Fisker Inc. (NYSE:FSR) finished Thursday with a subtraction of -$0.3 to close at $7.95, a downside of -3.64 percent. An average of 7,985,300 shares of common stock have been traded in the last five days. There was a fall of -$1.20 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 6,062,250 shares traded, while the 50-day average volume stands at 5,750,514.
FSR stock has decreased by -6.80% in the last month. The company shares reached their 1-month lowest point of $7.90 on 09/22/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $7.95 and a high of $23.75 in 52 weeks. It has reached a new high 3 times so far this year and lost -49.46% or -$7.78 in price. In spite of this, the price is down -66.53% from the 52-week high.
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193 days have passed since Fisker Inc. (FSR) last reported insider trading activity. Huhnke Burkhard J., who is Chief Technology Officer, most recently acquired $7,500 shares at $10.30 per share on Mar 14. In this transaction, the insider spent $77,250. Chief Technology Officer, Huhnke Burkhard J., disposed of 6,639 shares at a price of $11.00 on Mar 09. The insider now owns more than $73,009 worth of shares. Prior to that, Chief Accounting Officer Finnucan John C IV went on to Sale 3,548 shares at $11.00 each on Mar 09. An amount of $39,024 was transacted.
Fisker Inc. (FSR) stock’s beta is 1.08. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 25317.44, the price-to-book (PB) ratio at 3.92.
The quick ratio of Fisker Inc. for the three months ended June 29 was 10.50, and the current ratio was 10.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.09 and a total debt to equity ratio of 0.00 for the quarter ending June 29. Its gross profit as reported stood at -$329.25 million compared to revenue of $0.11 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fisker Inc.’s return on assets was -31.00%.
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$105.98 million in the quarter, while revenues were grew 56.39%. The analyst consensus anticipated Fisker Inc.’s latest quarter earnings to come in at -$0.41 per share, but it turned out to be -$0.36, a 12.20% surprise. For the quarter, EBITDA amounted to -$86.91 million. Shareholders own equity worth $298.7 million.
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 22 September was 28.75%, suggesting the stock is oversold, with historical volatility in this time frame at 46.15%.
As of today, FSR’s price is $8.42 -13.11% or -$1.20 from its 5-day moving average. FSR is currently trading -7.02% lower than its 20-day SMA and -20.97% lower than its 100-day SMA. However, the stock’s current price level is -11.57% below the SMA50 and -53.99% below the SMA200.
The stochastic %K and %D were 7.64% and 17.57%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 2.35% and the average true range at 0.49, the RSI (14) stands at 34.75%. The stock has reached -0.52 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.
Needham launched coverage on Fisker Inc. (NYSE: FSR) in its analyst report released on September 15, 2022. The firm assigned the stock a Buy rating.