Stocks of Fisker Inc (NYSE:FSR) traded higher last session on Wall Street, down -7.93% to $1.51.
According to the data, Fisker Inc (NYSE:FSR) has 13 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 $11.00 and a low of $1.00, we find $3.25. Given the previous closing price of $1.64, this indicates a potential upside of 98.17 percent. FSR stock price is now -63.70% away from the 50-day moving average and -72.76% away from the 200-day moving average. The market capitalization of the company currently stands at $529.35M.
A total of 5 analysts have issued a hold rating and 3 have given it a buy rating. Brokers who have rated the stock have averaged $3.95 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 $38494.43. 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 $27.09 million. Insiders disposed of 2,662,524 shares of company stock worth roughly $4.02 million over the past 1 year. A total of 43.37% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $1.6900 for Fisker Inc (NYSE: FSR). During the past 12 months, Fisker Inc has had a low of $1.40 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 $4.1596 and a two-hundred day moving average price translates $5.5429 for the stock.
The latest earnings results from Fisker Inc (NYSE: FSR) was released for Sep, 2023. 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.
