The Vanguard Group, Inc. recently announced the acquisition of new stake in Fisker Inc (NYSE:FSR). The institutional investor has increased its shareholding in the Consumer Cyclical company by 4.21% to 18.39 million shares with purchase of 0.74 million shares. This fresh investment now brings its stake to 8.43% valued currently at $32.18 million. In addition, BlackRock Fund Advisors raised its holdings by 0.33 million to 12.81 million shares. And Moore Capital Management LP has lifted its position by 3.72% or 0.38 million shares – to 10.57 million shares.
Currently, there are 350.56M common shares owned by the public and among those 199.12M shares have been available to trade.
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Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 433,940 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 2,662,524 shares.
The top 3 mutual fund holders in Fisker Inc are Vanguard Total Stock Market ETF, Vanguard Small Cap Index Fund, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 6.62 million shares of the company’s stock, all valued at over $11.59 million. Vanguard Small Cap Index Fund bought 94044.0 shares to see its total holdings expand to 5.55 million shares valued at over $9.72 million and representing 2.55% of the shares outstanding. iShares Russell 2000 ETF sold 14274.0 shares to bring its total holdings to over 5.39 million shares at a value of $9.44 million. iShares Russell 2000 ETF now owns shares totaling to 2.47% of the shares outstanding.
However, the script later moved the day high at 0.8244, up 7.53%. The company’s stock has a 5-day price change of 1.74% and -84.01% over the past three months. FSR shares are trading -54.12% year to date (YTD), with the 12-month market performance down to -88.40% lower. It has a 12-month low price of $0.73 and touched a high of $8.66 over the same period. FSR has an average intraday trading volume of 29.44 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -30.30%, -50.31%, and -83.16% respectively.
Institutional ownership of Fisker Inc (NYSE: FSR) shares accounts for 31.45% of the company’s 350.56M shares outstanding. Mutual fund holders own 23.53%, while other institutional holders and individual stakeholders account for 29.67% and 20.89% respectively.
It has a market capitalization of $281.46M and a beta (3y monthly) value of 0.69. The earnings-per-share (ttm) stands at -$1.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 15.25% over the week and 12.61% over the month.
Analysts forecast that Fisker Inc (FSR) will achieve an EPS of $First Solar, Inc. for the current quarter, $147.83 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $FS KKR Capital Corp. while analysts give the company a high EPS estimate of $Grupo Aeroportuario del Sureste. Comparatively, EPS for the current quarter was $Restaurant Brands International a year ago. Earnings per share for the fiscal year are expected to increase by 38.00%, and 45.07% over the next financial year.
Looking at the support for the FSR, a number of firms have released research notes about the stock. TD Cowen stated their Market Perform rating for the stock in a research note on January 17, 2024, with the firm’s price target at $11-$1.
