Fluence Energy Inc. (NASDAQ:FLNC) finished Thursday with a subtraction of -$1.72 to close at $26.02, a downside of -6.20 percent. An average of 1,702,420 shares of common stock have been traded in the last five days. There was a fall of -$2.34 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 1,146,635 shares traded, while the 50-day average volume stands at 1,327,086.
FLNC stock has decreased by -4.51% in the last month. The company shares reached their 1-month lowest point of $24.57 on 07/11/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $11.90 and a high of $31.32 in 52 weeks. It has reached a new high 18 times so far this year and achieved 51.72% or $8.87 in price. In spite of this, the price is down -16.92% from the 52-week high.
Insider Transactions
FLNC stock investors should be aware that Fluence Energy Inc. (FLNC) stock had its last reported insider trading activity 81 days ago on May 22. In this transaction, the insider spent $1,139,135. SVP & Chief Product Officer, Boll Rebecca, disposed of 71,158 shares at a price of $19.62 on Mar 03. The insider now owns more than $1,396,319 worth of shares. Prior to that, SVP & Chief Product Officer Boll Rebecca went on to Sale 19,706 shares at $19.23 each on Mar 02. An amount of $378,958 was transacted.
Valuation Metrics
Fluence Energy Inc. (FLNC) stock’s beta is 2.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.70, the price-to-book (PB) ratio at 7.50.
Financial Health
The quick ratio of Fluence Energy Inc. for the three months ended March 30 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending March 30. Fluence Energy Inc.’s EBITDA margin for the year ending March 30 is -18.81%, while its operating margin for the same period stands at -11.30%. Its gross profit as reported stood at -$283.52 million compared to revenue of $1.2 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Fluence Energy Inc.’s return on assets was -5.60%.
Earnings Surprise
For the three-month period that ended March 30, Fluence Energy Inc. had $70.02 million in cash and short-term investments compared to $21.6 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$24.86 million in the quarter, while revenues of -$24.64 million were grew 22.81%. The analyst consensus anticipated Fluence Energy Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.21, a 0.00% surprise. For the quarter, EBITDA amounted to -$33.69 million. At the end of the quarter ending March 30, Fluence Energy Inc.’s stock balance sheet showed total liabilities of 1.38 billion. Shareholders own equity worth $175.52 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fluence Energy Inc. (FLNC) price momentum. RSI 9-day as of the close on 10 August was 36.68%, suggesting the stock is Neutral, with historical volatility in this time frame at 61.31%.
As of today, FLNC’s price is $27.39 -8.25% or -$2.34 from its 5-day moving average. FLNC is currently trading -9.12% lower than its 20-day SMA and +70.51% higher than its 100-day SMA. However, the stock’s current price level is +6.20% above the SMA50 and +103.92% above the SMA200.
The stochastic %K and %D were 31.74% and 31.13%, respectively, and the average true range (ATR) was 1.92. With the 14-day stochastic at 16.60% and the average true range at 1.80, the RSI (14) stands at 43.04%. The stock has reached -0.76 on the 9-day MACD Oscillator while the 14-day reading was at -0.78.
Analyst Ratings
ROTH MKM launched coverage on Fluence Energy Inc. (NASDAQ: FLNC) in its analyst report released on July 25, 2023. The firm assigned the stock a Neutral rating. The consensus rating for Fluence Energy Inc. (FLNC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FLNC, while 9 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 13 others rate it as a “buy”.
What is FLNC’s price target for the next 12 months?
Analysts predict a range of price targets between $24.00 and $40.00, with a median target of $31.50. Taking a look at these predictions, the average price target given by analysts for Fluence Energy Inc. (FLNC) stock is $32.09.
