FLNC has 36-month beta value of 2.52. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FLNC is 73.05M, and currently, short sellers hold a 16.19% ratio of that float. The average trading volume of FLNC on June 25, 2024 was 2.27M shares.
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FLNC) stock’s latest price update
Fluence Energy Inc (NASDAQ: FLNC)’s stock price has dropped by -0.11 in relation to previous closing price of 18.62. Nevertheless, the company has seen a loss of -7.79% in its stock price over the last five trading days. accesswire.com reported 2024-06-24 that SAN DIEGO, CA / ACCESSWIRE / June 24, 2024 / Shareholder rights law firm Johnson Fistel, LLP is investigating whether Fluence Energy, Inc. (NASDAQ:FLNC) (the “Company”) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors’ losses and whether they may be recovered under federal securities laws.
FLNC’s Market Performance
Fluence Energy Inc (FLNC) has experienced a -7.79% fall in stock performance for the past week, with a -7.97% drop in the past month, and a 16.98% rise in the past quarter. The volatility ratio for the week is 5.96%, and the volatility levels for the past 30 days are at 7.88% for FLNC. The simple moving average for the last 20 days is -16.88% for FLNC’s stock, with a simple moving average of -6.68% for the last 200 days.
Analysts’ Opinion of FLNC
Raymond James, on the other hand, stated in their research note that they expect to see FLNC reach a price target of $22. The rating they have provided for FLNC stocks is “Outperform” according to the report published on April 03rd, 2024.
Susquehanna gave a rating of “Positive” to FLNC, setting the target price at $24 in the report published on February 26th of the current year.
FLNC Trading at -5.57% 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 -40.61% of loss for the given period.
Volatility was left at 7.88%, however, over the last 30 days, the volatility rate increased by 5.96%, as shares sank -20.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.99% upper at present.
During the last 5 trading sessions, FLNC fell by -7.98%, which changed the moving average for the period of 200-days by -29.11% in comparison to the 20-day moving average, which settled at $22.14. In addition, Fluence Energy Inc saw -22.01% 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 Zahurancik John, who sale 25,000 shares at the price of $24.22 back on Jun 12 ’24. After this action, Zahurancik John now owns 96,005 shares of Fluence Energy Inc, valued at $605,500 using the latest closing price.
Nebreda Julian, the President and CEO of Fluence Energy Inc, purchase 6,700 shares at $14.77 during a trade that took place back on Mar 04 ’24, which means that Nebreda Julian is holding 55,090 shares at $98,926 based on the most recent closing price.
Stock Fundamentals for FLNC
Current profitability levels for the company are sitting at:
- -0.03 for the present operating margin
- 0.09 for the gross margin
The net margin for Fluence Energy Inc stands at -0.02. The total capital return value is set at -0.11. Equity return is now at value -11.29, with -2.65 for asset returns.
Based on Fluence Energy Inc (FLNC), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.37. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is -42.19.
Currently, EBITDA for the company is -95.82 million with net debt to EBITDA at 8.16. 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 6.16for trailing twelve months and the total asset turnover is 1.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To put it simply, Fluence Energy Inc (FLNC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
