Fisker Inc. (NYSE:FSR) price closed higher on Monday, September 13, jumping 0.29% above its previous close.
A look at the daily price movement shows that the last close reads $13.56, with intraday deals fluctuated between $13.15 and $13.75. Taking into account the 52-week price action we note that the stock hit a 52-week high of $31.96 and 52-week low of $8.70. The stock subtracted -10.23% on its value in the past month.
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Fisker Inc., which has a market valuation of $4.15 billion, is expected to release its quarterly earnings report Oct 26, 2021 – Nov 01, 2021. Analysts tracking FSR have forecast the quarterly EPS to shrink by -0.36 per share this quarter, while the same analysts predict the annual EPS to hit -$1.51 for the year 2021 and up to -$0.89 for 2022. In this case, analysts estimate an annual EPS growth of -277.50% for the year and 41.10% for the next year.
Staying with the analyst view, there is a consensus estimate of $20k for the company’s annual revenue in 2021.
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 FSR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 9 analysts have assigned FSR a recommendation rating as follows: 3 rate it as a Hold; 4 advise Buy while 1 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the Fisker Inc. (FSR) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that FSR’s price is at present -2.42% off the SMA20 and -11.32% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.18, with weekly volatility standing at 3.91%. The indicator jumps to 4.73% when calculated based on the past 30 days. Fisker Inc. (NYSE:FSR)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 0.82. Considering analysts have assigned the stock a price target range of $10.00-$40.00 as the low and high respectively, we find the trailing 12-month average consensus price target to be $23.29. Based on this estimate, we see that current price is roughly 26.47% off the estimated low and -194.12% off the forecast high. Investors will no doubt be excited to see the share price fall to $24.00, which is the median consensus price, and at that level FSR would be -76.47% from current price.
An analysis of the Fisker Inc. (NYSE:FSR) stock in terms of its daily trading volume indicates that the 3-month average is 8.89 million.
Current records show that the company has 295.28M in outstanding shares. The insiders’ percentage holdings are 1.40% of outstanding shares while the percentage share held by institutions stands at 43.90%. But the -7.17% 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.