Stocks of Fisker Inc (NYSE:FSR) traded higher last session on Wall Street, up 7.03% to $4.11.
FSR stock price is now -27.82% away from the 50-day moving average and -31.82% away from the 200-day moving average. The market capitalization of the company currently stands at $1.41B.
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 $0.1 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 $73.72 million. Insiders disposed of 2,662,524 shares of company stock worth roughly $10.94 million over the past 1 year. A total of 44.11% of the company’s stock is owned by insiders.
During the past 12 months, Fisker Inc has had a low of $3.68 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 $5.6938 and a two-hundred day moving average price translates $6.0280 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 $109.03M 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.