Fluence Energy Inc (NASDAQ: FLNC)’s Stock Is Up 17.43%, A Prediction For What Could Come Next

During the recent session, Fluence Energy Inc (NASDAQ:FLNC)’s traded shares were 0.77 million, with the beta value of the company hitting 2.49. At the last check today, the stock’s price was $15.78, reflecting an intraday loss of -4.30% or -$0.71. The 52-week high for the FLNC share is $31.32, that puts it down -98.48 from that peak though still a striking 17.43% gain since the share price plummeted to a 52-week low of $13.03. The company’s market capitalization is $2.02B, and the average intraday trading volume over the past 10 days was 2.89 million shares, and the average trade volume was 2.68 million shares over the past three months.

Fluence Energy Inc (FLNC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.71. FLNC has a Sell rating from 0 analyst(s) out of 15 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 13 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.

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Fluence Energy Inc (NASDAQ:FLNC) trade information

Fluence Energy Inc (FLNC) registered a -4.30% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -4.30% in intraday trading to $15.78, hitting a weekly high. The stock’s 5-day price performance is -14.88%, and it has moved by -22.11% in 30 days. Based on these gigs, the overall price performance for the year is -47.68%. The short interest in Fluence Energy Inc (NASDAQ:FLNC) is 9.13 million shares and it means that shorts have 3.28 day(s) to cover.

The extremes of the forecast give a target low and a target high price of $18 and $47 respectively. As a result, FLNC is trading at a discount of -197.85% off the target high and -14.07% off the low.

Fluence Energy Inc (FLNC) estimates and forecasts

Statistics show that Fluence Energy Inc has outperformed its competitors in share price, compared to the industry in which it operates. Fluence Energy Inc (FLNC) shares have gone down -18.87% during the last six months, with a year-to-date growth rate more than the industry average at 116.67% against 7.00.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.91%. While earnings are projected to return 132.27% in 2024.

FLNC Dividends

Fluence Energy Inc is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

The next largest institutional holding, with 11.76 million shares, is of SIEMENS PENSION TRUST E V’s that is approximately 9.7109% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $203.94 million.