Fluence Energy Inc (NASDAQ: FLNC)’s stock price has decreased by -3.31 compared to its previous closing price of 22.36. However, the company has seen a -0.37% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-17 that Investors looking for stocks in the Alternative Energy – Other sector might want to consider either PNM Resources (TXNM) or Fluence Energy, Inc. (FLNC). But which of these two stocks offers value investors a better bang for their buck right now?
Is It Worth Investing in Fluence Energy Inc (NASDAQ: FLNC) Right Now?
Moreover, the 36-month beta value for FLNC is 2.52. Analysts have varying opinions on the stock, with 15 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for FLNC is 73.01M and currently, short sellers hold a 15.84% of that float. On September 26, 2024, FLNC’s average trading volume was 2.17M shares.
FLNC’s Market Performance
FLNC’s stock has seen a -0.37% decrease for the week, with a 12.25% rise in the past month and a 14.57% gain in the past quarter. The volatility ratio for the week is 4.86%, and the volatility levels for the past 30 days are at 5.65% for Fluence Energy Inc The simple moving average for the past 20 days is 7.54% for FLNC’s stock, with a 14.44% simple moving average for the past 200 days.
Analysts’ Opinion of FLNC
Many brokerage firms have already submitted their reports for FLNC stocks, with Jefferies repeating the rating for FLNC by listing it as a “Buy.” The predicted price for FLNC in the upcoming period, according to Jefferies is $26 based on the research report published on September 04, 2024 of the current year 2024.
Guggenheim, on the other hand, stated in their research note that they expect to see FLNC reach a price target of $26. The rating they have provided for FLNC stocks is “Buy” according to the report published on August 09th, 2024.
Scotiabank gave a rating of “Sector Perform” to FLNC, setting the target price at $21 in the report published on July 12th of the current year.
FLNC Trading at 20.52% 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 -22.23% of loss for the given period.
Volatility was left at 5.65%, however, over the last 30 days, the volatility rate increased by 4.86%, as shares surge +15.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.77% upper at present.
During the last 5 trading sessions, FLNC fell by -0.37%, which changed the moving average for the period of 200-days by -1.59% in comparison to the 20-day moving average, which settled at $20.25. In addition, Fluence Energy Inc saw -9.35% 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 BULLS HERMAN E, who purchase 10,000 shares at the price of $16.81 back on Aug 13 ’24. After this action, BULLS HERMAN E now owns 65,861 shares of Fluence Energy Inc, valued at $168,140 using the latest closing price.
Zahurancik John, the SVP and President, Americas of Fluence Energy Inc, sale 25,000 shares at $24.22 during a trade that took place back on Jun 12 ’24, which means that Zahurancik John is holding 96,005 shares at $605,500 based on the most recent closing price.
Stock Fundamentals for FLNC
Current profitability levels for the company are sitting at:
- -0.01 for the present operating margin
- 0.12 for the gross margin
The net margin for Fluence Energy Inc stands at -0.01. The total capital return value is set at -0.04. Equity return is now at value -5.38, with -1.35 for asset returns.
Based on Fluence Energy Inc (FLNC), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.85. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 577.14.
Currently, EBITDA for the company is -95.82 million with net debt to EBITDA at 28.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 5.94for trailing twelve months and the total asset turnover is 1.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
To wrap up, the performance of Fluence Energy Inc (FLNC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
