FSR Stock Forecast: All the More Reason to Consider Fisker Inc. (FSR) Now

Fisker Inc. (NYSE: FSR) is -11.74% lower on its value in year-to-date trading and has touched a low of $8.70 and a high of $31.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FSR stock was last observed hovering at around $12.37 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $27.50 for the next 12 months. It is also 67.67% off the consensus price target high of $40.00 offered by 9 analysts, but current levels are 13.8% higher than the price target low of $15.00 for the same period.

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Currently trading at $12.93, the stock is -19.84% and -31.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 82.64 million and changing 4.53% at the moment leaves the stock -16.56% off its SMA200. FSR registered 27.26% gain for a year compared to 6-month gain of -3.65%. The firm has a 50-day simple moving average (SMA 50) of $20.83 and a 200-day simple moving average (SMA200) of $16.35.

The stock witnessed a -37.54% loss in the last 1 month and extending the period to 3 months gives it a -14.54%, and is -11.68% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.54% over the week and 7.20% over the month.

Distance from 52-week low is 48.62% and -59.54% from its 52-week high.

Fisker Inc. (FSR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Fisker Inc. (FSR) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Fisker Inc. quarterly earnings per share for the current quarter are estimated at -$0.18.The EPS is expected to shrink by -402.20% this year.

Fisker Inc. (FSR) Top Institutional Holders

162 institutions hold shares in Fisker Inc. (FSR), with 10.93M shares held by insiders accounting for 3.77% while institutional investors hold 40.90% of the company’s shares. The shares outstanding are 277.27M, and float is at 126.07M with Short Float at 15.69%. Institutions hold 39.36% of the Float.

The top institutional shareholder in the company is Apollo Management Holdings, L.P. with over 12.95 million shares valued at $189.66 million. The investor’s holdings represent 8.21% of the FSR Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 10.55 million shares valued at $154.61 million to account for 6.69% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.13 million shares representing 3.89% and valued at over $89.76 million, while Moore Capital Management, LP holds 2.27% of the shares totaling 3.58 million with a market value of $52.5 million.

Fisker Inc. (FSR) Insider Activity

The most recent transaction is an insider sale by Spartan Energy Acquisition Spo, the company’s 10% Owner. SEC filings show that Spartan Energy Acquisition Spo sold 1,250,000 shares of the company’s common stock on Mar 16 at a price of $21.75 per share for a total of $27.19 million. Following the sale, the insider now owns 14.98 million shares.

Fisker Inc. disclosed in a document filed with the SEC on Mar 15 that Spartan Energy Acquisition Spo (10% Owner) sold a total of 793,570 shares of the company’s common stock. The trade occurred on Mar 15 and was made at $22.63 per share for $17.96 million. Following the transaction, the insider now directly holds 14.99 million shares of the FSR stock.

Still, SEC filings show that on Mar 12, Spartan Energy Acquisition Spo (10% Owner) disposed off 830,776 shares at an average price of $23.17 for $19.25 million. The insider now directly holds 15,779,767 shares of Fisker Inc. (FSR).

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