Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
Fluence Energy Inc (NASDAQ: FLNC) closed the day trading at $20.38 down -2.11% from the previous closing price of $20.82. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 2.67 million shares were traded. FLNC stock price reached its highest trading level at $20.62 during the session, while it also had its lowest trading level at $19.66.
Ratios:
For a better understanding of FLNC, let’s look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
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 3640540160 and an Enterprise Value of 2520782848. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 6.22. Its current Enterprise Value per Revenue stands at 1.11 whereas that against EBITDA is -30.577.
Stock Price History:
The Beta on a monthly basis for FLNC is 2.51, which has changed by 0.04047978 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. 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. The 50-Day Moving Average of the stock is 25.29%, while the 200-Day Moving Average is calculated to be -1.70%.
Shares Statistics:
Over the past 3-months, FLNC traded about 2.40M shares per day on average, while over the past 10 days, FLNC traded about 1934710 shares per day. A total of 118.90M shares are outstanding, with a floating share count of 72.29M. Insiders hold about 43.14% of the company’s shares, while institutions hold 42.47% stake in the company. Shares short for FLNC as of 1713139200 were 14169756 with a Short Ratio of 5.91, compared to 1710460800 on 12595916. Therefore, it implies a Short% of Shares Outstanding of 14169756 and a Short% of Float of 23.34.
Earnings Estimates
Fluence Energy Inc (FLNC) is currently under the scrutiny of 16.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.11, while EPS last year was -$0.11. The consensus estimate for the next quarter is $0.14, with high estimates of $0.22 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.49 and -$0.04 for the fiscal current year, implying an average EPS of $0.17. EPS for the following year is $0.92, with 20.0 analysts recommending between $1.46 and $0.22.
Revenue Estimates
16 analysts predict $578.76M in revenue for the current quarter. It ranges from a high estimate of $1.05B to a low estimate of $444.74M. As of the current estimate, Fluence Energy Inc’s year-ago sales were $417.57MFor the next quarter, 16 analysts are estimating revenue of $954.79M. There is a high estimate of $1.11B for the next quarter, whereas the lowest estimate is $753.29M.
A total of 22 analysts have provided revenue estimates for FLNC’s current fiscal year. The highest revenue estimate was $3.13B, while the lowest revenue estimate was $2.76B, resulting in an average revenue estimate of $2.97B. In the same quarter a year ago, actual revenue was $2.22BBased on 22 analysts’ estimates, the company’s revenue will be $4.02B in the next fiscal year. The high estimate is $4.23B and the low estimate is $3.21B.
