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Wednesday, September 27, 2023

There Is A Quest For Clarity Surrounding Fluence Energy Inc. (NASDAQ: FLNC) Volatility

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 Fluence Energy Inc. (FLNC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.04, or 3.80%, to $28.38. The Fluence Energy Inc. has recorded 160,983 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Statkraft and Fluence’s latest project will help lower overall energy cost and increase energy security.

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Stocks Info

This NASDAQ-listed company operates within the Utilities – Renewable industry segment, falling under the Utilities sector. At the end of the last regular session, the stock closed at $27.34 and fluctuated between $28.14 as its day high and $27.27 as its day low. The current market capitalization of Fluence Energy Inc. is $4.63B. A total of 1.2 million shares were traded on the day, compared to an average of 1.32M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, FLNC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 17 BUYs and 10 SELLs from insiders. Insiders purchased 377,323 shares during that period but sold 310,805.

In the most recent transaction, Couch Carolee sold 50,000 shares of FLNC for 22.78 per share on May 22. After the transaction, the SVP & Chief SC & Manu. Officer now owns 1,200 company shares. In a previous transaction on Mar 03, Boll Rebecca sold 71,158 shares at 19.62 per share. FLNC shares that SVP & Chief Product Officer owns now total 30,395.

Among the insiders who sold shares, Boll Rebecca disposed of 19,706 shares on Mar 02 at a per-share price of $19.23. This resulted in the SVP & Chief Product Officer holding 101,553 shares of FLNC after the transaction. In another insider transaction, Fehr Dennis sold 15,576 shares at $18.64 per share on Sep 14. Company shares held by the SVP & Chief Financial Officer now total 30,590.

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 FLNC in the last 3 months, the mean price target is $32.00 with high estimates of $44.00 and low estimates of $24.00. In terms of 52-week highs and lows, FLNC has a high of $31.32 and a low of $11.90.

As of this writing, FLNC has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.03 per share and a lower estimate of -$0.1. The company reported an EPS of -$0.13 in the last quarter, which was 38.10% higher than expectations of -$0.21.

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. FLNC’s latest balance sheet shows that the firm has $36.83M in Cash & Short Term Investments as of fiscal 2021. There were $100.00M in debt and $771.49M in liabilities at the time. Its Book Value Per Share was $3.34, while its Total Shareholder’s Equity was -$56.20M.

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 FLNC is Buy with a score of 4.00.

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