In the last trading session, 1.71 million Fluence Energy Inc (NASDAQ:FLNC) shares changed hands as the company’s beta touched 2.47. With the company’s per share price at $20.45 changed hands at -$1.22 or -5.63% during last session, the market valuation stood at $3.69B. FLNC’s last price was a discount, traded about -35.94% off its 52-week high of $27.80. The share price had its 52-week low at $12.74, which suggests the last value was 37.7% up since then. When we look at Fluence Energy Inc’s average trading volume, we note the 10-day average is 1.93 million shares, with the 3-month average coming to 1.59 million.
Analysts gave the Fluence Energy Inc (FLNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.44. If we narrow down to specifics, the data shows that 0 out of 16 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 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 0.29.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Instantly FLNC was in red as seen at the end of in last trading. With action -8.79%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -14.26%, with the 5-day performance at -8.79% in the red. However, in the 30-day time frame, Fluence Energy Inc (NASDAQ:FLNC) is -6.49% down. Looking at the short shares, we see there were 11.09 million shares sold at short interest cover period of 7.54 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 21.35% from its current market value. According to analyst projections, FLNC’s forecast low is 18 with 47 as the target high. To hit the forecast high, the stock’s price needs a -129.83% plunge from its current level, while the stock would need to tank 11.98% 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 10.90% over the past 6 months, a 108.33% in annual growth rate that is considerably higher than the industry average of -5.20%. Year-over-year growth is forecast to reach 24.60% up from the last financial year.
Consensus estimates given by 21 financial analysts project the company’s revenue in the current quarter to hit an average of 1.3B. 16 analysts are of the opinion that Fluence Energy Inc’s revenue for the current quarter will be 704.52M. The company’s revenue for the corresponding quarters a year ago was 672.98M and 407.61M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 93.30%. The estimates for the next quarter sales put growth at 72.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 10.91%. The 2024 estimates are for Fluence Energy Inc earnings to increase by 121.33%.
FLNC Dividends
Fluence Energy Inc is expected to release its next quarterly earnings report in December.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 31.18% of Fluence Energy Inc shares while 78.50% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 114.07%. There are 78.50% institutions holding the Fluence Energy Inc stock share, with SIEMENS AG the top institutional holder. As of 2024-06-30, the company held 31.3285% of the shares, roughly 39.74 million FLNC shares worth $689.06 million.
SIEMENS PENSION TRUST E V holds the second largest percentage of outstanding shares, with 9.2722% or 11.76 million shares worth $203.94 million as of 2024-06-30.
