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Friday, June 9, 2023

What Are The Chances Of Fisker Inc. (NYSE: FSR) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Fisker Inc. (FSR) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.02, or -0.30%, to $6.65. The Fisker Inc. has recorded 116,195 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Fisker Affirms Commitment to Renewable Energy Use With European Public Charging Partner Allego.

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Stocks Info

As a NYSE listed company, FSR falls under the Consumer Cyclical sector while operating within the Auto Manufacturers industry segment. At the end of the last regular session, the stock closed at $6.67 and fluctuated between $6.70 as its day high and $6.15 as its day low. The current market capitalization of Fisker Inc. is $2.23B. A total of 7.6 million shares were traded on the day, compared to an average of 8.51M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FSR has seen 8 BUY and 1 SELL insider trades, representing the acquisition of 51,673 and the disposition of 10,280 shares. Over the last 12 months, there were 40 BUYs and 4 SELLs from insiders. Insiders purchased 1,745,394 shares during that period but sold 2,648,149.

In the most recent transaction, Huhnke Burkhard J. sold 10,280 shares of FSR for 5.93 per share on Mar 28. After the transaction, the Chief Technology Officer now owns 25,493 company shares. In a previous transaction on Feb 13, FIFTHDELTA Ltd sold 1,529,026 shares at 6.55 per share. FSR shares that 10% Owner owns now total 17,937,500.

Among the insiders who sold shares, FIFTHDELTA Ltd disposed of 713,727 shares on Feb 10 at a per-share price of $6.93. This resulted in the 10% Owner holding 19,466,526 shares of FSR after the transaction. In another insider transaction, FIFTHDELTA Ltd sold 395,116 shares at $7.53 per share on Feb 09. Company shares held by the 10% Owner now total 20,180,253.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FSR in the last 3 months, the mean price target is $10.25 with high estimates of $19.00 and low estimates of $4.00. In terms of 52-week highs and lows, FSR has a high of $11.59 and a low of $4.26.

As of this writing, FSR has an earnings estimate of -$0.27 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.17 per share and a lower estimate of -$0.36. The company reported an EPS of -$0.54 in the last quarter, which was -28.60% lower than expectations of -$0.42.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FSR’s latest balance sheet shows that the firm has $1.20B in Cash & Short Term Investments as of fiscal 2021. There were $678.83M in debt and $112.33M in liabilities at the time. Its Book Value Per Share was $1.27, while its Total Shareholder’s Equity was $800.04M.

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, 0 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 Buy with a score of 3.50.

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