In yesterday’s Wall Street session, Fisker Inc (NYSE:FSR) shares traded at $1.61, down -6.94% 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 $1.00, we find $3.25. Given the previous closing price of $1.73, this indicates a potential upside of 87.86 percent. FSR stock price is now -64.92% away from the 50-day moving average and -71.60% away from the 200-day moving average. The market capitalization of the company currently stands at $564.40M.
The stock has received a hold rating from 5 analysts and a buy rating from 3. Brokers who have rated the stock have averaged $4.55 as their price target over the next twelve months.
With the price target reduced from $6 to $2, Evercore ISI Downgraded its rating from Outperform to In-line 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 $41043.73. 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 $28.88 million. Insiders disposed of 2,662,524 shares of company stock worth roughly $4.29 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 $1.6400. During the past 12 months, Fisker Inc has had a low of $1.52 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 $4.5894 and a two-hundred day moving average price translates $5.6700 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.
