In the last trading session, 2.09 million Fluence Energy Inc (NASDAQ:FLNC) shares changed hands as the company’s beta touched 2.40. With the company’s per share price at $16.15 changed hands at -$0.41 or -2.48% during last session, the market valuation stood at $2.93B. FLNC’s last price was a discount, traded about -61.73% off its 52-week high of $26.12. The share price had its 52-week low at $12.74, which suggests the last value was 21.11% up since then. When we look at Fluence Energy Inc’s average trading volume, we note the 10-day average is 2.65 million shares, with the 3-month average coming to 2.73 million.
Analysts gave the Fluence Energy Inc (FLNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.48. 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 -0.21.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Instantly FLNC was in red as seen at the end of in last trading. With action -7.13%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 1.70%, with the 5-day performance at -7.13% in the red. However, in the 30-day time frame, Fluence Energy Inc (NASDAQ:FLNC) is -3.12% down. Looking at the short shares, we see there were 11.03 million shares sold at short interest cover period of 7.81 days.
The consensus price target for the stock as assigned by Wall Street analysts is 26, meaning bulls need an upside of 37.88% from its current market value. According to analyst projections, FLNC’s forecast low is 24 with 28 as the target high. To hit the forecast high, the stock’s price needs a -73.37% plunge from its current level, while the stock would need to soar -48.61% 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 -3.06% over the past 6 months, a 323.08% in annual growth rate that is considerably higher than the industry average of -3.90%. Year-over-year growth is forecast to reach 45.19% up from the last financial year.
Consensus estimates given by 14 financial analysts project the company’s revenue in the current quarter to hit an average of 373.67M. 13 analysts are of the opinion that Fluence Energy Inc’s revenue for the current quarter will be 480.28M. The company’s revenue for the corresponding quarters a year ago was 363.96M and 623.14M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 2.67%. The estimates for the next quarter sales put growth at -22.93%.
The 2025 estimates are for Fluence Energy Inc earnings to increase by 357.95%.
FLNC Dividends
Fluence Energy Inc is expected to release its next quarterly earnings report in February.
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 75.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 109.92%. There are 75.64% 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.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund . With 2.0 shares estimated at $32.32 million under it, the former controlled 1.54% of total outstanding shares. On the other hand, Vanguard Small-Cap Index Fund held about 1.25% of the shares, roughly 1.62 shares worth around $26.11 million.
