Fluence Energy Inc (FLNC) Shares Down Despite Recent Market Volatility

Fluence Energy Inc (NASDAQ: FLNC)’s stock price has plunge by -9.87relation to previous closing price of 17.42. Nevertheless, the company has seen a -1.26% plunge in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-21 that The latest news out of the Federal Reserve’s March meeting was music to my ears. The Federal Open Market Committee revealed plans for not just one or two, but potentially three interest rate cuts in the year ahead!

Is It Worth Investing in Fluence Energy Inc (NASDAQ: FLNC) Right Now?

The stock has a 36-month beta value of 2.56. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for FLNC is 70.97M, and at present, short sellers hold a 17.75% of that float. On April 03, 2024, the average trading volume of FLNC was 2.45M shares.

FLNC’s Market Performance

FLNC stock saw an increase of -1.26% in the past week, with a monthly gain of 1.62% and a quarterly increase of -34.17%. The volatility ratio for the week is 6.77%, and the volatility levels for the last 30 days are 6.13% for Fluence Energy Inc (FLNC). The simple moving average for the last 20 days is 2.60% for FLNC stock, with a simple moving average of -28.54% for the last 200 days.

Analysts’ Opinion of FLNC

Many brokerage firms have already submitted their reports for FLNC stocks, with Susquehanna repeating the rating for FLNC by listing it as a “Positive.” The predicted price for FLNC in the upcoming period, according to Susquehanna is $24 based on the research report published on February 26, 2024 of the current year 2024.

JP Morgan, on the other hand, stated in their research note that they expect to see FLNC reach a price target of $23. The rating they have provided for FLNC stocks is “Overweight” according to the report published on February 23rd, 2024.

ROTH MKM gave a rating of “Buy” to FLNC, setting the target price at $31 in the report published on December 04th of the previous year.

FLNC Trading at -10.69% from the 50-Day Moving Average

After a stumble in the market that brought FLNC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.87% of loss for the given period.

Volatility was left at 6.13%, however, over the last 30 days, the volatility rate increased by 6.77%, as shares surge +3.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.26% lower at present.

During the last 5 trading sessions, FLNC fell by -1.26%, which changed the moving average for the period of 200-days by -42.74% in comparison to the 20-day moving average, which settled at $15.33. In addition, Fluence Energy Inc saw -34.17% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FLNC starting from Nebreda Julian, who purchase 6,700 shares at the price of $14.77 back on Mar 04 ’24. After this action, Nebreda Julian now owns 55,090 shares of Fluence Energy Inc, valued at $98,926 using the latest closing price.

Pasha Ahmed, the SVP & Chief Financial Officer of Fluence Energy Inc, purchase 3,300 shares at $15.20 during a trade that took place back on Mar 04 ’24, which means that Pasha Ahmed is holding 3,300 shares at $50,160 based on the most recent closing price.

Stock Fundamentals for FLNC

Current profitability levels for the company are sitting at:

  • -0.04 for the present operating margin
  • 0.07 for the gross margin

The net margin for Fluence Energy Inc stands at -0.03. The total capital return value is set at -0.15. Equity return is now at value -14.76, with -3.11 for asset returns.

Based on Fluence Energy Inc (FLNC), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.07. The debt to equity ratio resting at 0.12. The interest coverage ratio of the stock is -32.65.

Currently, EBITDA for the company is -95.82 million with net debt to EBITDA at 3.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.12. The receivables turnover for the company is 5.06for trailing twelve months and the total asset turnover is 1.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.

Conclusion

To sum up, Fluence Energy Inc (FLNC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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