The price of Fisker Inc. (NYSE:FSR) shares last traded on Wall Street rose 4.96% to $6.98.
Based on available information, 11 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 $7.50. Given the previous closing price of $6.65, this indicates a potential upside of 12.78 percent. FSR stock price is now 14.84% away from the 50-day moving average and 9.64% away from the 200-day moving average. The market capitalization of the company currently stands at $2.28B.
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Among analysts, 4 rate the stock a hold while 4 rate it a buy. Brokers who have rated the stock have averaged $9.44 as their price target over the next twelve months.
With the price target reduced from $19 to $14, TD Cowen maintained Outperform rating for Fisker Inc. (NYSE: FSR).
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 $0.18 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 $125.2 million. Insiders disposed of 2,648,149 shares of company stock worth roughly $18.48 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 KRANE FUNDS ADVISORS LLC during the first quarter worth $782,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $735,000 in shares of FSR during the first quarter. In the first quarter, SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) acquired a new stake in Fisker Inc. valued at approximately $704,000. POLAR ASSET MANAGEMENT PARTNERS INC. acquired a new stake in FSR for approximately $596,000. ETF MANAGERS GROUP, LLC purchased a new stake in FSR valued at around $587,000 in the second quarter. In total, there are 318 active investors with 47.20% ownership of the company’s stock.
A candlestick chart of Fisker Inc. (NYSE: FSR) showed a price of $6.72 on Friday morning. During the past 12 months, Fisker Inc. has had a low of $4.26 and a high of $10.02. As of last week, the company has a debt-to-equity ratio of 1.56, a current ratio of 1.40, and a quick ratio of 1.10. The fifty day moving average price for FSR is $6.10 and a two-hundred day moving average price translates $6.36 for the stock.
The latest earnings results from Fisker Inc. (NYSE: FSR) was released for Jun, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.25, beating analysts’ expectations of -$0.28 by 0.03. This compares to -$0.36 EPS in the same period last year. The company reported revenue of $0.82 million for the quarter, compared to $10000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8150.0 percent. For the current quarter, analysts expect FSR to generate $147.66M 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.
