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Hot Stock: Capstone Turbine, Shares Drop 7.0% (CPST)

Published on Tue, 01/15/2013 - 13:22
By Adrienne Chilton

Capstone Turbine (NASDAQ:CPST) is one of today's worst performing penny stocks, down 7.0% to $0.80 on 5.3x average daily volume. Thus far today, Capstone Turbine has traded 7.6 million shares, vs. average volume of 1.4 million shares per day. The stock has underperformed the Dow (-7.0% to the Dow's -0.1%) and underperformed the S&P 500 (-7.0% to the S&P's -0.1%) during today's trading.

There is potential upside of 135.4% for shares of Capstone Turbine based on a current price of $0.80 and an average consensus analyst price target of $1.88. The stock should find initial resistance at its 50-day moving average (MA) of $0.94 and further resistance at its 200-day MA of $1.00.

Capstone Turbine share prices have moved between a 52-week high of $1.53 and the current low of $0.73 and are currently at $0.80 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.

Capstone Turbine Corporation designs, assembles, and sells Capstone MicroTurbines for worldwide applications in the distributed power generation and hybrid electric vehicle markets. The Capstone MicroTurbine is a low-emissions power generation system that combines a gas turbine-driven high-speed generator with power electronics.

By Adrienne Chilton