In the last trading session, 2.15 million shares of the Fluence Energy Inc (NASDAQ:FLNC) were traded, and its beta was 2.49. Most recently the company’s share price was $21.09, and it changed around $1.45 or 7.38% from the last close, which brings the market valuation of the company to $3.81B. FLNC currently trades at a discount to its 52-week high of $27.80, offering almost -31.82% off that amount. The share price’s 52-week low was $12.74, which indicates that the current value has risen by an impressive 39.59% since then. We note from Fluence Energy Inc’s average daily trading volume that its 10-day average is 2.09 million shares, with the 3-month average coming to 1.61 million.
Fluence Energy Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.44. If we narrow it down even further, the data shows that 1 out of 29 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 5 recommended FLNC as a Hold, whereas 15 deemed it a Buy, and 0 rated it as Underweight. Fluence Energy Inc is expected to report earnings per share of 0.29 for the current quarter.
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Fluence Energy Inc (NASDAQ:FLNC) trade information
Instantly FLNC has showed a green trend with a performance of 7.38% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 21.35 on recent trading dayincreased the stock’s daily price by 1.22%. The company’s shares are currently down -11.57% year-to-date, but still up 3.13% over the last five days. On the other hand, Fluence Energy Inc (NASDAQ:FLNC) is 1.98% up in the 30-day period. We can see from the shorts that 11.03 million shares have been sold at a short interest cover period of 7.81 day(s).
The consensus price target as assigned by Wall Street analysts is $26, which translates to bulls needing to increase their stock price by 18.88% from its current value. Analyst projections state that FLNC is forecast to be at a low of $18 and a high of $47.
Fluence Energy Inc (FLNC) estimates and forecasts
Fluence Energy Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.94 percent over the past six months and at a 110.00% annual growth rate that is well above the industry average of -7.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 771.20% in revenue this quarter, and will report an increase of 119.86% in the next quarter. The year-over-year growth rate is expected to be 24.42%, up from the previous year.
Consensus estimates provided by 18 financial analysts predict the company will bring in an average of 1.29B in revenue for the current quarter. 13 analysts expect Fluence Energy Inc to make 664.21M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 672.98M and 363.96M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 91.73%. Forecasts for the next quarter put sales growth at 82.50%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 10.91%.
FLNC Dividends
Fluence Energy Inc’s next quarterly earnings report is expected to be released in December.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 31.18% of Fluence Energy Inc shares, and 75.65% of them are in the hands of institutional investors. The stock currently has a share float of 109.92%. Fluence Energy Inc stock is held by 349.0 institutions, with SIEMENS AG being the largest institutional investor. By 2024-06-30, it held 31.3285% of the shares, which is about 39.74 million shares worth $689.06 million.
SIEMENS PENSION TRUST E V, with 9.2722% or 11.76 million shares worth $203.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
