As of Wednesday close, Fluence Energy Inc.’s (NASDAQ:FLNC) stock was down -$1.67, moving down -6.86 percent to $22.67. The average number of shares traded per day over the past five days has been 1,927,600 shares. 1 time new highs have been achieved over the past 5 days, with a -$5.07 fall in that time frame. In the last twenty days, the average volume was 1,214,590, while in the previous 50 days, it was 1,329,704.
Since last month, FLNC stock retreated -27.18%. Shares of the company fell to $22.65 on 08/16/23, the lowest level in the past month. A 52-week high of $31.32 was reached on 07/19/23 after having rallying from a 52-week low of $11.90. Since the beginning of this year, FLNC’s stock price has risen by 32.19% or $5.52, and marked a new high 18 times. However, the stock has declined by -27.62% since its 52-week high.
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FLNC stock investors should be aware that Fluence Energy Inc. (FLNC) stock had its last reported insider trading activity 87 days ago on May 22. Couch Carolee, the SVP & Chief SC & Manu. Officer of the company, disposed of 50,000 shares for $22.78 on May 22. It resulted in a $1,139,135 divestment by the insider. Boll Rebecca sold 71,158 shares at an average price of $19.62 on Mar 03. The insider now owns 30,395 shares following the transaction. On Mar 02, SVP & Chief Product Officer Boll Rebecca sold 19,706 shares at $19.23 apiece. The transaction was valued at $378,958.
Valuation Metrics
The stock’s beta is 2.62. Besides these, the trailing price-to-sales (P/S) ratio of 2.45, the price-to-book (PB) ratio of 6.79.
Financial Health
In the three months ended March 30, Fluence Energy Inc.’s quick ratio stood at 0.90, while its current ratio was 1.50, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 3.40% percent. In the year ended March 30, EBITDA margin amounted to -18.81%, whereas operating margins totaled -9.80%. Based on annual data, FLNC earned -$283.52 million in gross profit and brought in $1.2 billion 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 -66.40%. Return on equity (ROE) for the past 12 months was -26.60%.
In Fluence Energy Inc.’s quarter-end financial report for March 30, it reported total debt of $49.51 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FLNC’s revenue rose 55.39% to $698.19 million during the quarter, while net income inched up to $535.82 million. While analysts expected Fluence Energy Inc. to report -$0.21 quarterly earnings, the actual figure was -$0.13 per share, beating the consensus estimate by 38.10%. During the quarter, the company generated -$35.97 million in EBITDA. The liabilities of Fluence Energy Inc. were 1.02 billion at the end of its most recent quarter ended March 30, and its total debt was $53.0 million. The value of shareholders’ equity is $177.09 million.
Technical Picture
This quick technical analysis looks at Fluence Energy Inc.’s (FLNC) price momentum. With a historical volatility rate of 45.67%, the RSI 9-day stood at 23.68% on 16 August.
With respect to its five-day moving average, the current Fluence Energy Inc. price is down by -18.28% percent or -$5.07. At present, FLNC shares trade -24.83% below its 20-day simple moving average and +41.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.85% below its SMA50 and +56.45% above its SMA200.
Stochastic coefficient K was 9.90% and Stochastic coefficient D was 13.06%, while ATR was 1.91. Given the Stochastic reading of 0.27% for the 14-day period, the RSI (14) reading has been calculated as 32.18%. As of today, the MACD Oscillator reading stands at -2.18, while the 14-day reading stands at -3.04.
Analyst Ratings
ROTH MKM launched its rating on Fluence Energy Inc. (NASDAQ: FLNC) to a Neutral in a note to investors on July 25, 2023. Fluence Energy Inc. (FLNC) has been rated Overweight by analysts. According to 0 brokerage firms, FLNC is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Fluence Energy Inc. stock as buy, with 13 recommending it as overweight.
With a median target price of $31.50, the current consensus forecast for the stock is $24.00 – $44.00. Based on these forecasts, analysts predict Fluence Energy Inc. (FLNC) will achieve an average price target of $31.95.
