Analyzing Fluence Energy Inc (NASDAQ: FLNC) Stock’s Performance and Trends for Investment

In the last trading session, 1.06 million Fluence Energy Inc (NASDAQ:FLNC) shares changed hands as the company’s beta touched 2.55. With the company’s per share price at $19.27 changed hands at $0.12 or 0.63% during last session, the market valuation stood at $2.28B. FLNC’s last price was a discount, traded about -62.53% off its 52-week high of $31.32. The share price had its 52-week low at $14.02, which suggests the last value was 27.24% up since then. When we look at Fluence Energy Inc’s average trading volume, we note the 10-day average is 1.01 million shares, with the 3-month average coming to 1.19 million.

Analysts gave the Fluence Energy Inc (FLNC) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 1.92. If we narrow down to specifics, the data shows that 1 out of 24 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 8 recommended FLNC as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Fluence Energy Inc’s EPS for the current quarter is expected to be -$0.06.

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Fluence Energy Inc (NASDAQ:FLNC) trade information

Instantly FLNC was in green as seen at the end of in last trading. With action 15.74%, the performance over the past five days has been green. The jump to weekly highs of 20.87 on Monday, 11/20/23 added 0.63% to the stock’s daily price. The company’s shares are showing year-to-date upside of 12.36%, with the 5-day performance at 15.74% in the green. However, in the 30-day time frame, Fluence Energy Inc (NASDAQ:FLNC) is 6.64% up. Looking at the short shares, we see there were 9.03 million shares sold at short interest cover period of 7.36 days.

The consensus price target for the stock as assigned by Wall Street analysts is $31.08, meaning bulls need an upside of 38.0% from its current market value. According to analyst projections, FLNC’s forecast low is $18.00 with $59.00 as the target high. To hit the forecast high, the stock’s price needs a -206.18% plunge from its current level, while the stock would need to tank 6.59% for it to hit the projected low.

Fluence Energy Inc (FLNC) estimates and forecasts

Data shows that the Fluence Energy Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -15.52% over the past 6 months, a 73.48% in annual growth rate that is considerably higher than the industry average of -3.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Fluence Energy Inc will rise 83.30%, while the growth in revenue is estimated to hit -27.30% for the next quarter. Year-over-year growth is forecast to reach 71.80% up from the last financial year.

Consensus estimates given by 17 financial analysts project the company’s revenue in the current quarter to hit an average of $515.67 million. 11 analysts are of the opinion that Fluence Energy Inc’s revenue for the quarter ending Dec 2023 will be $352.51 million. The company’s revenue for the corresponding quarters a year ago was $441.98 million and $310.46 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 16.70%. The estimates for the next quarter sales put growth at 13.50%.

The 2023 estimates are for Fluence Energy Inc earnings to increase by 44.37%.

FLNC Dividends

Fluence Energy Inc is expected to release its next quarterly earnings report on November 28.

Fluence Energy Inc (NASDAQ:FLNC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 34.18% of Fluence Energy Inc shares while 65.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.90%. There are 65.09% institutions holding the Fluence Energy Inc stock share, with Siemens Ag the top institutional holder. As of Jun 29, 2023, the company held 33.53% of the shares, roughly 39.74 million FLNC shares worth $1.06 billion.

Siemens Pension Trust E.V. holds the second largest percentage of outstanding shares, with 15.91% or 18.85 million shares worth $502.13 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. With 1.26 million shares estimated at $33.45 million under it, the former controlled 1.06% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 0.89% of the shares, roughly 1.06 million shares worth around $28.15 million.

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