As of close of business last night, Fluence Energy Inc’s stock clocked out at $15.73, down -2.54% from its previous closing price of $16.14. On the day, 1523480 shares were traded.
Ratios:
To gain a deeper understanding of FLNC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.79 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.13 whereas as Long-Term Debt/Eq ratio is at 0.01.
On February 26, 2024, Susquehanna Upgraded its rating to Positive which previously was Neutral but kept the price unchanged to $24.
JP Morgan Upgraded its Neutral to Overweight on February 23, 2024, while the target price for the stock was maintained at $23.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Nebreda Julian bought 6,700 shares for $14.77 per share. The transaction valued at 98,926 led to the insider holds 55,090 shares of the business.
Pasha Ahmed bought 3,300 shares of FLNC for $50,160 on Mar 04 ’24. The SVP & Chief Financial Officer now owns 3,300 shares after completing the transaction at $15.20 per share. On Dec 08 ’23, another insider, SIEMENS PENSION TRUST E V, who serves as the 10% Owner of the company, sold 7,087,500 shares for $22.05 each. As a result, the insider received 156,279,375 and left with 11,761,131 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 4.80.
Stock Price History:
Over the past 52 weeks, FLNC has reached a high of $31.32, while it has fallen to a 52-week low of $13.03.
Shares Statistics:
A total of 118.90M shares are outstanding, with a floating share count of 70.97M. Insiders hold about 44.18% of the company’s shares, while institutions hold 42.46% stake in the company.
Earnings Estimates
As of right now, FLEX LNG Ltd. analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $15.73, with high estimates of $2.54 and low estimates of $27.88.
Analysts are recommending an EPS of between $Communication Services and $Financial Services for the fiscal current year, implying an average EPS of $Utilities.
