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After Plunging -12.94% During Past Week, Is Fisker Inc. (NYSE: FSR) Still A Buy?

Fisker Inc. (NYSE:FSR)’s traded shares stood at 6.42 million during the last session, with the company’s beta value hitting 1.09. At the close of trading, the stock’s price was $6.12. The FSR share’s 52-week high remains $14.74, putting it -140.85% down since that peak but still an impressive 8.66% since price per share fell to its 52-week low of $5.59. The company has a valuation of $2.08B, with an average of 5.94 million shares in intraday trading volume over the past 10 days and average of 7.11 million shares over the past 3 months.

Analysts have given a consensus recommendation of a Hold for Fisker Inc. (FSR), translating to a mean rating of 2.90. Of 12 analyst(s) looking at the stock, 2 analyst(s) give FSR a Sell rating. 0 of those analysts rate the stock as Overweight while 5 advise Hold as 4 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.41.

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Fisker Inc. (NYSE:FSR) trade information

Fisker Inc. (FSR) has traded red over the past five days. The stock hit a weekly high of 7.03 this Wednesday, 03/15/23. The 5-day price performance for the stock is -12.94%, and -7.69% over 30 days. With these gigs, the year-to-date price performance is -15.82%. Short interest in Fisker Inc. (NYSE:FSR) saw shorts transact 58.11 million shares and set a 8.95 days time to cover.

Analysts on Wall Street suggest a consensus price target of $11.93, implying an increase of 48.7% to the stock’s current value. The extremes give us $4.00 and $21.00 for target low and target high price respectively. As such, FSR has been trading -243.14% off suggested target high and 34.64% from its likely low.

Fisker Inc. (FSR) estimates and forecasts

Looking at statistics comparing Fisker Inc. share performance against respective industry, we note that the company has outperformed competitors. Fisker Inc. (FSR) shares are -31.08% down over the last 6 months, with its year-to-date growth rate higher than industry average at 39.89% against 6.80%. Revenue is forecast to grow 12.80% this quarter before jumping 4.90% for the next one. The rating firms project that company’s revenue will grow 2,711.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is $2.51 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $34.92 million.Earnings reports from the last fiscal year show that sales brought in $41k and $12k respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 6,022.00% before jumping 290,900.00% in the following quarter.

FSR Dividends

Fisker Inc. has its next earnings report out between May 02 and May 08. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Fisker Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

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

Fisker Inc. insiders hold 2.35% of total outstanding shares, with institutional holders owning 52.66% of the shares at 53.93% float percentage. In total, 52.66% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Sep 29, 2022, the company held over 13.75 million shares (or 7.66% of shares), all amounting to roughly $103.83 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 10.28 million shares, or about 5.72% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $77.59 million.

We also have Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund as the top two Mutual Funds with the largest holdings of the Fisker Inc. (FSR) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 4.8 million shares. This is just over 2.67% of the total shares, with a market valuation of $36.21 million. Data from the same date shows that the other fund manager holds a little less at 4.01 million, or 2.24% of the shares, all valued at about 30.31 million.

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