Stem (NYSE:STEM) Hits New 12-Month Low - Should You Sell?

Stem, Inc. (NYSE:STEM - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.41 and last traded at $8.21, with a volume of 3681130 shares. The stock had previously closed at $0.44.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Susquehanna raised their target price on shares of Stem from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Thursday, May 1st. BMO Capital Markets decreased their price objective on shares of Stem from $10.00 to $8.00 and set a "market perform" rating for the company in a research report on Wednesday, March 5th. Roth Mkm boosted their price objective on shares of Stem from $7.00 to $8.00 and gave the stock a "neutral" rating in a research note on Wednesday, March 5th. Finally, UBS Group reiterated a "neutral" rating on shares of Stem in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Stem presently has an average rating of "Hold" and an average target price of $22.22.

Stem Stock Up 8.6%

The business has a fifty day moving average price of $9.58 and a 200-day moving average price of $10.07. The company has a market cap of $55.76 million, a P/E ratio of -0.07 and a beta of 1.36.

Stem (NYSE:STEM - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($3.00) EPS for the quarter, beating analysts' consensus estimates of ($4.00) by $1.00. The firm had revenue of $32.51 million for the quarter, compared to analyst estimates of $28.59 million. Stem had a negative return on equity of 275.79% and a negative net margin of 532.03%. As a group, research analysts expect that Stem, Inc. will post -0.52 earnings per share for the current year.

Institutional Trading of Stem

A number of institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of Stem by 8.7% in the fourth quarter. Wells Fargo & Company MN now owns 678,685 shares of the company's stock valued at $409,000 after buying an additional 54,194 shares in the last quarter. XTX Topco Ltd raised its holdings in Stem by 403.4% in the 4th quarter. XTX Topco Ltd now owns 286,690 shares of the company's stock valued at $173,000 after acquiring an additional 229,738 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Stem in the 4th quarter valued at $203,000. Northern Trust Corp lifted its position in shares of Stem by 6.3% during the 4th quarter. Northern Trust Corp now owns 1,295,149 shares of the company's stock valued at $781,000 after acquiring an additional 76,320 shares during the period. Finally, BNP Paribas Financial Markets bought a new position in shares of Stem in the fourth quarter worth $480,000. Institutional investors own 61.63% of the company's stock.

About Stem

Stem, Inc operates as a digitally connected, intelligent, and renewable energy storage network provider worldwide. The company offers energy storage hardware sourced from original equipment manufacturers (OEMs); edge hardware to aid in the collection of site data and real-time operation and control of the site and other optional equipment; and Athena, a software platform, which offers battery hardware and software-enabled services to operate the energy storage systems.