What Fisker Inc. (FSR) Insiders Are Up To

Fisker Inc. (NYSE:FSR) trading with a subtraction of -$0.17 to $14.32 on Thursday, a downside of -1.17 percent. An average of 3,923,115 shares of common stock have been traded in the last five days. There was a gain of $0.59 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 6,594,414 shares traded, while the 50-day average volume stands at 9,247,821.

FSR stock has increased by 9.36% in the last month. The company shares reached their 1-month lowest point of $12.14 on 09/16/21. With the stock rallying to its 52-week high on 03/02/21, shares of the company touched a low of $8.70 and a high of $31.96 in 52 weeks. It has reached a new high 13 times so far this year and lost -1.09% or -$0.10 in price. In spite of this, the price is down -55.19% from the 52-week high.


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Insider Transactions

125 days have passed since Fisker Inc. (FSR) last reported insider trading activity. Fisker Henrik, who is President & CEO, most recently acquired $22,000 shares at $18.70 per share on Jun 11. In this transaction, the insider spent $411,352. President & CEO, Fisker Henrik, disposed of 539,956 shares at a price of $17.79 on Jun 10. The insider now owns more than $9,606,303 worth of shares. Prior to that, 10% Owner Spartan Energy Acquisition Spo went on to Sale 1,250,000 shares at $21.75 each on Mar 16. An amount of $27,191,125 was transacted.

Valuation Metrics

Fisker Inc. (FSR) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.25 for the sector. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 90210.60, the price-to-book (PB) ratio at 3.85.

The quick ratio of Fisker Inc. for the three months ended June 29 was 16.60, and the current ratio was 16.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at -$43.32 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$46.22 million in the quarter, while revenues of -$176.84 million were grew 98.07%. The analyst consensus anticipated Fisker Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$0.16, a 33.30% surprise. For the quarter, EBITDA amounted to -$52.39 million. Shareholders own equity worth $296.1 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Fisker Inc. (FSR) price momentum. RSI 9-day as of the close on 13 October was 57.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.07%.

As of today, FSR’s price is $14.07 +4.19% or $0.59 from its 5-day moving average. FSR is currently trading +15.34% higher than its 20-day SMA and +15.99% higher than its 100-day SMA. However, the stock’s current price level is -1.52% below the SMA50 and -5.86% below the SMA200.

The stochastic %K and %D were 37.56% and 27.14%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 43.72% and the average true range at 0.66, the RSI (14) stands at 53.86%. The stock has reached 0.36 on the 9-day MACD Oscillator while the 14-day reading was at 0.01.

Analyst Ratings

Tudor Pickering Holt & Co. launched coverage on Fisker Inc. (NYSE: FSR) in its analyst report released on September 23, 2021. The firm assigned the stock a a Buy rating.The consensus rating for Fisker Inc. (FSR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell FSR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 5 others rate it as a “buy”.

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

Analysts predict a range of price targets between $10.00 and $40.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for Fisker Inc. (FSR) stock is $22.22.

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