Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Capstone Turbine (CPST) Share Price
Press coverage about Capstone Turbine (NASDAQ:CPST) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Capstone Turbine earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media headlines about the industrial products company an impact score of 46.5565573530422 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Capstone Turbine (NASDAQ CPST) traded down $0.03 during mid-day trading on Thursday, reaching $0.82. The company had a trading volume of 434,700 shares, compared to its average volume of 389,527. Capstone Turbine has a 52-week low of $0.58 and a 52-week high of $1.35.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. During the same period in the prior year, the company earned ($0.19) EPS. The company’s revenue was up 32.0% on a year-over-year basis. analysts expect that Capstone Turbine will post -0.25 EPS for the current fiscal year.
A number of brokerages recently weighed in on CPST. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a report on Friday, October 20th. Roth Capital set a $2.00 price objective on Capstone Turbine and gave the stock a “buy” rating in a report on Friday, October 27th. CIBC raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. Finally, Oppenheimer raised Capstone Turbine from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Capstone Turbine has an average rating of “Buy” and an average price target of $1.58.
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About Capstone Turbine
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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