In the latest trading session, 1.68 million Fluence Energy Inc (NASDAQ:FLNC) shares changed hands as the company’s beta touched 2.43. With the company’s most recent per share price at $6.73 changed hands at -$0.21 or -3.03% at last look, the market valuation stands at $1.22B. FLNC’s current price is a discount, trading about -288.11% off its 52-week high of $26.12. The share price had its 52-week low at $6.05, which suggests the last value was 10.1% up since then.
Analysts gave the Fluence Energy Inc (FLNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.21. 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 -0.22.
Fluence Energy Inc (NASDAQ:FLNC) trade information
Instantly FLNC was in red as seen in intraday trades today. With action 4.67%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -57.62%, with the 5-day performance at 4.67% in the green. However, in the 30-day time frame, Fluence Energy Inc (NASDAQ:FLNC) is -51.05% down.
The consensus price target for the stock as assigned by Wall Street analysts is 25.5, meaning bulls need an upside of 73.61% from its recent 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 -316.05% plunge from its current level, while the stock would need to soar -256.61% for it to hit the projected low.
Fluence Energy Inc (FLNC) estimates and forecasts
Year-over-year growth is forecast to reach 23.44% up from the last financial year.
Consensus estimates given by 15 financial analysts project the company’s revenue in the current quarter to hit an average of 332.18M. 15 analysts are of the opinion that Fluence Energy Inc’s revenue for the current quarter will be 1.14B. The company’s revenue for the corresponding quarters a year ago was 623.14M and 483.32M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -46.69%. The estimates for the next quarter sales put growth at 135.45%.
The 2025 estimates are for Fluence Energy Inc earnings to decrease by -6.01%, but the outlook for the next 5-year period is at 82.75% per year.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
SIEMENS PENSION TRUST E V holds the second largest percentage of outstanding shares, with 9.1948% 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 iShares Russell 2000 ETF. With 2.0 shares estimated at $13.48 million under it, the former controlled 1.54% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 1.31% of the shares, roughly 1.71 shares worth around $11.51 million.
