Fluence Energy Inc [FLNC] stock prices are down -1.04% to $15.29 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The FLNC shares have gain 3.84% over the last week, with a monthly amount drifted -24.38%, and not seem to be holding up well over a long-time horizon.
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On 22, February 2024, Fluence Responds to Misleading Short Seller Report. In a post published today on Yahoo Finance, Fluence Energy, Inc. (“Fluence” or “the Company”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimization software for renewables and storage, today issued a statement in response to a report published by a known short-seller. The Company believes that the report is an attempt by a self-interested short-seller to profit at the expense of Fluence’s shareholders by manipulating Fluence’s stock price.
From an analyst’s perspective:
Fluence Energy Inc [NASDAQ: FLNC] stock has seen the most recent analyst activity on February 26, 2024, when Susquehanna upgraded its rating to a Positive but kept the price target unchanged to $24 for it. Previously, JP Morgan upgraded its rating to Overweight on February 23, 2024, and kept the price target unchanged to $23. On December 04, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $31 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $26 on November 08, 2023. Exane BNP Paribas initiated its recommendation with a Underperform and recommended $18 as its price target on October 20, 2023. Barclays started tracking with a Overweight rating for this stock on August 30, 2023, and assigned it a price target of $31. In a note dated July 25, 2023, ROTH MKM initiated an Neutral rating and provided a target price of $31 on this stock.
The stock price of Fluence Energy Inc [FLNC] has been fluctuating between $13.41 and $31.32 over the past year. Currently, Wall Street analysts expect the stock to reach $24.25 within the next 12 months. Fluence Energy Inc [NASDAQ: FLNC] shares were valued at $15.29 at the most recent close of the market. An investor can expect a potential return of 58.6% based on the average FLNC price forecast.
Analyzing the FLNC fundamentals
The Fluence Energy Inc [NASDAQ:FLNC] reported sales of 2.27B for trailing twelve months, representing a surge of 17.23%. Gross Profit Margin for this corporation currently stands at 0.07% with Operating Profit Margin at -0.04%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.18 and Total Capital is -0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.12.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 15.01 points at the first support level, and at 14.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.78, and for the 2nd resistance point, it is at 16.28.
Fluence Energy Inc [FLNC] reported earnings per share of -$0.14 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of -$0.01 and a surprise factor of -7.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.02 per share as compared to estimates of -$0.06 per share, a difference of $0.08 representing a surprise of 133.30%.
Ratios To Look Out For
It’s worth pointing out that Fluence Energy Inc [NASDAQ:FLNC]’s Current Ratio is 1.33. On the other hand, the Quick Ratio is 0.79, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 4.67.
Transactions by insiders
Recent insider trading involved AES CORP, 10% Owner, that happened on Dec 08 when 7.09 million shares were sold. 10% Owner, SIEMENS PENSION TRUST E V completed a deal on Dec 08 to sell 7.09 million shares. Meanwhile, Director Qatar Investment Authority sold 3.83 million shares on Dec 08.
