Fluence Energy Inc (NASDAQ:FLNC) price closed lower on Friday, April 12, dropping -3.93% below its previous close.
A look at the daily price movement shows that the last close reads $16.80. The company’s 5Y monthly beta was ticking 2.56. Taking into account the 52-week price action we note that the stock hit a 52-week high of $31.32 and 52-week low of $13.03. The stock added 12.79% on its value in the past month.
Fluence Energy Inc, which has a market valuation of $2.05 billion, is expected to release its quarterly earnings report May 11, 2024 – May 15, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FLNC a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that FLNC’s price is at present 1.28% off the SMA20 and -4.55% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 47.96, with weekly volatility standing at 4.83%. The indicator jumps to 5.78% when calculated based on the past 30 days. Fluence Energy Inc (NASDAQ:FLNC)’s beta value is holding at 2.56, while the average true range (ATR) indicator is currently reading 0.99. An analysis of the Fluence Energy Inc (NASDAQ:FLNC) stock in terms of its daily trading volume indicates that the 3-month average is 2.42 million.
Current records show that the company has 118.90M in outstanding shares. The insiders’ percentage holdings are 44.18% of outstanding shares while the percentage share held by institutions stands at 42.46%. But the -32.33% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
