fuel cell generator products are engineered to unlock the low carbon hydrogen market by meeting customers' needs with scalable, reliable supplies of low carbon hydrogen and power. AFC Energy is enabling customers to decarbonise at a price that is commercially viable. Our core strategy is to develop and deploy products that enable the production of scalable, reliable supplies of clean hydrogen at commercially viable prices and without reliance on government subsidies or incentives.

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