Looking To Buy Fisker Inc. (FSR)? Read This First

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Fisker Inc. (NYSE:FSR) saw an upside of 7.81% to close Monday at $7.32 after adding $0.53 on the day. The 5-day average trading volume is 5,423,520 shares of the company’s common stock. It has gained $7.65 in the past week and touched a new high 2 times within the past 5 days. An average of 4,933,975 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,075,962.

FSR’s 1-month performance is 1.95% or $0.13 on its low of $6.51 reached on 01/19/23. The company’s shares have touched a 52-week low of $6.41 and high of $14.74, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, FSR has achieved 0.69% or $0.05 and has reached a new high 5 times. However, the current price is down -50.34% from the 52-week high price.

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Insider Transactions

FSR stock investors last saw insider trading activity on Dec 05.Huhnke Burkhard J. (Chief Technology Officer) most recently sold 7,500 shares at $10.30 per share on Mar 14. This transaction cost the insider $77,250. Chief Technology Officer, Huhnke Burkhard J., sold 6,639 shares at a price of $11.00 on Mar 09. Then, on Mar 09, Chief Accounting Officer Finnucan John C IV sold 3,548 shares at a price of $11.00 per share. This transaction amounted to $39,024.

Valuation Metrics

FSR stock has a beta of 1.08. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 28953.93 while the price-to-book (PB) in the most recent quarter is 3.75.

Fisker Inc.’s quick ratio for the period ended September 29 was 7.00, with the current ratio over the same period at 7.00. As well, the company’s long term debt to equity for the quarter ending September 29 was 1.12, while the total debt to equity was 1.12. The firm’s gross profit as reported stood at -$329.25 million against revenue of $0.11 million.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.45% to -$149.34 million, while revenue of -$105.98 million was 29.03% off the previous quarter. Analysts expected FSR to announce -$0.43 per share in earnings in its latest quarter, but it posted -$0.49, representing a -14.00% surprise. EBITDA for the quarter stood at more than -$137.92 million. FSR stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 821.37 million, with total debt at $689.51 million. Shareholders hold equity totaling $311.91 million.

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 23 January was 52.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 90.20%.

The stock’s 5-day moving average is $7.04, reflecting a +0.69% or $0.05 change from its current price. FSR is currently trading -3.17% above its 20-day SMA, -18.85% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.39% and SMA200 by-47.38%.

Stochastic %K and %D was 23.87% and 23.53% and the average true range (ATR) pointed at 0.47. The RSI (14) points at 51.06%, while the 14-day stochastic is at 47.93% with the period’s ATR at 0.47. The stock’s 9-day MACD Oscillator is pointing at -0.42 and -0.34 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fisker Inc. (NYSE: FSR), Evercore ISI launched coverage with an Outperform 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 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 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 $8.00 and a high of $21.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for Fisker Inc. (FSR) stock is $13.11.

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