Fisker Inc. (NYSE:FSR) Down -8.14% Over A Week, Now Can The Stock Hit Well Above -$1.33? – Marketing Sentinel
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Fisker Inc. (NYSE:FSR) Down -8.14% Over A Week, Now Can The Stock Hit Well Above -$1.33?

In last trading session, Fisker Inc. (NYSE:FSR) saw 6.05 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $15.00 trading at -$0.76 or -4.82% at ring of the bell on the day assigns it a market valuation of $4.47B. That closing price of FSR’s stock is at a discount of -113.07% from its 52-week high price of $31.96 and is indicating a premium of 35.93% from its 52-week low price of $9.61. Taking a look at company’s average trading volume of 9.39 million if we extend that period to 3-months.

For Fisker Inc. (FSR), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 12 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.47 in the current quarter.

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Fisker Inc. (NYSE:FSR) trade information

Upright in the red during last session for losing -4.82%, in the last five days FSR remained trading in the red while hitting it’s week-highest on Friday, 01/07/22 when the stock touched $15.00 price level, adding 11.82% to its value on the day. Fisker Inc.’s shares saw a change of -4.64% in year-to-date performance and have moved -8.14% in past 5-day. Fisker Inc. (NYSE:FSR) showed a performance of -13.54% in past 30-days.

Wall Street analysts have assigned a consensus price target of $25.60 to the stock, which implies a rise of 41.41% to its current value. Analysts have been projecting $11.00 as a low price target for the stock while placing it at a high target of $40.00. It follows that stock’s current price would drop -166.67% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.67% for stock’s current value.

Fisker Inc. (FSR) estimates and forecasts

Statistics highlight that Fisker Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -2.09% of value to its shares in past 6 months, showing an annual growth rate of -182.50% while that of industry is 16.20. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -840.00% in the current quarter and calculating 44.40% increase in the next quarter.

6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $10k for the same. And 4 analysts are in estimates of company making revenue of $10k in the next quarter that will end on Mar 2022.

FSR Dividends

Fisker Inc. is more likely to be releasing its next quarterly report between February 23 and February 28 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Fisker Inc. (NYSE:FSR)’s Major holders

Insiders are in possession of 3.26% of company’s total shares while institution are holding 47.51 percent of that, with stock having share float percentage of 49.12%. Investors also watch the number of corporate investors in a company very closely, which is 47.51% institutions for Fisker Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at FSR for having 13.36 million shares of worth $195.7 million. And as of Sep 29, 2021, it was holding 8.13% of the company’s outstanding shares.

The second largest institutional holder is Moore Capital Management, LP, which was holding about 10.26 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.24% of outstanding shares, having a total worth of $150.3 million.

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On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 4.16 million shares of worth $60.95 million or 2.53% of the total outstanding shares. The later fund manager was in possession of 3.79 million shares on Oct 30, 2021, making its stake of worth around $60.78 million in the company or a holder of 2.30% of company’s stock.

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