Fisker Inc. (NYSE:FSR) saw a downside of -0.34% to close Tuesday at $5.93 after subtracting -$0.02 on the day. The 5-day average trading volume is 11,537,960 shares of the company’s common stock. It has gained $6.76 in the past week and touched a new high 2 times within the past 5 days. An average of 11,811,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,014,142.
FSR’s 1-month performance is -15.65% or -$0.07 on its low of $5.51 reached on 08/07/23. The company’s shares have touched a 52-week low of $4.26 and high of $10.95, with the stock’s rally to the 52-week high happening on 01/27/23. YTD, FSR has lost -18.43% or -$1.34 and has reached a new high 6 times. However, the current price is down -45.84% from the 52-week high price.
Insider Transactions
FSR stock investors last saw insider trading activity on Mar 28.Huhnke Burkhard J. (Chief Technology Officer) most recently sold 10,280 shares at $5.93 per share on Mar 28. This transaction cost the insider $60,960. 10% Owner, FIFTHDELTA Ltd, sold 1,529,026 shares at a price of $6.55 on Feb 13. Then, on Feb 10, 10% Owner FIFTHDELTA Ltd sold 713,727 shares at a price of $6.93 per share. This transaction amounted to $4,946,128.
Valuation Metrics
FSR stock has a beta of 1.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4409.67 while the price-to-book (PB) in the most recent quarter is 4.67.
Fisker Inc.’s quick ratio for the period ended June 29 was 2.00, with the current ratio over the same period at 2.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.62, while the total debt to equity was 1.62.. In terms of profitability, the gross margin trailing 12 months is 21.20%. The trailing 12-month EBITDA margin is -151607.31%. The firm’s gross profit as reported stood at -$530.25 million against revenue of $0.34 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -1.25% to -$120.56 million, while revenue of -$170.1 million was -41.09% off the previous quarter. Analysts expected FSR to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.25, representing a 10.70% surprise. EBITDA for the quarter stood at more than -$110.53 million. FSR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.1 billion, with total debt at $713.59 million. Shareholders hold equity totaling $330.25 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 08 August was 45.32% to suggest the stock is trending Neutral, with historical volatility in this time period at 74.35%.
The stock’s 5-day moving average is $6.07, reflecting a -8.06% or -$0.52 change from its current price. FSR is currently trading -12.02% above its 20-day SMA, -3.10% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.74% and SMA200 by-16.24%.
Stochastic %K and %D was 27.71% and 34.79% and the average true range (ATR) pointed at 0.45. The RSI (14) points at 47.37%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.45. The stock’s 9-day MACD Oscillator is pointing at -0.15 and -0.14 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Fisker Inc. (NYSE: FSR), TD Cowen reiterated its an Outperform rating for the company but lifted their price target by $19 to $14. Analysts offering their rating for FSR stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate FSR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 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 $4.00 and a high of $19.00, with their median price target at $6.50. Looking at these predictions, the average price target given by analysts is for Fisker Inc. (FSR) stock is $9.50.
