The stock of Fisker Inc. (NYSE:FSR) decreased by $0.0 on Monday to finish at $5.81, down 0.00 percent. The last five days have seen an average of 4,696,580 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$1.46. The average number of shares traded over the last 20 days was 7,410,550, while the average volume over the last 50 days totaled 9,223,576.
FSR stock dropped -1.53% since last month. On 08/17/23, the company’s shares reached a one-month low of $5.33. The stock touched a high of $10.02 on 01/27/23, after rallying from a low of $4.26 in 52 weeks. The price of FSR stock has declined by -20.08% or -$1.46 this year, reaching a new high 6 times. Still, the stock price is down -42.04% from the 52-week high.
Insider Transactions
FSR stock investors should be aware that Fisker Inc. (FSR) stock had its last reported insider trading activity 154 days ago on Mar 28. On Mar 28, Chief Technology Officer Huhnke Burkhard J. sold 10,280 shares at $5.93 each. This transaction resulted in the insider making $60,960. On Feb 13, FIFTHDELTA Ltd sold 1,529,026 shares at a price of US$6.55. After the transaction, the insider now owns 17,937,500 shares. 10% Owner FIFTHDELTA Ltd had earlier sold 713,727 shares on Feb 10 for $6.93 a share. The transaction was completed for $4,946,128.
Valuation Metrics
Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1533.75, the price-to-book (PB) ratio of 4.61.
Financial Health
For the three months ended June 29, Fisker Inc.’s quick ratio was 1.10, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.56, and the total debt to equity ratio is 1.56. As far as profitability goes, gross margin for the trailing twelve months is 13.00% percent. Based on annual data, it had gross profit of -$530.25 million and revenue of $0.34 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FSR’s return on assets (ROA) during the last 12 months has been -33.90%. There was a -46.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -109.80%.
Earnings Surprise
According to Fisker Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.83 million, while revenues rose by 98.8% to $0.2 million. It was predicted that Fisker Inc.’s quarterly earnings would be -$0.25, but it ended up being -$0.28, beating the consensus by 10.70%. EBITDA was -$68.75 million for the quarter. At the end of Fisker Inc.’s most recent quarter ended June 29, its liabilities totaled 1.31 billion, while its total debt was $713.59 million. Equity owned by shareholders amounts to $343.19 million.
Technical Picture
Here’s a quick look at Fisker Inc.’s (FSR) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 51.59%, suggesting the stock is Neutral, with a 38.74% historical volatility rate.
The stochastic %K and %D were 67.61% and 58.04% respectively, while the average true range (ATR) was 0.28. Based on the 14-day stochastic reading of 67.61%, the RSI (14) reading is 49.33%. On the 9-day MACD Oscillator, the stock is at 0.12, and the 14-day reading is at 0.13.
Analyst Ratings
In a note to investors, TD Cowen maintained its an Outperform rating on Fisker Inc. (NYSE: FSR). However, the firm raised their price target to $14, indicating a possible increase of 69.42% in the stock price. Analysts have assigned Fisker Inc. (FSR) an Hold rating. FSR is a stock that is recommended for selling by 4 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is FSR’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.00 and $19.00, with a median target price of $6.00. In analyzing these forecasts, the average price target given by analysts for Fisker Inc. (FSR) is $9.06.
