Fluence Energy Inc (FLNC) concluded trading on Wednesday at a closing price of $17.08, with 5.38 million shares of worth about $91.86 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -31.07% during that period and on December 04, 2024 the price saw a loss of about -6.82%. Currently the company’s common shares owned by public are about 129.42M shares, out of which, 74.10M shares are available for trading.
Stock saw a price change of -10.11% in past 5 days and over the past one month there was a price change of -22.89%. Year-to-date (YTD), FLNC shares are showing a performance of -28.39% which decreased to -36.60% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $12.74 but also hit the highest price of $27.80 during that period. The average intraday trading volume for Fluence Energy Inc shares is 1.92 million. The stock is currently trading -15.38% below its 20-day simple moving average (SMA20), while that difference is down -18.33% for SMA50 and it goes to -8.52% lower than SMA200.
Fluence Energy Inc (NASDAQ: FLNC) currently have 129.42M outstanding shares and institutions hold larger chunk of about 53.80% of that.
The stock has a current market capitalization of $3.09B and its 3Y-monthly beta is at 2.39. PE ratio of stock for trailing 12 months is 322.26, while it has posted earnings per share of $0.05 in the same period. It has Quick Ratio of 1.05 while making debt-to-equity ratio of 0.08. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FLNC, volatility over the week remained 6.51% while standing at 7.41% over the month.
Analysts are in expectations that Fluence Energy Inc (FLNC) stock would likely to be making an EPS of -0.23 in the current quarter, while forecast for next quarter EPS is -0.15 and it is 1.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.29 which is -0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -0.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 374.09% while it is estimated to increase by 70.87% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on November 08, 2024 offering a Neutral rating for the stock and assigned a target price of $22 to it. Coverage by Citigroup stated Fluence Energy Inc (FLNC) stock as a Neutral in their note to investors on October 01, 2024, suggesting a price target of $24 for the stock. On September 04, 2024, Jefferies Initiated their recommendations, while on August 09, 2024, Guggenheim Upgrade their ratings for the stock with a price target of $26. Stock get a Sector perform rating from Scotiabank on July 12, 2024.
