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Wednesday, March 22, 2023

Is Fisker Inc. (NYSE: FSR) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Fisker Inc. (FSR) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $7.13. The Fisker Inc. has recorded 50,685 volume in the after hours trading session.


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Stocks Info

This NYSE-listed company operates within the Auto Manufacturers industry segment, falling under the Consumer Cyclical sector. At the end of the last regular session, the stock closed at $7.13 and fluctuated between $7.47 as its day high and $7.06 as its day low. The current market capitalization of Fisker Inc. is $2.43B. A total of 7.17 million shares were traded on the day, compared to an average of 6.85M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FSR has seen 9 BUY and 0 SELL insider trades, representing the acquisition of 45,891 and the disposition of 0 shares. Over the last 12 months, there were 38 BUYs and 4 SELLs from insiders. Insiders purchased 222,960 shares during that period but sold 17,687.

In the most recent transaction, Fisker Henrik bought 33,700 shares of FSR for 7.42 per share on Dec 05. After the transaction, the President & CEO now owns 629,218 company shares. In a previous transaction on Dec 05, Greuel Wendy J. bought 1,355 shares at 7.28 per share. FSR shares that Director owns now total 1,355.

Among the insiders who bought shares, Finnucan John C IV acquired of 450 shares on Dec 05 at a per-share price of $7.31. This resulted in the Chief Accounting Officer holding 16,908 shares of FSR after the transaction. In another insider transaction, Huhnke Burkhard J. sold 7,500 shares at $10.30 per share on Mar 14. Company shares held by the Chief Technology Officer now total 6,850.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for FSR in the last 3 months, the mean price target is $11.05 with high estimates of $21.00 and low estimates of $4.00. In terms of 52-week highs and lows, FSR has a high of $14.74 and a low of $5.59.

As of this writing, FSR has an earnings estimate of -$0.41 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.33 per share and a lower estimate of -$0.5. The company reported an EPS of -$0.36 in the last quarter, which was 12.20% higher than expectations of -$0.41.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 11 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FSR is Hold with a score of 3.63. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 2 thought it should be Sold.

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