Fluence Energy Inc (NASDAQ:FLNC) has a beta value of 2.39 and has seen 0.5 million shares traded in the recent trading session. The company, currently valued at $3.04B, closed the recent trade at $16.76 per share which meant it lost -$0.19 on the day or -1.09% during that session. The FLNC stock price is -63.42% off its 52-week high price of $27.39 and 23.99% above the 52-week low of $12.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.09 million shares traded. The 3-month trading volume is 2.41 million shares.
The consensus among analysts is that Fluence Energy Inc (FLNC) is Buy stock at the moment, with a recommendation rating of 1.46. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 16 have rated it as a Hold, with 13 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.23.
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Fluence Energy Inc (NASDAQ:FLNC) trade information
Sporting -1.09% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the FLNC stock price touched $16.76 or saw a rise of 4.88%. Year-to-date, Fluence Energy Inc shares have moved -29.71%, while the 5-day performance has seen it change 2.10%. Over the past 30 days, the shares of Fluence Energy Inc (NASDAQ:FLNC) have changed -13.31%. Short interest in the company has seen 11.03 million shares shorted with days to cover at 7.81.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 35.54% from the levels at last check today. The projected low price target is $24.0 while the price target rests at a high of $28.0. In that case, then, we find that the latest price level in today’s session is -67.06% off the targeted high while a plunge would see the stock gain -43.2% from the levels at last check today.
Fluence Energy Inc (FLNC) estimates and forecasts
Figures show that Fluence Energy Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -17.25% over the past 6 months, with this year growth rate of 330.77%, compared to -6.80% for the industry. Revenue growth from the last financial year stood is estimated to be 45.36%.
16 analysts offering their estimates for the company have set an average revenue estimate of 378.57M for the current quarter. 15 have an estimated revenue figure of 478.79M for the next ending quarter. Year-ago sales stood 363.96M and 623.14M respectively for this quarter and the next, and analysts expect sales will grow by 4.02% for the current quarter and 45.36% for the next.
FLNC Dividends
Fluence Energy Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
Insiders own 31.18% of the company shares, while shares held by institutions stand at 75.64% with a share float percentage of 109.92%. Investors are also buoyed by the number of investors in a company, with Fluence Energy Inc having a total of 350.0 institutions that hold shares in the company. The top two institutional holders are SIEMENS AG with over 39.74 million shares worth more than $689.06 million. As of 2024-06-30, SIEMENS AG held 31.3285% of shares outstanding.
The other major institutional holder is SIEMENS PENSION TRUST E V, with the holding of over 11.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $203.94 million and represent 9.2722% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of Sep 30, 2024, the former fund manager holds about 1.54% shares in the company for having 2.0 shares of worth $33.62 million while later fund manager owns 1.62 shares of worth $27.16 million as of Sep 30, 2024, which makes it owner of about 1.25% of company’s outstanding stock.
