Stocks of Fisker Inc (NYSE:FSR) traded higher last session on Wall Street, down -5.85% to $5.63.
According to the data, Fisker Inc (NYSE:FSR) has 11 analysts covering its stock. 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 $5.98, this indicates a potential upside of 25.42 percent. FSR stock price is now -7.24% away from the 50-day moving average and -11.20% away from the 200-day moving average. The market capitalization of the company currently stands at $1.93B.
A total of 4 analysts have issued a hold rating and 4 have given it a buy rating. 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 $0.14 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 $100.99 million. Insiders disposed of 2,648,149 shares of company stock worth roughly $14.91 million over the past 1 year. A total of 44.11% 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 $631,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $593,000 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 $568,000. POLAR ASSET MANAGEMENT PARTNERS INC. acquired a new stake in FSR for approximately $480,000. ETF MANAGERS GROUP, LLC purchased a new stake in FSR valued at around $474,000 in the second quarter. In total, there are 318 active investors with 32.60% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $6.03 for Fisker Inc (NYSE: FSR). During the past 12 months, Fisker Inc has had a low of $4.26 and a high of $8.85. As of last week, the company has a debt-to-equity ratio of 1.68, a current ratio of 1.44, and a quick ratio of 1.05. The fifty day moving average price for FSR is $6.07 and a two-hundred day moving average price translates $6.34 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 net profit margin was -38913.48% and return on equity was -101.40% for FSR. 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.
