Fisker Inc. (NYSE: FSR) is -17.19% lower on its value in year-to-date trading and has touched a low of $5.59 and a high of $14.74 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 $6.12 in the last trading session, with the day’s loss setting it -0.1% off its average median price target of $12.00 for the next 12 months. It is also 71.33% off the consensus price target high of $21.00 offered by 12 analysts, but current levels are -50.5% lower than the price target low of $4.00 for the same period.
Currently trading at $6.02, the stock is -11.25% and -15.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing -1.63% at the moment leaves the stock -25.38% off its SMA200. FSR registered -43.47% loss for a year compared to 6-month loss of -34.78%.
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The stock witnessed a -12.24% gain in the last 1 month and extending the period to 3 months gives it a -16.62%, and is -8.23% 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 6.71% over the week and 7.48% over the month.
Fisker Inc. (FSR) has around 850 employees, a market worth around $2.05B and $0.30M in sales. Distance from 52-week low is 7.79% and -59.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-46.50%).
Fisker Inc. (FSR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Fisker Inc. (FSR) is a “Hold”. 12 analysts offering their recommendations for the stock have an average rating of 2.90, where 5 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.
Fisker Inc. is expected to release its quarterly report on 05/15/2023.The EPS is expected to shrink by -11.80% this year
Fisker Inc. (FSR) Top Institutional Holders
The shares outstanding are 315.08M, and float is at 183.89M with Short Float at 33.62%.
Fisker Inc. (FSR) Insider Activity
A total of 15 insider transactions have happened at Fisker Inc. (FSR) in the last six months, with sales accounting for 0 and purchases happening 15 times. The most recent transaction is an insider purchase by Fisker Henrik, the company’s President & CEO. SEC filings show that Fisker Henrik bought 33,700 shares of the company’s common stock on Dec 05 at a price of $7.42 per share for a total of $0.25 million. Following the purchase, the insider now owns 0.63 million shares.
Fisker Inc. disclosed in a document filed with the SEC on Dec 05 that Greuel Wendy J. (Director) bought a total of 1,355 shares of the company’s common stock. The trade occurred on Dec 05 and was made at $7.28 per share for $9858.0. Following the transaction, the insider now directly holds 1355.0 shares of the FSR stock.
Still, SEC filings show that on Dec 05, Finnucan John C IV (Chief Accounting Officer) acquired 450 shares at an average price of $7.31 for $3290.0. The insider now directly holds 16,908 shares of Fisker Inc. (FSR).