Fluence Energy Inc (NASDAQ:FLNC) shares, rose in value, with the stock price up by 4.68% to the previous day’s close as strong demand from buyers drove the stock to $14.10.
Actively observing the price movement in the last trading, the stock closed the session at $13.47. The value of beta (5-year monthly) was 2.54. Referring to stock’s 52-week performance, its high was $31.32, and the low was $13.34. On the whole, FLNC has fluctuated by -33.11% over the past month.
With the market capitalization of Fluence Energy Inc currently standing at about $1.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 11, 2024 – May 15, 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 -$0.06, which is expected to increase to $0.22 for fiscal year $0.16 and then to about $0.94 by fiscal year 2025. Data indicates that the EPS growth is expected to be 140.00% in 2025, while the next year’s EPS growth is forecast to be 487.50%.
Analysts have estimated the company’s revenue for the quarter at $594.34 million, with a low estimate of $444.74 million and a high estimate of $1.05 billion. According to the average forecast, sales growth in current quarter could jump up 42.30%, 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 $2.98 billion, representing an increase of 34.40% 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 FLNC’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 FLNC currently trading nearly -10.14% and -24.76% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.58, while the 7-day volatility ratio is showing 6.40% which for the 30-day chart, stands at 8.00%. Furthermore, Fluence Energy Inc (FLNC)’s beta value is 2.53, and its average true range (ATR) is 1.18.
A comparison of Fluence Energy Inc (FLNC) with its peers suggests the former has fared considerably weaker in the market. FLNC showed an intraday change of 4.68% in last session, and over the past year, it shrunk by -14.55%%.
Data on historical trading for Fluence Energy Inc (NASDAQ:FLNC) indicates that the trading volumes over the past 10 days have averaged 2.18 million and over the past 3 months, they’ve averaged 2.56 million. According to company’s latest data on outstanding shares, there are 118.90 million shares outstanding.
Nearly 44.14% of Fluence Energy Inc’s shares belong to company insiders and institutional investors own 42.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.6 million shares as on Feb 29, 2024, resulting in a short ratio of 3.73. According to the data, the short interest in Fluence Energy Inc (FLNC) stood at 9.91% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 8.09 million. The stock has fallen by -40.88% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FLNC stock heading into the next quarter.
