Fluence Energy Inc (NASDAQ:FLNC)’s traded shares stood at 1.68 million during the last session, with the company’s beta value hitting 2.48. At the close of trading, the stock’s price was $19.34, to imply a decrease of -7.95% or -$1.67 in intraday trading. The FLNC share’s 52-week high remains $27.80, putting it -43.74% down since that peak but still an impressive 34.13% since price per share fell to its 52-week low of $12.74. The company has a valuation of $3.49B, with an average of 2.03 million shares in intraday trading volume over the past 10 days and average of 1.58 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Fluence Energy Inc (FLNC), translating to a mean rating of 1.44. Of 16 analyst(s) looking at the stock, 0 analyst(s) give FLNC a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.29.
Fluence Energy Inc (NASDAQ:FLNC) trade information
After registering a -7.95% downside in the last session, Fluence Energy Inc (FLNC) has traded red over the past five days. The 5-day price performance for the stock is -6.43%, and -9.54% over 30 days. With these gigs, the year-to-date price performance is -18.91%. Short interest in Fluence Energy Inc (NASDAQ:FLNC) saw shorts transact 11.03 million shares and set a 7.81 days time to cover.
The extremes give us $18 and $47 for target low and target high price respectively. As such, FLNC has been trading -143.02% off suggested target high and 6.93% from its likely low.
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 5.57% up over the last 6 months, with its year-to-date growth rate higher than industry average at 108.33% against -5.10%. Revenue is forecast to grow 771.20% this quarter before jumping 119.86% for the next one. The rating firms project that company’s revenue will grow 24.42% compared to the previous financial year.
Revenue forecast for the current quarter as set by 18 analysts is 1.29B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 664.21M.Earnings reports from the last fiscal year show that sales brought in 672.98M and 363.96M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 91.73% before jumping 82.50% in the following quarter.
FLNC Dividends
Fluence Energy Inc has its next earnings report out on 2024-Nov-25. 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 (NASDAQ:FLNC)’s Major holders
Fluence Energy Inc insiders hold 31.18% of total outstanding shares, with institutional holders owning 75.59% of the shares at 109.84% float percentage. In total, 75.59% institutions holds shares in the company, led by SIEMENS AG. As of 2024-06-30, the company held over 39.74 million shares (or 31.3285% of shares), all amounting to roughly $689.06 million.
The next major institution holding the largest number of shares is SIEMENS PENSION TRUST E V with 11.76 million shares, or about 9.2722% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $203.94 million.
