In today’s recent session, 1,772,788 shares of the Fluent, Inc.(NASDAQ:FLNT) have been traded, and its beta is 3.17. Most recently the company’s share price was $6.77, and it changed around -$0.95 or -0.12% from the last close, which brings the market valuation of the company to $509.54 Million. FLNT at last check was trading at a discount to its 52-week high of $8.5, offering almost -25.55% off that amount. The share price’s 52-week low was $1.02, which indicates that the recent value has risen by an impressive 84.93% since then. We note from Fluent, Inc.’s average daily trading volume that its 10-day average is 3.26 Million shares, with the 3-month average coming to 1.22 Million.
Fluent, Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1. If we narrow it down even further, the data shows that none out of 2 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, no body recommended FLNT as a Hold, whereas 2 deemed it a Buy, and no one rated it as Underweight. Fluent, Inc. is expected to report earnings per share of $0.05 for the current quarter.
Fluent, Inc. (NASDAQ:FLNT): Trading Information Today
Although FLNT has been showing red trend so far today with a performance of -12.31% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $8.50- on Monday, Feb 22 increased the stock’s daily price by 16.94%. The company’s shares are currently up 0.33% year-to-date, but still down -0.014 over the last five days. On the other hand, Fluent, Inc. (NASDAQ:FLNT) is 0.55% up in the 30-day period. We can see from the shorts that 832.59 Million shares have been sold at a short interest cover period of 682.45 day(s).
The consensus price target as assigned by Wall Street analysts is $6.75, which translates to bears needing to reduce their stock price by -0.3% from its current value. Analyst projections state that FLNT is forecast to be at a low of $6.5 and a high of $7. In order for the stock price to hit the forecast high, the stock would need to surge +3.4% from its current level, while the stock would need to crash -3.99% from its current level to reach the projected low.
Fluent, Inc. (FLNT) projections and forecasts
Fluent, Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +199.22 percent over the past six months and at a 500% annual growth rate that is well above the industry average of 0.9%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +400% in revenue this quarter, and will report an increase of 100% in the next quarter. The year-over-year growth rate is expected to be 11.5%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of $85.43 Million in revenue for the current quarter. 2 analysts expect Fluent, Inc. to make $85.39 Million in revenue for the quarter ending March 01, 2021. The company’s sales for the same quarters a year ago were $80.01 Million and $78.93 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 6.8%. Forecasts for the next quarter put sales growth at 8.2%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 30.5%. Fluent, Inc. earnings are expected to decrease by -152.9% in 2021, but the outlook is positive 40% per year for the next five years.
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Fluent, Inc. (NASDAQ:FLNT)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 46.08% of Fluent, Inc. shares, and 32.19% of them are in the hands of institutional investors. The stock currently has a share float of 59.71%. Fluent, Inc. stock is held by 103 institutions, with Weber, Alan W. being the largest institutional investor. By Sep 29, 2020, it held 7.63% of the shares, which is about 5.82 Million shares worth $14.44 Million.
Wellington Management Company, LLP, with 6.01% or 4.59 Million shares worth $11.38 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.