Fluence Energy Inc (NASDAQ:FLNC) has a beta value of 2.55 and has seen 1.01 million shares traded in the last trading session. The company, currently valued at $2.11B, closed the last trade at $16.61 per share which meant it lost -$0.09 on the day or -0.54% during that session. The FLNC stock price is -88.56% off its 52-week high price of $31.32 and 21.55% above the 52-week low of $13.03. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.75 million shares traded. The 3-month trading volume is 2.47 million shares.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Sporting -0.54% in the red in last session, the stock has traded in the red over the last five days, when the FLNC stock price touched $16.61 or saw a rise of 6.95%. Year-to-date, Fluence Energy Inc shares have moved -30.36%, while the 5-day performance has seen it change -4.21%. Over the past 30 days, the shares of Fluence Energy Inc (NASDAQ:FLNC) have changed 12.00%. Short interest in the company has seen 12.6 million shares shorted with days to cover at 3.59.
Fluence Energy Inc (FLNC) estimates and forecasts
Figures show that Fluence Energy Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -21.28% over the past 6 months, with this year growth rate of 123.33%, compared to 11.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 45.50% and 170.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 34.40%.
13 analysts offering their estimates for the company have set an average revenue estimate of $594.34 million for the current quarter. 13 have an estimated revenue figure of $941.69 million for the next quarter concluding in Jun 2024.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 10.91% over the past 5 years.
FLNC Dividends
Fluence Energy Inc is expected to release its next earnings report between May 11 and May 15 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
Insiders own 31.56% of the company shares, while shares held by institutions stand at 74.57% with a share float percentage of 108.95%. Investors are also buoyed by the number of investors in a company, with Fluence Energy Inc having a total of 319 institutions that hold shares in the company. The top two institutional holders are Siemens Ag with over 39.74 million shares worth more than $1.06 billion. As of Jun 29, 2023, Siemens Ag held 33.53% of shares outstanding.
The other major institutional holder is Siemens Pension Trust E.V., with the holding of over 18.85 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $502.13 million and represent 15.91% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Jun 29, 2023, the former fund manager holds about 1.06% shares in the company for having 1.26 million shares of worth $33.45 million while later fund manager owns 1.06 million shares of worth $28.15 million as of Jun 29, 2023, which makes it owner of about 0.89% of company’s outstanding stock.
