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The closing price of Fluence Energy Inc (NASDAQ: FLNC) was $21.16 for the day, down -3.77% from the previous closing price of $21.99. In other words, the price has decreased by -$3.77 from its previous closing price. On the day, 1.4 million shares were traded. FLNC stock price reached its highest trading level at $22.6 during the session, while it also had its lowest trading level at $20.87.
Ratios:
Our analysis of FLNC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.52 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.13. For the most recent quarter (mrq), Quick Ratio is recorded 0.78 and its Current Ratio is at 1.34. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Citigroup on October 01, 2024, Downgraded its rating to Neutral and sets its target price to $24 from $32 previously.
On September 04, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $26.
Guggenheim Upgraded its Neutral to Buy on August 09, 2024, while the target price for the stock was maintained at $26.
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 Aug 13 ’24 when BULLS HERMAN E bought 10,000 shares for $16.81 per share. The transaction valued at 168,140 led to the insider holds 65,861 shares of the business.
Zahurancik John sold 25,000 shares of FLNC for $605,500 on Jun 12 ’24. The SVP and President, Americas now owns 96,005 shares after completing the transaction at $24.22 per share. On Mar 04 ’24, another insider, Pasha Ahmed, who serves as the SVP & Chief Financial Officer of the company, bought 3,300 shares for $15.20 each. As a result, the insider paid 50,160 and bolstered with 3,300 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 3968981248 and an Enterprise Value of 2519049472. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 6.48. Its current Enterprise Value per Revenue stands at 1.175 whereas that against EBITDA is -146.371.
Stock Price History:
The Beta on a monthly basis for FLNC is 2.54, which has changed by -0.02179718 over the last 52 weeks, in comparison to a change of 0.3069358 over the same period for the S&P500. Over the past 52 weeks, FLNC has reached a high of $27.80, while it has fallen to a 52-week low of $12.74. The 50-Day Moving Average of the stock is 12.23%, while the 200-Day Moving Average is calculated to be 12.30%.
Shares Statistics:
FLNC traded an average of 2.02M shares per day over the past three months and 1631230 shares per day over the past ten days. A total of 118.90M shares are outstanding, with a floating share count of 73.01M. Insiders hold about 42.92% of the company’s shares, while institutions hold 57.71% stake in the company. Shares short for FLNC as of 1726185600 were 11564754 with a Short Ratio of 5.73, compared to 1723680000 on 11262990. Therefore, it implies a Short% of Shares Outstanding of 11564754 and a Short% of Float of 18.490000000000002.
