In the latest trading session, 0.82 million Fluence Energy Inc (NASDAQ:FLNC) shares changed hands as the company’s beta touched 2.32. With the company’s most recent per share price at $4.30 changing hands around $0.01 or 0.35% at last look, the market valuation stands at $781.57M. FLNC’s current price is a discount, trading about -507.44% off its 52-week high of $26.12. The share price had its 52-week low at $3.63, which suggests the last value was 15.58% up since then. When we look at Fluence Energy Inc’s average trading volume, we note the 10-day average is 4.96 million shares, with the 3-month average coming to 6.00 million.
Analysts gave the Fluence Energy Inc (FLNC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.20. 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 is in green as seen in intraday trades today. With action -10.31%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -72.89%, with the 5-day performance at -10.31% in the red. However, in the 30-day time frame, Fluence Energy Inc (NASDAQ:FLNC) is -19.83% down. Looking at the short shares, we see there were 20.37 million shares sold at short interest cover period of 3.37 days.
The consensus price target for the stock as assigned by Wall Street analysts is 25, meaning bulls need an upside of 82.8% from its recent market value. According to analyst projections, FLNC’s forecast low is 8 with 28 as the target high. To hit the forecast high, the stock’s price needs a -551.16% plunge from its current level, while the stock would need to soar -86.05% for it to hit the projected low.
Fluence Energy Inc (FLNC) estimates and forecasts
Year-over-year growth is forecast to reach 23.43% up from the last financial year.
Consensus estimates given by 16 financial analysts project the company’s revenue in the current quarter to hit an average of 326.7M. 16 analysts are of the opinion that Fluence Energy Inc’s revenue for the current quarter will be 1.12B. 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 -47.57%. The estimates for the next quarter sales put growth at 130.73%.
The 2025 estimates are for Fluence Energy Inc earnings to decrease by -68.30%, but the outlook for the next 5-year period is at 62.56% per year.
Fluence Energy Inc (NASDAQ:FLNC)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 31.04% of Fluence Energy Inc shares while 80.60% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 116.88%. There are 80.60% institutions holding the Fluence Energy Inc stock share, with SIEMENS AG the top institutional holder. As of 2024-06-30, the company held 31.0672% 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 9.1948% or 11.76 million shares worth $203.94 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund. With 2.0 shares estimated at $8.47 million under it, the former controlled 1.54% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund held about 1.26% of the shares, roughly 1.64 shares worth around $6.94 million.
