In today’s recent session, 1.37 million shares of the Fisker Inc. (NYSE:FSR) have been traded, and its beta is 1.11. Most recently the company’s share price was $9.17, and it changed around $0.13 or 1.44% from the last close, which brings the market valuation of the company to $2.55B. FSR at last check was trading at a discount to its 52-week high of $23.75, offering almost -159.0% off that amount. The share price’s 52-week low was $7.95, which indicates that the recent value has risen by an impressive 13.3% since then. We note from Fisker Inc.’s average daily trading volume that its 3-month average coming to 6.47 million.
Fisker Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.30. If we narrow it down even further, the data shows that 1 out of 14 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended FSR as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight. Fisker Inc. is expected to report earnings per share of -$0.39 for the current quarter.
Fisker Inc. (NYSE:FSR) trade information
Instantly FSR has been showing a green trend so far today with a performance of 1.44% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 9.35 on Tuesday, 06/21/22 increased the stock’s daily price by 1.93%. The company’s shares are currently down -42.53% year-to-date, but still up 8.52% over the last five days. On the other hand, Fisker Inc. (NYSE:FSR) is -20.70% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $17.33, which translates to bulls needing to increase their stock price by 47.09% from its current value. Analyst projections state that FSR is forecast to be at a low of $8.00 and a high of $27.00. In order for the stock price to hit the forecast high, the stock would need to plunge -194.44% from its current level, while the stock would need to crash 12.76% from its current level to reach the projected low.
Fisker Inc. (FSR) estimates and forecasts
Fisker Inc. share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -46.95 percent over the past six months and at a -47.37% annual growth rate that is well below the industry average of 8.30%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will loss -143.80% in revenue this quarter, and will report a decrease of -13.50% in the next quarter. The year-over-year growth rate is expected to be 57,022.60%, up from the previous year.
Fisker Inc.’s next quarterly earnings report is expected to be released around February 23 and February 28.
Fisker Inc. (NYSE:FSR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 2.48% of Fisker Inc. shares, and 53.14% of them are in the hands of institutional investors. The stock currently has a share float of 54.49%. Fisker Inc. stock is held by 340 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Dec 30, 2021, it held 8.12% of the shares, which is about 13.38 million shares worth $210.47 million.
Blackrock Inc., with 6.43% or 10.61 million shares worth $136.85 million as of Mar 30, 2022, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Dec 30, 2021. The former held 4.19 million shares worth $65.87 million, making up 2.54% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.74 million shares worth around $44.18 million, which represents about 2.27% of the total shares outstanding.