At the time of writing, Fluence Energy Inc [FLNC] stock is trading at $16.38, up 4.80%. An important factor to consider is whether the stock is rising or falling in short-term value. The FLNC shares have gain 5.13% over the last week, with a monthly amount drifted -0.30%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Fluence Energy Inc [NASDAQ: FLNC] stock has seen the most recent analyst activity on July 12, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $21. Previously, Truist started tracking the stock with Buy rating on July 10, 2024, and set its price target to $25. On June 06, 2024, downgrade downgraded it’s rating to Neutral. Raymond James upgraded its rating to a Outperform but stick to its price target of $22 on April 03, 2024. Susquehanna upgraded its rating to a Positive but $24 remained the price target by the analyst firm on February 26, 2024. JP Morgan upgraded its rating to Overweight for this stock on February 23, 2024, but kept the price target unchanged to $23. In a note dated December 04, 2023, ROTH MKM upgraded an Buy rating on this stock and boosted its target price from $27 to $31.
For the past year, the stock price of Fluence Energy Inc fluctuated between $13.03 and $30.19. Currently, Wall Street analysts expect the stock to reach $27.17 within the next 12 months. Fluence Energy Inc [NASDAQ: FLNC] shares were valued at $16.38 at the most recent close of the market. An investor can expect a potential return of 65.87% based on the average FLNC price forecast.
Analyzing the FLNC fundamentals
According to Fluence Energy Inc [NASDAQ:FLNC], the company’s sales were 2.20B for trailing twelve months, which represents an -10.75% plunge. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.02%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.11 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.14.
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 15.83 points at the first support level, and at 15.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.01, and for the 2nd resistance point, it is at 17.65.
Ratios To Look Out For
It is important to note that Fluence Energy Inc [NASDAQ:FLNC] has a current ratio of 1.36. On the other hand, the Quick Ratio is 0.93, and the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 0.95, the price to book ratio is 5.05.
Transactions by insiders
Recent insider trading involved Zahurancik John, SVP and President, Americas, that happened on Jun 12 ’24 when 25000.0 shares were sold. President and CEO, Nebreda Julian completed a deal on Mar 04 ’24 to buy 6700.0 shares. Meanwhile, SVP & Chief Financial Officer Pasha Ahmed bought 3300.0 shares on Mar 04 ’24.
