A Technical View of the Fisker Inc. (FSR)

Fisker Inc. (NYSE:FSR) saw a downside of -5.46% on Monday at $14.03 after subtracting -$0.81. The 5-day average trading volume is 6,287,212 shares of the company’s common stock. It has gained $15.81 in the past week and touched a new high 1 time within the past 5 days. An average of 7,666,653 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,244,701.

FSR’s 1-month performance is 3.70% or $0.02 on its low of $12.14 reached on 09/16/21. The company’s shares have touched a 52-week low of $8.70 and high of $31.96, with the stock’s rally to the 52-week high happening on 03/02/21. YTD, FSR has achieved 1.30% or -$0.62 and has reached a new high 13 times. However, the current price is down -56.10%% from the 52-week high price.


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Insider Transactions

On Jun 11, 115 days have gone by since the last insider trading activity for Fisker Inc. (FSR). Fisker Henrik (President & CEO) most recently sold 22,000 shares at $18.70 per share on Jun 11. This transaction cost the insider $411,352. President & CEO, Fisker Henrik, sold 539,956 shares at a price of $17.79 on Jun 10. Then, on Mar 16, 10% Owner Spartan Energy Acquisition Spo sold 1,250,000 shares at a price of $21.75 per share. This transaction amounted to $27,191,125.

Valuation Metrics

Fisker Inc. (FSR) has a trailing price-to-earnings (P/E) ratio of 16.29 for the broader industry and 19.76 for the sector, meaning that investors are optimistic about the stock’s future prospects.FSR stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 88528.17 while the price-to-book (PB) in the most recent quarter is 3.95.

Fisker Inc.’s quick ratio for the period ended June 29 was 16.60, with the current ratio over the same period at 16.60 meaning that FSR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FSR to announce -$0.24 per share in earnings in its latest quarter, but it posted -$0.16, representing a 33.30% surprise. EBITDA for the quarter stood at more than -$52.39 million. FSR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 80.86 million, with total debt at $20.21 million

Technical Picture

Let’s look briefly at Fisker Inc. (FSR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 45.76% to suggest the stock is trending Neutral, with historical volatility in this time period at 61.97%.

The stock’s 5-day moving average is $14.67, reflecting a -11.15% or -$1.76 change from its current price. FSR is currently trading +0.14% above its 20-day SMA, +36.35% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.87% and -8.54% respectively.

Stochastic %K and %D was 62.20% and 66.87% and the average true range (ATR) pointed at 0.80. The RSI (14) points at 47.41%, while the 14-day stochastic is at 49.67% with the period’s ATR at 0.80. The stock’s 9-day MACD Oscillator is pointing at -0.19 and 0.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fisker Inc. (NYSE: FSR), Tudor Pickering Holt & Co. launched coverage with a Buy rating. Analysts offering their rating for FSR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate FSR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 5 have offered a “buy” rating.

What is FSR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $40.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for Fisker Inc. (FSR) stock is $22.22.

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