Fisker Inc (NYSE:FSR) finished Thursday with an addition of $0.37 to close at $6.40, an upside of 6.14 percent. An average of 11,809,660 shares of common stock have been traded in the last five days. There was a gain of $0.42 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 7,575,035 shares traded, while the 50-day average volume stands at 7,989,210.
FSR stock has increased by 6.84% in the last month. The company shares reached their 1-month lowest point of $5.25 on 09/25/23. With the stock rallying to its 52-week high on 01/27/23, shares of the company touched a low of $4.26 and a high of $8.85 in 52 weeks. It has reached a new high 6 times so far this year and lost -11.97% or -$0.87 in price. In spite of this, the price is down -27.68% from the 52-week high.
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Insider Transactions
FSR stock investors should be aware that Fisker Inc (FSR) stock had its last reported insider trading activity 185 days ago on Mar 28. In this transaction, the insider spent $60,960. 10% Owner, FIFTHDELTA Ltd, disposed of 1,529,026 shares at a price of $6.55 on Feb 13. The insider now owns more than $10,015,120 worth of shares. Prior to that, 10% Owner FIFTHDELTA Ltd went on to Sale 713,727 shares at $6.93 each on Feb 10. An amount of $4,946,128 was transacted.
Valuation Metrics
Fisker Inc (FSR) stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1639.12, the price-to-book (PB) ratio at 5.17.
Financial Health
The quick ratio of Fisker Inc for the three months ended June 29 was 1.05, and the current ratio was 1.44, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.66 and a total debt to equity ratio of 1.68 for the quarter ending June 29. Fisker Inc’s EBITDA margin for the year ending June 29 is -151607.31%, while its operating margin for the same period stands at -39308.27%. Its gross profit as reported stood at -$530.25 million compared to revenue of $0.34 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$82.61 million in the quarter, while revenues were shrunk -28.29%. The analyst consensus anticipated Fisker Inc’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.25, a 10.70% surprise. For the quarter, EBITDA amounted to -$68.75 million. Shareholders own equity worth $343.19 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fisker Inc (FSR) price momentum. RSI 9-day as of the close on 28 September was 57.80%, suggesting the stock is Neutral, with historical volatility in this time frame at 92.08%.
As of today, FSR’s price is $5.84 +7.02% or $0.42 from its 5-day moving average. FSR is currently trading +10.54% higher than its 20-day SMA and +2.89% higher than its 100-day SMA. However, the stock’s current price level is -4.90% below the SMA50 and -11.85% below the SMA200.
The stochastic %K and %D were 46.30% and 30.33%, respectively, and the average true range (ATR) was 0.46. With the 14-day stochastic at 63.89% and the average true range at 0.42, the RSI (14) stands at 55.63%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.14.
Analyst Ratings
The consensus rating for Fisker Inc (FSR) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell FSR, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.
What is FSR’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $19.00, with a median target of $8.00. Taking a look at these predictions, the average price target given by analysts for Fisker Inc (FSR) stock is $9.28.
