In the last trading session, 6,672,896 Fisker Inc. (NYSE:FSR) shares changed hands as the company’s beta touched 0. With the company’s per share price at $17.51 changed hands at -$0.14 or -0.01% during last session, the market valuation stood at $5.17 Billion. FSR’s last price was a discount, traded about -82.52% off its 52-week high of $31.96. The share price had its 52-week low at $8.7, which suggests the last value was 50.31% up since then. When we look at Fisker Inc.’s average trading volume, we note the 10-day average is 10.01 Million shares, with the 3-month average coming to 15.33 Million.
Analysts gave the Fisker Inc. (FSR) stock a consensus recommendation rating of Overweight, calculated at a mean rating of 2.3. If we narrow down to specifics, the data shows that 1 out of 11 analysts rate the stock as a Sell, with a further none assigning it an Overweight rating. Of the remaining, 3 recommended FSR as a Hold, 7 felt it is a Buy and none rated the stock as Underweight. Fisker Inc.’s EPS for the current quarter is expected to be -$0.25.
Fisker Inc. (NYSE:FSR) trade information
Although FSR has turned red as seen at the end of in last trading. With action -0.79%, the performance over the past five days has been red. The jump to weekly highs of $18.95 on Thursday, Jun 17 added 7.6% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.2%, with the 5-day performance at -0.05% in the red. However, in the 30-day time frame, Fisker Inc. (NYSE:FSR) is 0.4% up. Looking at the short shares, we see there were 44.86 Million shares sold at short interest cover period of 2.93 days.
The consensus price target for the stock as assigned by Wall Street analysts is $23.22, meaning bulls need an upside of 32.61% from its current market value. According to analyst projections, FSR’s forecast low is $10 with $40 as the target high. To hit the forecast high, the stock’s price needs a +128.44% upsurge from its current level, while the stock would need to tank -42.89% for it to hit the projected low.
Fisker Inc. (FSR) estimates and forecasts
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 0%. The 2021 estimates are for Fisker Inc. earnings to decrease by -120%, but the outlook for the next 5-year period is at 0% per year.
Fisker Inc. (NYSE:FSR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 3.36% of Fisker Inc. shares while 46.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 47.96%. There are 223 institutions holding the Fisker Inc. stock share, with Apollo Management Holdings, L.P. the top institutional holder. As of Mar 30, 2021, the company held 7.94% of the shares, roughly 12.95 Million FSR shares worth $222.94 Million.
Vanguard Group, Inc. (The) holds the second largest percentage of outstanding shares, with 6.88% or 11.22 Million shares worth $193.13 Million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 3694722 shares estimated at $63.62 Million under it, the former controlled 2.27% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.95% of the shares, roughly 3.18 Million shares worth around $54.75 Million.