The price of Fisker Inc. (NYSE:FSR) shares last traded on Wall Street fell -2.34% to $6.25.
Based on available information, 12 analysts follow Fisker Inc. (NYSE:FSR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $19.00 and a low of $4.00, we find $9.00. Given the previous closing price of $6.40, this indicates a potential upside of 40.62 percent. FSR stock price is now 8.20% away from the 50-day moving average and -14.25% away from the 200-day moving average. The market capitalization of the company currently stands at $2.07B.
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Among analysts, 5 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $10.25 as their price target over the next twelve months.
On February 15, 2023, Barclays recently initiated its ‘Underweight’ rating on the stock quoting a target price of $6, while ‘Morgan Stanley’ rates the stock as ‘Underweight’.
In other news, Huhnke Burkhard J., Chief Technology Officer sold 10,280 shares of the company’s stock on Mar 28. The stock was sold for $60,960 at an average price of $5.93. Upon completion of the transaction, the Chief Technology Officer now directly owns 25,493 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13, 10% Owner FIFTHDELTA Ltd sold 1,529,026 shares of the business’s stock. A total of $10,015,120 was realized by selling the stock at an average price of $6.55. This leaves the insider owning 17,937,500 shares of the company worth $112.11 million. Insiders disposed of 2,648,149 shares of company stock worth roughly $16.55 million over the past 1 year. A total of 1.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FSR stock. A new stake in Fisker Inc. shares was purchased by COATUE MANAGEMENT LLC during the first quarter worth $11,590,000. D. E. SHAW & CO., INC. invested $4,634,000 in shares of FSR during the first quarter. In the first quarter, MIZUHO MARKETS AMERICAS LLC acquired a new stake in Fisker Inc. valued at approximately $3,109,000. TWO SIGMA ADVISERS, LP acquired a new stake in FSR for approximately $1,290,000. TUDOR INVESTMENT CORP ET AL purchased a new stake in FSR valued at around $1,077,000 in the second quarter. In total, there are 324 active investors with 47.20% ownership of the company’s stock.
A candlestick chart of Fisker Inc. (NYSE: FSR) showed a price of $6.40 on Thursday morning. During the past 12 months, Fisker Inc. has had a low of $4.26 and a high of $11.59. As of last week, the company has a debt-to-equity ratio of 1.62, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for FSR is $5.76 and a two-hundred day moving average price translates $7.27 for the stock.
The latest earnings results from Fisker Inc. (NYSE: FSR) was released for Mar, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.38, missing analysts’ expectations of -$0.3 by -0.08. This compares to -$0.41 EPS in the same period last year. The company reported revenue of $0.2 million for the quarter, compared to $12000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1550.0 percent. For the current quarter, analysts expect FSR to generate $72.6M in revenue.
Fisker Inc.(FSR) Company Profile
Fisker Inc. develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business. In addition, it offers fisker flexible platform agnostic design, a process that develops and designs electric vehicles in specific segment size. The company was incorporated in 2016 and is headquartered in Manhattan Beach, California.
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