Is Fluence Energy Inc. (FLNC) Price Targeted To Increase?

As of Friday close, Fluence Energy Inc.’s (NASDAQ:FLNC) stock was up $0.99, moving up 15.69 percent to $7.30. The average number of shares traded per day over the past five days has been 3,088,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.09 fall in that time frame. In the last twenty days, the average volume was 1,740,975, while in the previous 50 days, it was 1,669,612.

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Since last month, FLNC stock retreated -31.58%. Shares of the company fell to $4.96 on 05/12/22, the lowest level in the past month. Since the beginning of this year, FLNC’s stock price has dropped by -79.47% or -$28.26, and marked a new high 1 time. However, the stock has declined by -81.47% since its 52-week high.

Fluence Energy Inc. (FLNC) last reported insider trading activity 85 days ago on Feb 18. BULLS HERMAN E, the Director of the company, purchased of 10,000 shares for $12.54 on Feb 18. It resulted in a $125,357 investment by the insider. Dubuc Manuel Perez added 10,000 shares at an average price of $13.10 on Feb 17. The insider now owns 30,000 shares following the transaction. On Feb 17, SVP and Chief Product Officer Boll Rebecca bought 1,438 shares at $14.42 apiece. The transaction was valued at $20,736.

Financial Health

In the three months ended September 29, Fluence Energy Inc.’s quick ratio stood at 1.30, while its current ratio was 2.00, showing that the company is able to pay off its debt. Based on annual data, FLNC earned -$158.47 million in gross profit and brought in $680.77 million in revenue.

While analysts expected Fluence Energy Inc. to report -$0.26 quarterly earnings, the actual figure was -$0.13 per share. During the quarter, the company generated -$108.03 million in EBITDA. The liabilities of Fluence Energy Inc. were 704.55 million at the end of its most recent quarter ended September 29, and its total debt was $100.0 million. The value of shareholders’ equity is $171.32 million.

Technical Picture

This quick technical analysis looks at Fluence Energy Inc.’s (FLNC) price momentum. With a historical volatility rate of 165.54%, the RSI 9-day stood at 35.42% on 13 May.

With respect to its five-day moving average, the current Fluence Energy Inc. price is down by -29.74% percent or -$3.09. At present, FLNC shares trade -27.51% below its 20-day simple moving average and -75.43% percent below its 100-day simple moving average. However, the stock is currently trading approximately -32.22% below its SMA50.

Stochastic coefficient K was 21.00% and Stochastic coefficient D was 14.77%, while ATR was 1.22. Given the Stochastic reading of 39.29% for the 14-day period, the RSI (14) reading has been calculated as 36.21%. As of today, the MACD Oscillator reading stands at -1.87, while the 14-day reading stands at -2.02.

Analyst Ratings

Fluence Energy Inc. downgraded its rating on Fluence Energy Inc. (NASDAQ: FLNC) to a Neutral in a note to investors on May 13, 2022. The analysts firm previously had a Buy rating on the stock.


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