Fisker Inc (NYSE:FSR) shares, rose in value, with the stock price down by -51.94% to the previous day’s close as strong demand from buyers drove the stock to $0.15.
Actively observing the price movement in the last trading, the stock closed the session at $0.32. The value of beta (5-year monthly) was 0.70. Referring to stock’s 52-week performance, its high was $7.22, and the low was $0.29. On the whole, FSR has fluctuated by -79.23% over the past month.
With the market capitalization of Fisker Inc currently standing at about $82.90 million, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.16, which is expected to increase to -$0.08 for fiscal year -$0.45 and then to about -$0.36 by fiscal year 2025. Data indicates that the EPS growth is expected to be 64.30% in 2025, while the next year’s EPS growth is forecast to be 20.00%.
Analysts have estimated the company’s revenue for the quarter at $145.23 million, with a low estimate of $59 million and a high estimate of $215.2 million. According to the average forecast, sales growth in current quarter could jump up 912.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.1 billion, representing an increase of 302.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that FSR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of FSR currently trading nearly -71.29% and -80.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 20.45, while the 7-day volatility ratio is showing 20.31% which for the 30-day chart, stands at 15.25%. Furthermore, Fisker Inc (FSR)’s beta value is 0.70, and its average true range (ATR) is 0.09.
A comparison of Fisker Inc (FSR) with its peers suggests the former has fared considerably weaker in the market. FSR showed an intraday change of -51.94% in last session, and over the past year, it shrunk by -97.47%%.
Data on historical trading for Fisker Inc (NYSE:FSR) indicates that the trading volumes over the past 10 days have averaged 153.95 million and over the past 3 months, they’ve averaged 55.03 million. According to company’s latest data on outstanding shares, there are 535.17 million shares outstanding.
Nearly 25.67% of Fisker Inc’s shares belong to company insiders and institutional investors own 18.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 100.6 million shares as on Feb 29, 2024, resulting in a short ratio of 2.33. According to the data, the short interest in Fisker Inc (FSR) stood at 17.08% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 106.05 million. The stock has fallen by -91.15% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSR stock heading into the next quarter.
