In Tuesday’s Wall Street session, Fluence Energy Inc (NASDAQ:FLNC) shares traded at $5.21, up 0.39% from the previous session.
FLNC stock price is now -57.71% away from the 50-day moving average and -70.54% away from the 200-day moving average. The market capitalization of the company currently stands at $945.87M.
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, von Heynitz Harald, Director bought 7,000 shares of the company’s stock on Feb 18 ’25. The stock was bought for $48,898 at an average price of $6.99. Upon completion of the transaction, the Director now directly owns 29,861 shares in the company, valued at $0.16 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 14 ’25, Director Fessenden Elizabeth Anne bought 1,700 shares of the business’s stock. A total of $10,931 was incurred on buying the stock at an average price of $6.43. This leaves the insider owning 23,561 shares of the company worth $0.12 million. A total of 42.28% of the company’s stock is owned by insiders.
During the past 12 months, Fluence Energy Inc has had a low of $5.15 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 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.
