As of Thursday close, Fluence Energy Inc.’s (NASDAQ:FLNC) stock was down -$1.46, moving down -6.16 percent to $22.23. The average number of shares traded per day over the past five days has been 959,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.21 fall in that time frame. In the last twenty days, the average volume was 999,215, while in the previous 50 days, it was 1,173,444.
Since last month, FLNC stock retreated -4.02%. Shares of the company fell to $22.15 on 09/21/23, 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 29.62% or $5.08, and marked a new high 18 times. However, the stock has declined by -29.02% since its 52-week high.
FLNC stock investors should be aware that Fluence Energy Inc. (FLNC) stock had its last reported insider trading activity 123 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 2.61. Besides these, the trailing price-to-sales (P/S) ratio of 2.00, the price-to-book (PB) ratio of 6.66.
Financial Health
In the three months ended June 29, 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. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.13, and the total debt-to-equity ratio was 0.13. On the profitability front, the trailing twelve-month gross margin is 4.00% percent. In the year ended June 29, EBITDA margin amounted to -18.81%, whereas operating margins totaled -8.30%. 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 June 29, 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 -$0.16 quarterly earnings, the actual figure was -$0.2 per share, beating the consensus estimate by -25.00%. 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 June 29, 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 33.18%, the RSI 9-day stood at 24.90% on 21 September.
With respect to its five-day moving average, the current Fluence Energy Inc. price is down by -12.62% percent or -$3.21. At present, FLNC shares trade -7.03% below its 20-day simple moving average and +23.09% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.42% below its SMA50 and +31.38% above its SMA200.
Stochastic coefficient K was 1.43% and Stochastic coefficient D was 9.80%, while ATR was 1.28. Given the Stochastic reading of 1.34% for the 14-day period, the RSI (14) reading has been calculated as 33.36%. As of today, the MACD Oscillator reading stands at -1.30, while the 14-day reading stands at -2.11.
Analyst Ratings
Barclays launched its rating on Fluence Energy Inc. (NASDAQ: FLNC) to an Overweight in a note to investors on August 30, 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 2 analysts rate Fluence Energy Inc. stock as buy, with 12 recommending it as overweight.
With a median target price of $32.00, the current consensus forecast for the stock is $24.00 – $59.00. Based on these forecasts, analysts predict Fluence Energy Inc. (FLNC) will achieve an average price target of $33.45.
