Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>In the YTD time frame, STEM stock lost 44.38% of its trading value.</a> </li> 
 <li> <span>2</span> <a>In the 52 weeks time frame, STEM stock price peaked at $18.02 and its lowest trading price was $3.72.</a> </li> 
 <li> <span>3</span> <a>142 Million STEM shares are free floating and the remaining 8.83% are closely held.&nbsp;</a> </li> 
</ul> 
<p>STEM stock lost 44.38% of its trading price in the YTD time frame. At the time of publication Stem, Inc. stock was trading at $4.70 with an intraday trading volume of 3.108 Million.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-stem-stock-price-analysis-strong"><strong>STEM Stock Price Analysis</strong></h2> 
<p>On September 13, the stock shed price 6.19% and started trading below 20,50,100 and 200 day EMAs.</p> 
<p>In the 52 weeks time frame, STEM stock price peaked at $18.02 while its lowest trading price was $3.72. Stem, Inc. has a market capitalization of $732.271 Million with a 46.98% decline in 2023.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full is-resized">
  <img decoding="async" loading="lazy" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-380.png" alt="Stem, Inc: STEM Stock Lost 48% YTD; Will it Break 52 Week Low?&nbsp;" class="wp-image-167875" style="width: 100%;height:699px" width="1172" height="699" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-380.png 974w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-380-300x179.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-380-768x458.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-380-750x447.png 750w" sizes="(max-width: 1172px) 100vw, 1172px">
  <figcaption class="wp-element-caption">
   Source: STEM stock price chart from <a href="https://www.tradingview.com/x/ohq6H5zl/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>In the weekly time frame, STEM stock price declined over 1.40% and in the monthly time frame, price fell 26.79%. Stem, Inc. stock has an annual price target of $9.57 which is around 103.5% greater than its current trading price.</p> 
<p>The RSI is below the zero line and seems to be moving towards the oversold territory. Similarly, the MACD is reflecting mild negativity and the MACD line and signal line are parallel at press time.&nbsp;</p> 
<p>It is important to know that the company reported 1.28% more revenue than its estimated figures, despite which a steady decline in stem share price can be seen. Opposing the RSI and MACD indicators, STEM stock might show a minute short term bounce in coming sessions.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-stem-inc-financial-updates-strong"><strong>Stem, Inc Financial Updates&nbsp;</strong></h2> 
<p>In the second quarter of 2023 Stem, Inc. was supposed to report $91.83 Million in revenue but it impressed its investors by reporting $93 Million. Majority of Stem, Inc. revenue is hardware and other services.&nbsp;</p> 
<p>The estimated EPS of stem stock was negative $0.17 but the reported EPS was 171.48% greater than it . According to TradingView 142 Million STEM shares are free floating and the remaining 8.83% are closely held.</p> 
<p>The estimated revenue for the third quarter is $180.39 Million and the EPS is negative $0.18. From the total revenue of 2022, the gross profit of the company was 10% and net income was negative 34%.</p> 
<p>Stem, Inc. engages in the provision of an energy storage system, hardware, ongoing software platform and professional services, and solar asset performance monitoring and control. The company was founded in 2009 and is headquartered in San Francisco, CA.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Major Support: $3.72 &amp; $3.00</p> 
<p>Major Resistance: $5.04 and $5.65</p> 
<h4 class="wp-block-heading"><strong>Conclusion:</strong></h4> 
<p>STEM <a href="https://www.thecoinrepublic.com/2023/08/30/understanding-crypto-world-top-5-best-platforms-for-navigating-the-crypto-ecosystem/">stock </a>price seems to be in a declining pattern for a long period, with less chance of interim recovery observed till now. As per market observer, a short term bounce might be seen by the end of this week.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Stem, Inc: STEM Stock Lost 48% YTD; Will it Break 52 Week Low?

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