AFC Energy (LON:AFC) Shares Up 14.5% – Should You Buy?

AFC Energy plc (LON:AFC)’s stock price rose 14.5% during trading on Tuesday . The stock traded as high as GBX 6.30 ($0.08) and last traded at GBX 6.30 ($0.08). Approximately 1,797,371 shares traded hands during trading, a decline of 32% from the average daily volume of 2,647,279 shares. The stock had previously closed at GBX 5.50 ($0.07).

AFC Energy Stock Performance

The company has a fifty day moving average of GBX 7.89 and a 200 day moving average of GBX 9.21. The company has a debt-to-equity ratio of 2.13, a current ratio of 4.87 and a quick ratio of 12.18. The stock has a market cap of £53.91 million, a P/E ratio of -2.41 and a beta of 2.96.

AFC Energy (LON:AFC) last announced its quarterly earnings data on Thursday, March 20th. The company reported GBX (2.36) (($0.03)) earnings per share for the quarter. AFC Energy had a negative net margin of 4,502.53% and a negative return on equity of 71.96%. On average, equities analysts predict that AFC Energy plc will post -1.9 earnings per share for the current fiscal year.

Insider Transactions at AFC Energy

In related news, insider Gary Bullard bought 100,000 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of GBX 6 ($0.08) per share, with a total value of £6,000 ($7,751.94). Also, insider Karl Bostock purchased 250,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The stock was bought at an average price of GBX 9 ($0.12) per share, with a total value of £22,500 ($29,069.77). Insiders have acquired 700,000 shares of company stock valued at $4,950,000 in the last quarter. Insiders own 16.21% of the company’s stock.

AFC Energy Company Profile

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.