Fluence Energy Inc (NASDAQ: FLNC) closed the day trading at $15.40 up 1.25% from the previous closing price of $15.21. In other words, the price has increased by $+0.19 from its previous closing price. On the day, 2181869 shares were traded. FLNC stock price reached its highest trading level at $16.13 during the session, while it also had its lowest trading level at $14.95.
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 23, 2024, JP Morgan Upgraded its rating to Overweight which previously was Neutral but kept the price unchanged to $23.
ROTH MKM Upgraded its Neutral to Buy on December 04, 2023, whereas the target price for the stock was revised from $27 to $31.
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 1.96B and an Enterprise Value of 1.69B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 4.70. Its current Enterprise Value per Revenue stands at 0.74 whereas that against EBITDA is -20.67.
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 $13.41. The 50-Day Moving Average of the stock is 19.53, while the 200-Day Moving Average is calculated to be 22.68.
Shares Statistics:
Over the past 3-months, FLNC traded about 2.66M shares per day on average, while over the past 10 days, FLNC traded about 2.65M shares per day. A total of 118.90M shares are outstanding, with a floating share count of 70.74M. Insiders hold about 44.28% of the company’s shares, while institutions hold 42.35% stake in the company. Shares short for FLNC as of Feb 15, 2024 were 10.54M with a Short Ratio of 3.96, compared to 7.43M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 8.29% and a Short% of Float of 17.36%.
Earnings Estimates
Current recommendations for the stock of the company come from 14 analysts. On average, analysts expect EPS of -$0.06 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 $0.13, with high estimates of $0.22 and low estimates of $0.04.
Analysts are recommending an EPS of between $0.29 and -$0.04 for the fiscal current year, implying an average EPS of $0.14. EPS for the following year is $0.9, with 18 analysts recommending between $1.35 and $0.22.
Revenue Estimates
13 analysts predict $594.34M 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 $417.57M, an estimated increase of 42.30% from the year-ago figure.
A total of 21 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 $2.99B. In the same quarter a year ago, actual revenue was $2.22B, up 34.80% from the average estimate. Based on 20 analysts’ estimates, the company’s revenue will be $4.06B in the next fiscal year. The high estimate is $4.23B and the low estimate is $3.69B. The average revenue growth estimate for next year is up 35.80% from the average revenue estimate for this year.
