Fisker Inc. (FSR): A Technical View


As of Friday close, Fisker Inc.’s (NYSE:FSR) stock was down -$0.04, moving down -0.66 percent to $5.98. The average number of shares traded per day over the past five days has been 5,887,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.19 fall in that time frame. In the last twenty days, the average volume was 8,992,340, while in the previous 50 days, it was 7,481,510.

Since last month, FSR stock retreated -15.18%. Shares of the company fell to $5.59 on 02/24/23, the lowest level in the past month. A 52-week high of $14.74 was reached on 01/27/23 after having rallying from a 52-week low of $5.59. Since the beginning of this year, FSR’s stock price has dropped by -17.74% or -$1.29, and marked a new high 6 times. However, the stock has declined by -59.43% since its 52-week high.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


FSR stock investors should be aware that Fisker Inc. (FSR) stock had its last reported insider trading activity 103 days ago on Dec 05. Fisker Henrik, the President & CEO of the company, purchased of 33,700 shares for $7.42 on Dec 05. It resulted in a $249,976 investment by the insider. Greuel Wendy J. added 1,355 shares at an average price of $7.28 on Dec 05. The insider now owns 1,355 shares following the transaction. On Dec 05, Chief Accounting Officer Finnucan John C IV bought 450 shares at $7.31 apiece. The transaction was valued at $3,290.

Valuation Metrics

The stock’s beta is 1.09. Besides these, the trailing price-to-sales (P/S) ratio of 6782.12, the price-to-book (PB) ratio of 3.91.

Financial Health

In the three months ended September 29, Fisker Inc.’s quick ratio stood at 2.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.38, and the total debt-to-equity ratio was 1.38. On the profitability front, the trailing twelve-month gross margin is 23.10% percent. Based on annual data, FSR earned -$530.25 million in gross profit and brought in $0.34 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -46.50%. Return on equity (ROE) for the past 12 months was -92.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSR’s revenue rose 87.1% during the quarter, while net income inched up to $0.31 million. While analysts expected Fisker Inc. to report -$0.43 quarterly earnings, the actual figure was -$0.49 per share, beating the consensus estimate by -14.00%. During the quarter, the company generated -$170.23 million in EBITDA. The liabilities of Fisker Inc. were 1.03 billion at the end of its most recent quarter ended September 29, and its total debt was $689.51 million. The value of shareholders’ equity is $320.01 million.

Technical Picture

This quick technical analysis looks at Fisker Inc.’s (FSR) price momentum. With a historical volatility rate of 44.89%, the RSI 9-day stood at 33.64% on 17 March.

With respect to its five-day moving average, the current Fisker Inc. price is down by -3.08% percent or -$0.19. At present, FSR shares trade -14.20% below its 20-day simple moving average and -20.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -17.52% below its SMA50 and -42.39% below its SMA200.

Stochastic coefficient K was 13.57% and Stochastic coefficient D was 19.26%, while ATR was 0.45. Given the Stochastic reading of 9.62% for the 14-day period, the RSI (14) reading has been calculated as 38.83%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.70.

Analyst Ratings

Fisker Inc. (FSR) has been rated Hold by analysts. According to 2 brokerage firms, FSR is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Fisker Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $4.00 – $21.00. Based on these forecasts, analysts predict Fisker Inc. (FSR) will achieve an average price target of $11.93.


Please enter your comment!
Please enter your name here