After finishing at $17.42 in the prior trading day, Fluence Energy Inc (NASDAQ: FLNC) closed at $15.70, down -9.87%. In other words, the price has decreased by -$1.72 from its previous closing price. On the day, 2570184 shares were traded.
Ratios:
Our goal is to gain a better understanding of FLNC by taking a closer 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 2.00B and an Enterprise Value of 1.73B. 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 4.79. Its current Enterprise Value per Revenue stands at 0.76 whereas that against EBITDA is -21.14.
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. The 50-Day Moving Average of the stock is 17.49, while the 200-Day Moving Average is calculated to be 21.91.
Shares Statistics:
The stock has traded on average 2.45M shares per day over the past 3-months and 1.85M shares per day over the last 10 days, according to various share 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 42.49% stake in the company. Shares short for FLNC as of Mar 15, 2024 were 12.6M with a Short Ratio of 5.14, compared to 10.54M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.91% and a Short% of Float of 20.75%.
Earnings Estimates
Its stock is currently analyzed by 14 different market 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 $0.49 and -$0.04 for the fiscal current year, implying an average EPS of $0.16. EPS for the following year is $0.94, with 18 analysts recommending between $1.56 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 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 $2.98B. In the same quarter a year ago, actual revenue was $2.22B, up 34.40% from the average estimate. Based on 21 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. The average revenue growth estimate for next year is up 35.00% from the average revenue estimate for this year.
