Market Watch: Fluence Energy Inc (FLNC)’s Noteworthy Gain, Closing at 21.67

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As of close of business last night, Fluence Energy Inc’s stock clocked out at $21.67, up 4.84% from its previous closing price of $20.67. In other words, the price has increased by $4.84 from its previous closing price. On the day, 1.21 million shares were traded. FLNC stock price reached its highest trading level at $21.695 during the session, while it also had its lowest trading level at $20.2.

Ratios:

To gain a deeper understanding of FLNC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 8.19 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.73. 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.

On October 01, 2024, Citigroup Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $32 to $24.

On September 04, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $26.Jefferies initiated its Buy rating on September 04, 2024, with a $26 target price.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 3911218432 and an Enterprise Value of 2584834816. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 6.63. Its current Enterprise Value per Revenue stands at 1.206 whereas that against EBITDA is -150.194.

Stock Price History:

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 2.93%, while the 200-Day Moving Average is calculated to be 15.97%.

Shares Statistics:

It appears that FLNC traded 1.63M shares on average per day over the past three months and 1910170 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 57.18% stake in the company. Shares short for FLNC as of 1728950400 were 11092722 with a Short Ratio of 6.81, compared to 1726185600 on 11564754. Therefore, it implies a Short% of Shares Outstanding of 11092722 and a Short% of Float of 17.729999.

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