What Analysts Say about the Fluence Energy Inc. (FLNC) Stock

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Fluence Energy Inc. (NASDAQ:FLNC) saw a downside of -6.06% to $23.40 after subtracting -$1.51 on Tuesday. The 5-day average trading volume is 1,210,232 shares of the company’s common stock. It has gained $24.93 in the past week and touched a new high 3 times within the past 5 days. An average of 1,057,153 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,103,387.

FLNC’s 1-month performance is 26.90% or $6.23 on its low of $15.20 reached on 12/28/22. The company’s shares have touched a 52-week low of $4.96 and high of $24.93, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, FLNC has achieved 45.25% or $6.15 and has reached a new high 9 times. However, the current price is down -6.14% from the 52-week high price.

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Insider Transactions

FLNC stock investors last saw insider trading activity on Sep 14.Fehr Dennis (SVP & Chief Financial Officer) most recently sold 15,576 shares at $18.64 per share on Sep 14. This transaction cost the insider $290,405. SVP & Chief Financial Officer, Fehr Dennis, sold 120,000 shares at a price of $19.32 on Sep 07. Then, on Sep 06, SVP & Chief Financial Officer Fehr Dennis sold 16,211 shares at a price of $18.43 per share. This transaction amounted to $298,814.

Valuation Metrics

Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.36 while the price-to-book (PB) in the most recent quarter is 6.57.

Fluence Energy Inc.’s quick ratio for the period ended September 29 was 0.90, with the current ratio over the same period at 1.40. In terms of profitability, the gross margin trailing 12 months is -0.80%. The firm’s gross profit as reported stood at -$283.52 million against revenue of $1.2 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Fluence Energy Inc.’s cash and short-term investments amounted to $110.36 million against total debt of $2.74 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 100.0% to -$37.15 million, while revenue of -$19.35 million was 47.91% off the previous quarter. Analysts expected FLNC to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.36, representing a -28.60% surprise. EBITDA for the quarter stood at more than -$49.44 million. FLNC stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 1.12 billion, with total debt at $2.74 million. Shareholders hold equity totaling $174.45 million.

Let’s look briefly at Fluence Energy Inc. (FLNC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 64.97% to suggest the stock is trending Neutral, with historical volatility in this time period at 82.63%.

The stock’s 5-day moving average is $22.64, reflecting a +8.68% or $1.86 change from its current price. FLNC is currently trading +30.17% above its 20-day SMA, +23.87% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +74.53% and SMA200 by+91.93%.

Stochastic %K and %D was 91.34% and 87.58% and the average true range (ATR) pointed at 1.76. The RSI (14) points at 63.58%, while the 14-day stochastic is at 82.62% with the period’s ATR at 1.71. The stock’s 9-day MACD Oscillator is pointing at 1.37 and 3.10 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Fluence Energy Inc. (NASDAQ: FLNC), Canaccord Genuity launched coverage with a Buy rating. Analysts offering their rating for FLNC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate FLNC as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 10 have offered a “buy” rating.

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

Analysts have a consensus price target ranging from a low of $14.00 and a high of $32.00, with their median price target at $25.50. Looking at these predictions, the average price target given by analysts is for Fluence Energy Inc. (FLNC) stock is $24.43.

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