Fluence Energy Inc. (NASDAQ:FLNC)’s traded shares stood at 1.11 million during the last session. At the close of trading, the stock’s price was $16.33, to imply a decrease of -1.03% or -$0.17 in intraday trading. The FLNC share’s 52-week high remains $26.78, putting it -63.99% down since that peak but still an impressive 69.63% since price per share fell to its 52-week low of $4.96. The company has a valuation of $3.09B, with an average of 0.95 million shares in intraday trading volume over the past 10 days and average of 1.21 million shares over the past 3 months.
Fluence Energy Inc. (NASDAQ:FLNC) trade information
After registering a -1.03% downside in the last session, Fluence Energy Inc. (FLNC) has traded red over the past five days. The stock hit a weekly high of 19.40 this Thursday, 03/16/23, dropping -1.03% in its intraday price action. The 5-day price performance for the stock is -16.47%, and -26.51% over 30 days. With these gigs, the year-to-date price performance is -4.78%. Short interest in Fluence Energy Inc. (NASDAQ:FLNC) saw shorts transact 7.3 million shares and set a 6 days time to cover.
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Fluence Energy Inc. (FLNC) estimates and forecasts
Looking at statistics comparing Fluence Energy Inc. share performance against respective industry, we note that the company has outperformed competitors. Fluence Energy Inc. (FLNC) shares are -15.17% down over the last 6 months, with its year-to-date growth rate higher than industry average at 66.29% against -1.30%. Revenue is forecast to grow 18.80% this quarter before jumping 29.60% for the next one. The rating firms project that company’s revenue will grow 263.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $324.85 million. Meanwhile, for the quarter ending Jun 2023, a total of 10 analyst(s) estimate revenue growth to $495.71 million.Earnings reports from the last fiscal year show that sales brought in $342.72 million and $239.01 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -5.20% before jumping 107.40% in the following quarter.
FLNC Dividends
Fluence Energy Inc. has its next earnings report out on February 09. 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. Fluence Energy 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%.
Fluence Energy Inc. (NASDAQ:FLNC)’s Major holders
Fluence Energy Inc. insiders hold 50.60% of total outstanding shares, with institutional holders owning 50.11% of the shares at 101.43% float percentage. In total, 50.11% institutions holds shares in the company, led by Bnp Paribas Asset Management Holding S.a. As of Sep 29, 2022, the company held over 5.91 million shares (or 5.09% of shares), all amounting to roughly $86.23 million.
The next major institution holding the largest number of shares is Electron Capital Partners, LLC with 3.99 million shares, or about 3.43% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $58.19 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 Fluence Energy Inc. (FLNC) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.07 million shares. This is just over 0.92% of the total shares, with a market valuation of $15.66 million. Data from the same date shows that the other fund manager holds a little less at 0.87 million, or 0.75% of the shares, all valued at about 12.7 million.