Fluence Energy Inc (FLNC) concluded trading on Wednesday at a closing price of $13.33, with 4.84 million shares of worth about $64.57 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.97% during that period and on January 22, 2025 the price saw a loss of about -7.49%. Currently the company’s common shares owned by public are about 129.42M shares, out of which, 74.69M shares are available for trading.
Stock saw a price change of -17.46% in past 5 days and over the past one month there was a price change of -17.05%. Year-to-date (YTD), FLNC shares are showing a performance of -16.06% which decreased to -33.15% 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 $26.12 during that period. The average intraday trading volume for Fluence Energy Inc shares is 3.01 million. The stock is currently trading -16.76% below its 20-day simple moving average (SMA20), while that difference is down -25.04% for SMA50 and it goes to -29.12% lower than SMA200.
Fluence Energy Inc (NASDAQ: FLNC) currently have 129.42M outstanding shares and institutions hold larger chunk of about 53.55% of that.
The stock has a current market capitalization of $2.41B and its 3Y-monthly beta is at 2.38. PE ratio of stock for trailing 12 months is 251.51, 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 7.82% while standing at 6.39% over the month.
Analysts are in expectations that Fluence Energy Inc (FLNC) stock would likely to be making an EPS of -0.22 in the current quarter, while forecast for next quarter EPS is -0.14 and it is 1.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.3 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 356.85% while it is estimated to increase by 77.97% 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 Jefferies on Jan-23-25 offering a Hold rating for the stock and assigned a target price range of between $22 and $15 to it. Coverage by Robert W. Baird stated Fluence Energy Inc (FLNC) stock as a Neutral in their note to investors on December 18, 2024, suggesting a price target of $20 for the stock. On November 08, 2024, Exane BNP Paribas Upgrade their recommendations, while on October 01, 2024, Citigroup Downgrade their ratings for the stock with a price target of $24. Stock get a Buy rating from Jefferies on September 04, 2024.
