Fluence Energy, Inc. (NASDAQ:FLNC - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $6.03 and last traded at $6.17, with a volume of 906856 shares traded. The stock had previously closed at $6.15.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Roth Capital lowered shares of Fluence Energy from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, February 12th. Citigroup lowered their price target on shares of Fluence Energy from $24.00 to $10.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Jefferies Financial Group lowered shares of Fluence Energy from a "buy" rating to a "hold" rating and lowered their price target for the stock from $22.00 to $15.00 in a research report on Wednesday, January 22nd. Roth Mkm lowered shares of Fluence Energy from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $20.00 to $6.50 in a research report on Wednesday, February 12th. Finally, Barclays decreased their target price on shares of Fluence Energy from $22.00 to $9.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Fluence Energy presently has a consensus rating of "Hold" and an average target price of $14.34.
Read Our Latest Analysis on Fluence Energy
Fluence Energy Stock Performance
The stock has a market cap of $989.44 million, a price-to-earnings ratio of -109.00 and a beta of 2.37. The stock's 50 day moving average is $12.15 and its two-hundred day moving average is $17.15. The company has a current ratio of 1.57, a quick ratio of 1.14 and a debt-to-equity ratio of 0.74.
Fluence Energy (NASDAQ:FLNC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The company reported ($0.32) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.15). Fluence Energy had a negative return on equity of 0.36% and a negative net margin of 0.08%. Analysts anticipate that Fluence Energy, Inc. will post 0.08 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, Director Herman E. Bulls acquired 10,000 shares of the business's stock in a transaction on Monday, December 23rd. The stock was bought at an average price of $15.57 per share, for a total transaction of $155,700.00. Following the transaction, the director now owns 75,861 shares in the company, valued at $1,181,155.77. This represents a 15.18 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Julian Nebreda acquired 23,500 shares of the business's stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $6.35 per share, with a total value of $149,225.00. Following the transaction, the chief executive officer now owns 120,455 shares in the company, valued at $764,889.25. The trade was a 24.24 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 79,000 shares of company stock worth $601,265. 0.65% of the stock is owned by insiders.
Hedge Funds Weigh In On Fluence Energy
Large investors have recently bought and sold shares of the company. Sanders Morris Harris LLC purchased a new position in Fluence Energy during the 4th quarter worth $812,000. Cidel Asset Management Inc. purchased a new position in shares of Fluence Energy in the 4th quarter valued at about $350,000. SG Americas Securities LLC increased its holdings in shares of Fluence Energy by 79.2% in the 4th quarter. SG Americas Securities LLC now owns 48,883 shares of the company's stock valued at $776,000 after purchasing an additional 21,597 shares in the last quarter. FMR LLC increased its holdings in shares of Fluence Energy by 9.0% in the 3rd quarter. FMR LLC now owns 1,606,100 shares of the company's stock valued at $36,475,000 after purchasing an additional 132,868 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in shares of Fluence Energy in the 3rd quarter valued at about $5,742,000. Hedge funds and other institutional investors own 53.16% of the company's stock.
About Fluence Energy
(
Get Free Report)
Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.
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