Fisker Inc (NYSE: FSR) stock fell -13.52% on Friday to $2.43 against a previous-day closing price of $2.81. With 40.19 million shares changed hands, the volume of the stock remained heavier than its average volume of 8.24 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $2.8600 whereas the lowest price it dropped to was $2.4000. The 52-week range on FSR shows that it touched its highest point at $8.69 and its lowest point at $2.81 during that stretch. It currently has a 1-year price target of $5.90. Beta for the stock currently stands at 0.83.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FSR was down-trending over the past week, with a drop of -36.72%, but this was down by -57.44% over a month. Three-month performance dropped to -56.84% while six-month performance fell -60.62%. The stock lost -70.22% in the past year, while it has lost -66.57% so far this year. A look at the trailing 12-month EPS for FSR yields -1.43 with Next year EPS estimates of -0.57. For the next quarter, that number is -0.20. This implies an EPS growth rate of 39.85% for this year and 47.65% for next year.
Float and Shares Shorts:
At present, 343.24 million FSR shares are outstanding with a float of 191.82 million shares on hand for trading. On Oct 30, 2023, short shares totaled 86.13 million, which was 25.09% higher than short shares on Sep 28, 2023. In addition to Mr. Henrik Fisker as the firm’s President, Chairman & CEO, Dr. Geeta Gupta-Fisker serves as its CFO, COO & Director.
Institutional Ownership:
Through their ownership of 49.65% of FSR’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 30.11% of FSR, in contrast to 24.31% held by mutual funds. Shares owned by individuals account for 22.63%. As the largest shareholder in FSR with 8.72% of the stake, The Vanguard Group, Inc. holds 18,390,365 shares worth 18,390,365. A second-largest stockholder of FSR, BlackRock Fund Advisors, holds 12,812,359 shares, controlling over 6.08% of the firm’s shares. Moore Capital Management LP is the third largest shareholder in FSR, holding 10,568,185 shares or 5.01% stake. With a 3.44% stake in FSR, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 7,245,570 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.14% of FSR stock, is the second-largest Mutual Fund holder. It holds 6,614,533 shares valued at 29.77 million. Vanguard Small Cap Index Fund holds 2.58% of the stake in FSR, owning 5,443,042 shares worth 24.49 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FSR analysts setting a high price target of $11.00 and a low target of $2.00, the average target price over the next 12 months is $5.90. Based on these targets, FSR could surge 352.67% to reach the target high and fall by -17.7% to reach the target low. Reaching the average price target will result in a growth of 142.8% from current levels.
Summary of Insider Activity:
Insiders traded FSR stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 14,375 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 1,819,448 while 2,662,524 shares were sold.
