Fluence Energy Inc (NASDAQ: FLNC)’s stock price has plunge by 7.66relation to previous closing price of 16.85. Nevertheless, the company has seen a 15.62% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-22 that ARLINGTON, Va., April 22, 2024 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (Nasdaq: FLNC) (“Fluence” or the “Company”), announced today that it will report earnings for the second quarter ended March 31, 2024 on Wednesday, May 8th, 2024, after market close.
Is It Worth Investing in Fluence Energy Inc (NASDAQ: FLNC) Right Now?
Additionally, the 36-month beta value for FLNC is 2.54. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for FLNC is 70.97M and currently, short sellers hold a 19.97% ratio of that float. The average trading volume of FLNC on April 30, 2024 was 2.35M shares.
FLNC’s Market Performance
The stock of Fluence Energy Inc (FLNC) has seen a 15.62% increase in the past week, with a 4.61% rise in the past month, and a -13.82% fall in the past quarter. The volatility ratio for the week is 5.28%, and the volatility levels for the past 30 days are at 5.45% for FLNC. The simple moving average for the past 20 days is 10.99% for FLNC’s stock, with a -13.93% simple moving average for the past 200 days.
Analysts’ Opinion of FLNC
Many brokerage firms have already submitted their reports for FLNC stocks, with Raymond James repeating the rating for FLNC by listing it as a “Outperform.” The predicted price for FLNC in the upcoming period, according to Raymond James is $22 based on the research report published on April 03, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see FLNC reach a price target of $24. The rating they have provided for FLNC stocks is “Positive” according to the report published on February 26th, 2024.
JP Morgan gave a rating of “Overweight” to FLNC, setting the target price at $23 in the report published on February 23rd of the current year.
FLNC Trading at 13.98% 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 -42.08% of loss for the given period.
Volatility was left at 5.45%, however, over the last 30 days, the volatility rate increased by 5.28%, as shares surge +4.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.68% lower at present.
During the last 5 trading sessions, FLNC rose by +15.62%, which changed the moving average for the period of 200-days by -36.64% in comparison to the 20-day moving average, which settled at $16.38. In addition, Fluence Energy Inc saw -23.94% 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 0.13. 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 1.31. 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
In conclusion, Fluence Energy Inc (FLNC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
