In yesterday’s Wall Street session, Fisker Inc (NYSE:FSR) shares traded at $1.83, down -17.94% from the previous session.
13 analysts cover Fisker Inc (NYSE:FSR), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $11.00 and a low of $2.00, we find $4.50. Given the previous closing price of $2.23, this indicates a potential upside of 101.79 percent. FSR stock price is now -63.78% away from the 50-day moving average and -68.44% away from the 200-day moving average. The market capitalization of the company currently stands at $641.52M.
The stock has received a hold rating from 4 analysts and a buy rating from 4. Brokers who have rated the stock have averaged $5.45 as their price target over the next twelve months.
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 $46652.19. 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 $32.83 million. Insiders disposed of 2,662,524 shares of company stock worth roughly $4.87 million over the past 1 year. A total of 43.37% of the company’s stock is owned by insiders.
On Monday morning Fisker Inc (NYSE: FSR) stock kicked off with the opening price of $2.2300. During the past 12 months, Fisker Inc has had a low of $1.79 and a high of $8.66. As of last week, the company has a debt-to-equity ratio of 3.48, a current ratio of 1.68, and a quick ratio of 0.85. The fifty day moving average price for FSR is $5.0528 and a two-hundred day moving average price translates $5.7993 for the stock.
The latest earnings results from Fisker Inc (NYSE: FSR) was released for Sep, 2023. According to the Auto Manufacturers Company, earnings per share came in at -$0.21, missing analysts’ expectations of -$0.19 by -0.02. This compares to -$0.49 EPS in the same period last year. The net profit margin was -640.63% and return on equity was -100.85% for FSR. The company reported revenue of $71.8 million for the quarter, compared to $14000.0 a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 512757.14 percent. For the current quarter, analysts expect FSR to generate $310.9M 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.
