Lombard Odier Asset Management recently announced the acquisition of new stake in Fusion Fuel Green PLC (NASDAQ:HTOO). The institutional investor has increased its shareholding in the Utilities company by 23.48% to 0.32 million shares with purchase of 59902.0 shares. This fresh investment now brings its stake to 2.79% valued currently at $1.4 million. In addition, UBS Securities LLC raised its holdings by 85976.0 to 87407.0 shares. And Simplex Trading LLC has lifted its position by 100.18% or 13928.0 shares – to 27831.0 shares.
With over 0.15 million Fusion Fuel Green PLC (HTOO) shares trading Monday and a closing price of $4.31 on the day, the dollar volume was approximately $0.65 million. The shares have shown a negative half year performance of -37.72% and its price on 01/23/23 gained nearly 3.86%. Currently, there are 13.42M common shares owned by the public and among those 10.28M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for HTOO have a consensus price objective of $10.24. The analysts have set the share’s price value over the next 12 months at a high of $14.43 and a low of $6.67. The average price target is 59.61% above its recent price level and an upside to the estimated low will see the stock gain 35.38% over that period. But an upside of 70.13% will see the stock hit the forecast high price target while median target price for the stock is $9.62.
Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Fusion Fuel Green PLC are Erste WWF Stock Environment, Delphi Global, and LO Funds – TerreNeuve. Erste WWF Stock Environment owns 0.41 million shares of the company’s stock, all valued at over $1.84 million. LO Funds – TerreNeuve bought 5000.0 shares to bring its total holdings to over 80033.0 shares at a value of $0.35 million. LO Funds – TerreNeuve now owns shares totaling to 0.71% of the shares outstanding.
Shares of Fusion Fuel Green PLC (NASDAQ: HTOO) opened at $4.16, up $0.01 from a prior closing price of $4.15. However, the script later moved the day high at 4.4400, up 3.86%. The company’s stock has a 5-day price change of -4.01% and 22.44% over the past three months. HTOO shares are trading -2.71% year to date (YTD), with the 12-month market performance down to -35.29% lower. It has a 12-month low price of $2.70 and touched a high of $10.83 over the same period. HTOO has an average intraday trading volume of 172.52K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -3.73%, -8.10%, and -32.05% respectively.
Institutional ownership of Fusion Fuel Green PLC (NASDAQ: HTOO) shares accounts for 42.75% of the company’s 13.42M shares outstanding. Mutual fund holders own 23.25%, while other institutional holders and individual stakeholders account for 7.59% and — respectively.
It has a market capitalization of $57.84M. The stock’s trailing 12-month PE ratio is 3.88, while the earnings-per-share (ttm) stands at $1.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.58% over the week and 8.55% over the month.
Analysts forecast that Fusion Fuel Green PLC (HTOO) will achieve an EPS of -$0.42 for the current quarter, -$0.26 for the next quarter and -$0.37 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.65 while analysts give the company a high EPS estimate of -$0.2. Comparatively, EPS for the current quarter was $0 a year ago. Earnings per share for the fiscal year are expected to decrease by -137.40%, and -9.00% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate Fusion Fuel Green PLC (HTOO) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 1 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the HTOO, a number of firms have released research notes about the stock. H.C. Wainwright stated their Buy rating for the stock in a research note on June 08, 2021, with the firm’s price target at $25.
