Fluence Energy Inc (NASDAQ:FLNC) price on Wednesday, May 09, fall -2.11% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $20.38.
A look at the stock’s price movement, the close in the last trading session was $20.82. Turning to its 52-week performance, $31.32 and $13.03 were the 52-week high and 52-week low respectively. Overall, FLNC moved 19.60% over the past month.
Fluence Energy Inc’s market cap currently stands at around $2.59 billion.
Analysts have a consensus estimate of 578.76M for the company’s revenue for the quarter, with a low and high estimate of 444.74M and 1.05B respectively. The average forecast suggests up to a 38.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.97B, representing a 34.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FLNC is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
FLNC’s current price about 17.56% and 25.29% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 67.89, while 7-day volatility ratio is 4.79% and 5.31% in the 30-day chart. Further, Fluence Energy Inc (FLNC) has a beta value of 2.51, and an average true range (ATR) of 1.00.
If we refocus on Fluence Energy Inc (NASDAQ:FLNC), historical trading data shows that trading volumes averaged 2.40 million over the past 3 months. The company’s latest data on shares outstanding shows there are 118.90 million shares.
The 43.14% of Fluence Energy Inc’s shares are in the hands of company insiders while institutional holders own 42.47% of the company’s shares. Current price change has pushed the stock -14.55% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FLNC stock continues to rise going into the next quarter.
