In the last trading session, 62.23 million Fisker Inc (NYSE:FSR) shares changed hands as the company’s beta touched 0.63. With the company’s per share price at $0.09 changed hands at -$0.03 or -28.17% during last session, the market valuation stood at $47.98M. FSR’s last price was a discount, traded about -7922.22% off its 52-week high of $7.22. The share price had its 52-week low at $0.12, which suggests the last value was -33.33% down since then. When we look at Fisker Inc’s average trading volume, we note the 10-day average is 217.1 million shares, with the 3-month average coming to 83.22 million.
Fisker Inc (NYSE:FSR) trade information
Instantly FSR was in red as seen at the end of in last trading. With action -39.22%, the performance over the past five days has been red. The drop to weekly highs of 0.1478 subtracted -28.17% to the stock’s daily price. The company’s shares are showing year-to-date downside of -94.88%, with the 5-day performance at -39.22% in the red. However, in the 30-day time frame, Fisker Inc (NYSE:FSR) is -84.81% down. Looking at the short shares, we see there were 100.6 million shares sold at short interest cover period of 2.33 days.
Fisker Inc (FSR) estimates and forecasts
Data shows that the Fisker 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 -98.41% over the past 6 months, a 66.14% in annual growth rate that is considerably higher than the industry average of 12.80%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Fisker Inc will rise 57.90%, while the growth in revenue is estimated to hit 36.00% for the next quarter. Year-over-year growth is forecast to reach 302.20% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of $145.23 million. 4 analysts are of the opinion that Fisker Inc’s revenue for the quarter ending Jun 2024 will be $228.12 million. The company’s revenue for the corresponding quarters a year ago was $14.35 million and $825k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 912.10%. The estimates for the next quarter sales put growth at 27,550.90%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -165.47%. The 2024 estimates are for Fisker Inc earnings to increase by 76.28%.
FSR Dividends
Fisker Inc is expected to release its next quarterly earnings report between May 07 and May 13.
Fisker Inc (NYSE:FSR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 1.29% of Fisker Inc shares while 25.02% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 25.34%. There are 25.02% institutions holding the Fisker Inc stock share, with Fifthdelta Ltd the top institutional holder. As of Jun 29, 2023, the company held 9.14% of the shares, roughly 19.28 million FSR shares worth $108.71 million.
Vanguard Group Inc holds the second largest percentage of outstanding shares, with 8.62% or 18.18 million shares worth $102.56 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 6.49 million shares estimated at $36.58 million under it, the former controlled 3.08% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 2.42% of the shares, roughly 5.11 million shares worth around $28.81 million.
