Fisker Inc. (FSR): Find Out What Insiders Are Doing


Fisker Inc. (NYSE:FSR) finished Thursday with an addition of $0.28 to close at $7.00, an upside of 4.17 percent. An average of 4,677,740 shares of common stock have been traded in the last five days. There was a fall of -$0.56 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 5,045,725 shares traded, while the 50-day average volume stands at 4,911,486.

FSR stock has decreased by -3.45% in the last month. The company shares reached their 1-month lowest point of $6.60 on 12/28/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $6.41 and a high of $18.20 in 52 weeks. It has reached a new high 3 times so far this year and lost -55.50% or -$8.73 in price. In spite of this, the price is down -61.54% from the 52-week high.

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Insider Transactions

FSR stock investors should be aware that Fisker Inc. (FSR) stock had its last reported insider trading activity 291 days ago on Dec 05. 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.

Valuation Metrics

Fisker Inc. (FSR) stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 28473.64, the price-to-book (PB) ratio at 3.59.

Financial Health

The quick ratio of Fisker Inc. for the three months ended June 29 was 7.00, and the current ratio was 7.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.12 and a total debt to equity ratio of 1.12 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 -35.10%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$149.34 million in the quarter, while revenues were grew 26.45%. 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 -$137.92 million. Shareholders own equity worth $311.91 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 29 December was 45.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.89%.

As of today, FSR’s price is $6.98 -7.41% or -$0.56 from its 5-day moving average. FSR is currently trading -9.56% lower than its 20-day SMA and -31.91% lower than its 100-day SMA. However, the stock’s current price level is -0.57% below the SMA50 and -34.27% below the SMA200.

The stochastic %K and %D were 15.32% and 21.44%, respectively, and the average true range (ATR) was 0.42. With the 14-day stochastic at 28.99% and the average true range at 0.44, the RSI (14) stands at 45.19%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.28.

Analyst Ratings

Evercore ISI launched coverage on Fisker Inc. (NYSE: FSR) in its analyst report released on November 30, 2022. The firm assigned the stock an Outperform rating.


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