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Risk-Tolerant Investors Should Take A Chance On Fisker Inc. (NYSE: FSR)

During the last session, Fisker Inc. (NYSE:FSR)’s traded shares were 6.83 million, with the beta value of the company hitting 1.04. At the end of the trading day, the stock’s price was $6.79, reflecting an intraday gain of 1.49% or $0.1. The 52-week high for the FSR share is $11.41, that puts it down -68.04 from that peak though still a striking 37.26% gain since the share price plummeted to a 52-week low of $4.26. The company’s market capitalization is $2.27B, and the average intraday trading volume over the past 10 days was 6.38 million shares, and the average trade volume was 8.58 million shares over the past three months.

Fisker Inc. (FSR) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 3.00. FSR has a Sell rating from 3 analyst(s) out of 12 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 4 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.27.

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Fisker Inc. (NYSE:FSR) trade information

Fisker Inc. (FSR) registered a 1.49% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.49% in intraday trading to $6.79 this Wednesday, 05/24/23, hitting a weekly high. The stock’s 5-day price performance is 6.09%, and it has moved by 38.57% in 30 days. Based on these gigs, the overall price performance for the year is -38.38%. The short interest in Fisker Inc. (NYSE:FSR) is 67.82 million shares and it means that shorts have 6.77 day(s) to cover.

Fisker Inc. (FSR) estimates and forecasts

Statistics show that Fisker Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Fisker Inc. (FSR) shares have gone down -13.50% during the last six months, with a year-to-date growth rate more than the industry average at 31.46% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 25.00% this quarter and then jump 65.30% in the quarter after that. In the rating firms’ projections, revenue will increase 458,894.19% compared to the previous financial year.

Revenue for the current quarter is expected to be $72.6 million as predicted by 4 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $587.74 million by the end of Sep 2023.

While earnings are projected to return -11.80% in 2023.

FSR Dividends

Fisker Inc. is due to release its next quarterly earnings on May 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Fisker Inc. insiders own 2.00% of total outstanding shares while institutional holders control 52.48%, with the float percentage being 53.55%. Fifthdelta Ltd is the largest shareholder of the company, while 324 institutions own stock in it. As of Mar 30, 2023, the company held over 18.75 million shares (or 9.47% of all shares), a total value of $115.12 million in shares.

The next largest institutional holding, with 14.82 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 7.49% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $90.97 million.

Also, the Mutual Funds coming in first place with the largest holdings of Fisker Inc. (FSR) shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 5.38 million shares. This amounts to just over 2.87 percent of the company’s overall shares, with a $39.11 million market value. The same data shows that the other fund manager holds slightly less at 4.39 million, or about 2.34% of the stock, which is worth about $31.95 million.

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