The closing price of Fluence Energy Inc (NASDAQ: FLNC) was $15.11 for the day, down -2.20% from the previous closing price of $15.45. In other words, the price has decreased by -$0.34 from its previous closing price. On the day, 2298719 shares were traded.
Ratios:
Our analysis of FLNC’s different ratios will help us gain a deeper understanding of the company. 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:
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 Mar 04 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. The SVP & Chief Financial Officer now owns 3,300 shares after completing the transaction at $15.20 per share. On Dec 08, another insider, AES CORP, 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 0 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 1.70B. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 4.61. Its current Enterprise Value per Revenue stands at 0.75 whereas that against EBITDA is -20.74.
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 20.54, while the 200-Day Moving Average is calculated to be 22.87.
Shares Statistics:
FLNC traded an average of 2.82M shares per day over the past three months and 4.79M shares per day over the past ten days. A total of 118.90M shares are outstanding, with a floating share count of 70.75M. Insiders hold about 44.27% of the company’s shares, while institutions hold 42.37% stake in the company. Shares short for FLNC as of Feb 15, 2024 were 10.54M with a Short Ratio of 3.73, 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
The firm’s stock currently is rated by 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 $0.14, 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 $0.88, with 19 analysts recommending between $1.35 and $0.22.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 13 analysts. 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.
