In Friday’s Wall Street session, Fluence Energy Inc (NASDAQ:FLNC) shares traded at $6.43, up 4.05% from the previous session.
FLNC stock price is now -56.31% away from the 50-day moving average and -65.03% away from the 200-day moving average. The market capitalization of the company currently stands at $833.46M.
With the price target reduced from $20 to $8, BofA Securities Downgraded its rating from Buy to Neutral for Fluence Energy Inc (NASDAQ: FLNC). , while ‘UBS’ rates the stock as ‘Neutral’
In other news, BULLS HERMAN E, Director bought 30,000 shares of the company’s stock on Feb 13 ’25. The stock was bought for $195,900 at an average price of $6.53. Upon completion of the transaction, the Director now directly owns 105,861 shares in the company, valued at $0.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’25, Director Arnold Cynthia A bought 10,000 shares of the business’s stock. A total of $65,600 was incurred on buying the stock at an average price of $6.56. This leaves the insider owning 41,861 shares of the company worth $0.27 million. A total of 42.25% of the company’s stock is owned by insiders.
During the past 12 months, Fluence Energy Inc has had a low of $6.05 and a high of $26.12. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 1.57, and a quick ratio of 1.00. The fifty day moving average price for FLNC is $14.7172 and a two-hundred day moving average price translates $18.3891 for the stock.
The latest earnings results from Fluence Energy Inc (NASDAQ: FLNC) was released for 2024-12-31. The net profit margin was -0.08% and return on equity was -0.49% for FLNC. The company reported revenue of $186.79 million for the quarter, compared to $363.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -48.68 percent.
