Fluence Energy Inc (NASDAQ:FLNC)’s traded shares stood at 1.74 million during the last session, with the company’s beta value hitting 2.54. At the close of trading, the stock’s price was $16.65, to imply an increase of 5.45% or $0.86 in intraday trading. The FLNC share’s 52-week high remains $31.32, putting it -88.11% down since that peak but still an impressive 21.74% since price per share fell to its 52-week low of $13.03. The company has a valuation of $2.11B, with an average of 2.0 million shares in intraday trading volume over the past 10 days and average of 2.40 million shares over the past 3 months.
Fluence Energy Inc (NASDAQ:FLNC) trade information
After registering a 5.45% upside in the last session, Fluence Energy Inc (FLNC) has traded red over the past five days. The stock hit a weekly high of 16.89, jumping 5.45% in its intraday price action. The 5-day price performance for the stock is 11.07%, and 9.76% over 30 days. With these gigs, the year-to-date price performance is -30.19%. Short interest in Fluence Energy Inc (NASDAQ:FLNC) saw shorts transact 12.6 million shares and set a 3.73 days time to cover.
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 -24.46% down over the last 6 months, with its year-to-date growth rate higher than industry average at 123.33% against 12.10%. Revenue is forecast to grow 45.50% this quarter before jumping 170.00% for the next one. The rating firms project that company’s revenue will grow 34.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is $594.34 million. Meanwhile, for the quarter ending Jun 2024, a total of 13 analyst(s) estimate revenue growth to $941.69 million.
FLNC Dividends
Fluence Energy Inc has its next earnings report out between May 11 and May 15. 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 31.56% of total outstanding shares, with institutional holders owning 74.57% of the shares at 108.95% float percentage. In total, 74.57% institutions holds shares in the company, led by Siemens Ag. As of Jun 29, 2023, the company held over 39.74 million shares (or 33.53% of shares), all amounting to roughly $1.06 billion.
The next major institution holding the largest number of shares is Siemens Pension Trust E.V. with 18.85 million shares, or about 15.91% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $502.13 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 Jun 29, 2023, Vanguard Total Stock Market Index Fund holds roughly 1.26 million shares. This is just over 1.06% of the total shares, with a market valuation of $33.45 million. Data from the same date shows that the other fund manager holds a little less at 1.06 million, or 0.89% of the shares, all valued at about 28.15 million.
