Wolfe Research raised the price target for the Fisker Inc. (NYSE:FSR) stock from “an Underperform” to “a Peer perform”. The rating was released on March 03, 2021. We previously noted in another research note published on February 17, 2021 by R. F. Lafferty that initiated the stock to a Buy for FSR stock. The research report from Morgan Stanley has initiated the stock to Overweight, with a price target set at $27. The stock was initiated by Raymond James, who disclosed in a research note on January 22, 2021, to Mkt Perform. In their research brief published December 11, 2020, Goldman analysts initiated the Fisker Inc. stock to Neutral with a price target of $15.
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Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.05 during the last quarter as opposed to a consensus estimate of -$0.05, which indicates the company missed its estimate by $0, which implies that the company surprised the market by 0.00%. It appears that the average earnings per share estimate for the current quarter (ending in Mar 2021) is -$0.21. This is an average of 5 analysts’ earnings, where the high earnings per share estimate is -$0.16 and the low earnings per share estimate is -$0.3.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Fisker Inc. (NYSE:FSR) dipped -8.81% to close Wednesday’s market session at $17.59, lower as compared to yesterday’s close. The stock price fluctuated between $17.53 and $19.2299 throughout the trading session with the volume trading being 11376784 shares, which represented a significant variation when compared to the three months average volume of 16.78 million shares. The firm’s stock price fluctuated -18.60% within the last five trades and 7.98% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 11.82% in the last 6 months and 10.63% was added to its value over the previous 3 months. FSR stock is trading at a margin of -23.20%, -6.03% and 17.14% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FSR deals in the Consumer Cyclical domain. The stock is trading -44.96 percent below its 52-week high and 102.18 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -32.9. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Fisker Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $4.72 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Fisker Inc. (NYSE:FSR) is 925.79. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. The firm managed a Price-to-Book ratio of 2.22, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.60 percent of Fisker Inc. shares are owned by insiders, and 41.50 percent are held by financial institutions. Spartan Energy Acquisition Spo, the 10% Owner at Fisker Inc. (FSR) has sold 1,250,000 shares of firm on Mar 16 at a price of $21.75 against the total amount of $27.19 million. In another inside trade, Spartan Energy Acquisition Spo, 10% Owner of Fisker Inc. (NYSE:FSR) sold 793,570 shares of the firm on Mar 15 for a total worth of $17.96 million at a price of $22.63. An inside trade which took place on Mar 12, 10% Owner of Fisker Inc. Spartan Energy Acquisition Spo sold 830,776 shares of firm against total price of $19.25 million at the cost of $23.17 per share.