During the last session, Fluence Energy Inc (NASDAQ:FLNC)’s traded shares were 3.28 million, with the beta value of the company hitting 2.38. At the end of the trading day, the stock’s price was $17.07, reflecting an intraday gain of 2.40% or $0.4. The 52-week high for the FLNC share is $27.39, that puts it down -60.46 from that peak though still a striking 25.37% gain since the share price plummeted to a 52-week low of $12.74. The company’s market capitalization is $3.09B, and the average intraday trading volume over the past 10 days was 5.15 million shares, and the average trade volume was 2.34 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 1.46. FLNC has a Sell rating from 0 analyst(s) out of 16 analysts who have looked at this stock. 3 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. Company’s earnings per share (EPS) for the current quarter are expected to be -0.23.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Fluence Energy Inc (FLNC) registered a 2.40% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 2.40% in intraday trading to $17.07, hitting a weekly high. The stock’s 5-day price performance is 1.37%, and it has moved by -16.53% in 30 days. Based on these gigs, the overall price performance for the year is -17.46%. The short interest in Fluence Energy Inc (NASDAQ:FLNC) is 11.03 million shares and it means that shorts have 7.81 day(s) to cover.
The consensus price target of analysts on Wall Street is $26, which implies an increase of 34.35% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $24 and $29 respectively. As a result, FLNC is trading at a discount of -69.89% off the target high and -40.6% 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 -22.41% during the last six months, with a year-to-date growth rate more than the industry average at 330.77% against -9.10. In the rating firms’ projections, revenue will increase 45.36% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 378.57M as predicted by 16 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to 478.79M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 363.96M and 623.14M respectively. In this case, analysts expect current quarter sales to grow by 4.02% and then drop by -23.17% in the coming quarter.
While earnings are projected to return 355.28% in 2024.
FLNC Dividends
Fluence Energy Inc is due to release its next quarterly earnings in January. 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
Fluence Energy Inc insiders own 31.18% of total outstanding shares while institutional holders control 75.64%, with the float percentage being 109.92%. SIEMENS AG is the largest shareholder of the company, while 350.0 institutions own stock in it. As of 2024-06-30, the company held over 39.74 million shares (or 31.3285% of all shares), a total value of $689.06 million in shares.
The next largest institutional holding, with 11.76 million shares, is of SIEMENS PENSION TRUST E V’s that is approximately 9.2722% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $203.94 million.
