While Fluence Energy Inc has overperformed by 1.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FLNC fell by -1.57%, with highs and lows ranging from $27.80 to $12.74, whereas the simple moving average jumped by 15.69% in the last 200 days.
On September 04, 2024, Jefferies started tracking Fluence Energy Inc (NASDAQ: FLNC) recommending Buy. A report published by Guggenheim on August 09, 2024, Upgraded its rating to ‘Buy’ for FLNC. Scotiabank also rated FLNC shares as ‘Sector Perform’, setting a target price of $21 on the company’s shares in an initiating report dated July 12, 2024. Truist Initiated an Buy rating on July 10, 2024, and assigned a price target of $25. Guggenheim June 06, 2024d its ‘Buy’ rating to ‘Neutral’ for FLNC, as published in its report on June 06, 2024. Raymond James’s report from April 03, 2024 suggests a price prediction of $22 for FLNC shares, giving the stock a ‘Outperform’ rating. Susquehanna also rated the stock as ‘Positive’.
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Analysis of Fluence Energy Inc (FLNC)
Further, the quarter-over-quarter decrease in sales is -9.89%, showing a negative trend in the upcoming months.
To gain a thorough understanding of Fluence Energy Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -5.38% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and FLNC is recording an average volume of 2.21M. On a monthly basis, the volatility of the stock is set at 5.80%, whereas on a weekly basis, it is put at 4.89%, with a loss of -0.50% over the past seven days. Furthermore, long-term investors anticipate a median target price of $27.28, showing growth from the present price of $21.88, which can serve as yet another indication of whether FLNC is worth investing in or should be passed over.
How Do You Analyze Fluence Energy Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 42.92%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 56.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
FLNC shares are owned by institutional investors to the tune of 56.07% at present.
