As of Friday close, Fisker Inc.’s (NYSE:FSR) stock was down -$0.5, moving down -7.87 percent to $5.85. The average number of shares traded per day over the past five days has been 15,589,439 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.05 fall in that time frame. In the last twenty days, the average volume was 13,292,785, while in the previous 50 days, it was 9,919,626.
Since last month, FSR stock rose 1.56%. Shares of the company fell to $5.54 on 07/06/23, the lowest level in the past month. A 52-week high of $11.41 was reached on 01/27/23 after having rallying from a 52-week low of $4.26. Since the beginning of this year, FSR’s stock price has dropped by -19.53% or -$1.42, and marked a new high 6 times. However, the stock has declined by -48.73% since its 52-week high.
FSR stock investors should be aware that Fisker Inc. (FSR) stock had its last reported insider trading activity 130 days ago on Mar 28. Huhnke Burkhard J., the Chief Technology Officer of the company, disposed of 10,280 shares for $5.93 on Mar 28. It resulted in a $60,960 divestment by the insider. FIFTHDELTA Ltd sold 1,529,026 shares at an average price of $6.55 on Feb 13. The insider now owns 17,937,500 shares following the transaction. On Feb 10, 10% Owner FIFTHDELTA Ltd sold 713,727 shares at $6.93 apiece. The transaction was valued at $4,946,128.
Valuation Metrics
The stock’s beta is 0.98. Besides these, the trailing price-to-sales (P/S) ratio of 3831.05, the price-to-book (PB) ratio of 4.61.
Financial Health
In the three months ended March 30, Fisker Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, 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 March 30 was 1.62, and the total debt-to-equity ratio was 1.62. On the profitability front, the trailing twelve-month gross margin is 21.20% 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 -104.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FSR’s revenue rose 95.0% to $0.31 million during the quarter, while net income inched up to $0.2 million. While analysts expected Fisker Inc. to report -$0.3 quarterly earnings, the actual figure was -$0.38 per share, beating the consensus estimate by -26.70%. During the quarter, the company generated -$110.53 million in EBITDA. The liabilities of Fisker Inc. were 1.1 billion at the end of its most recent quarter ended March 30, and its total debt was $702.16 million. The value of shareholders’ equity is $330.25 million.
Technical Picture
This quick technical analysis looks at Fisker Inc.’s (FSR) price momentum. With a historical volatility rate of 74.28%, the RSI 9-day stood at 43.20% on 04 August.
With respect to its five-day moving average, the current Fisker Inc. price is down by -0.85% percent or -$0.05. At present, FSR shares trade -2.50% below its 20-day simple moving average and -7.00% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.56% below its SMA50 and -13.46% below its SMA200.
Stochastic coefficient K was 41.35% and Stochastic coefficient D was 46.53%, while ATR was 0.47. Given the Stochastic reading of 17.94% for the 14-day period, the RSI (14) reading has been calculated as 46.12%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at 0.01.
Analyst Ratings
TD Cowen reiterated its an Outperform rating on Fisker Inc. (NYSE: FSR) in a note to investors. The analysts firm has however raised their price target to $14, representing a possible 69.21% increase in the stock price. Fisker Inc. (FSR) has been rated Hold by analysts. According to 4 brokerage firms, FSR is a sell, and 4 firms recommend it is a Hold. There are 0 analysts 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 $6.50, the current consensus forecast for the stock is $4.00 – $18.00. Based on these forecasts, analysts predict Fisker Inc. (FSR) will achieve an average price target of $9.17.
