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The closing price of Fluence Energy Inc (NASDAQ: FLNC) was $14.13 for the day, down -3.68% from the previous closing price of $14.67. In other words, the price has decreased by -$3.68 from its previous closing price. On the day, 2.25 million shares were traded. FLNC stock price reached its highest trading level at $14.475 during the session, while it also had its lowest trading level at $12.74.
Ratios:
Our analysis of FLNC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.21. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.36. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on July 12, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $21.
On July 10, 2024, Truist started tracking the stock assigning a Buy rating and target price of $25.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 12 ’24 when Zahurancik John sold 25,000 shares for $24.22 per share. The transaction valued at 605,500 led to the insider holds 96,005 shares of the business.
Nebreda Julian bought 6,700 shares of FLNC for $98,926 on Mar 04 ’24. The President and CEO now owns 55,090 shares after completing the transaction at $14.77 per share. On Mar 04 ’24, another insider, Pasha Ahmed, who serves as the SVP & Chief Financial Officer of the company, bought 3,300 shares for $15.20 each. As a result, the insider paid 50,160 and bolstered with 3,300 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FLNC now has a Market Capitalization of 2534865408 and an Enterprise Value of 1572010240. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.82 while its Price-to-Book (P/B) ratio in mrq is 4.36. Its current Enterprise Value per Revenue stands at 0.716 whereas that against EBITDA is -25.453.
Stock Price History:
Over the past 52 weeks, FLNC has reached a high of $30.19, while it has fallen to a 52-week low of $13.03. The 50-Day Moving Average of the stock is -26.27%, while the 200-Day Moving Average is calculated to be -25.89%.
Shares Statistics:
FLNC traded an average of 2.71M shares per day over the past three months and 1858130 shares per day over the past ten days. A total of 118.90M shares are outstanding, with a floating share count of 73.04M. Insiders hold about 42.89% of the company’s shares, while institutions hold 50.40% stake in the company. Shares short for FLNC as of 1721001600 were 10777211 with a Short Ratio of 3.98, compared to 1718323200 on 10445399. Therefore, it implies a Short% of Shares Outstanding of 10777211 and a Short% of Float of 17.53.
