Fluence Energy Inc (NASDAQ: FLNC) is -37.90% lower on its value in year-to-date trading and has touched a low of $13.41 and a high of $31.32 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 FLNC stock was last observed hovering at around $15.11 in the last trading session, with the day’s loss setting it -0.3%.
Currently trading at $14.81, the stock is -18.09% and -27.03% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.03 million and changing -1.99% at the moment leaves the stock -35.13% off its SMA200. FLNC registered -28.07% loss for a year compared to 6-month loss of -46.22%. The firm has a 50-day simple moving average (SMA 50) of $0.71 and a 200-day simple moving average (SMA200) of -$19.75.
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The stock witnessed a -25.16% gain in the last 1 month and extending the period to 3 months gives it a -42.53%, and is -2.37% 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 6.11% over the week and 8.30% over the month.
Fluence Energy Inc (FLNC) has around 1112 employees, a market worth around $1.88B and $2.27B in sales. Fwd P/E is 16.20. Profit margin for the company is -2.72%. Distance from 52-week low is 10.44% and -52.71% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.77%).
Fluence Energy Inc quarterly earnings per share for the current quarter are estimated at -$0.06 with sales reaching $594.34M over the same period.The EPS is expected to grow by 139.67% this year, but quarterly earnings will post 34.80% year-over-year. Quarterly sales are estimated to grow 42.30% in year-over-year returns.
Fluence Energy Inc (FLNC) Top Institutional Holders
317 institutions hold shares in Fluence Energy Inc (FLNC), with institutional investors hold 108.84% of the company’s shares. The shares outstanding are 118.90M, and float is at 70.75M with Short Float at 14.90%. Institutions hold 74.54% of the Float.
The top institutional shareholder in the company is Siemens Ag with over 39.74 million shares valued at $1.06 billion. The investor’s holdings represent 33.53% of the FLNC Shares outstanding. As of Jun 29, 2023, the second largest holder is Siemens Pension Trust E.V. with 18.85 million shares valued at $502.13 million to account for 15.91% of the shares outstanding. The other top investors are BNP Paribas Asset Management Holding S.A. which holds 3.86 million shares representing 3.26% and valued at over $102.88 million, while Vanguard Group Inc holds 3.22% of the shares totaling 3.82 million with a market value of $101.7 million.
Fluence Energy Inc (FLNC) Insider Activity
A total of 2 insider transactions have happened at Fluence Energy Inc (FLNC) in the last six months, with sales accounting for 1 and purchases happening 1 times. The most recent transaction is an insider purchase by Nebreda Julian,the company’sPresident and CEO. SEC filings show that Nebreda Julian bought 6,700 shares of the company’s common stock on Mar 04 at a price of $14.77 per share for a total of $98926.0. Following the purchase, the insider now owns 55090.0 shares.
Fluence Energy Inc disclosed in a document filed with the SEC on Mar 04 that Pasha Ahmed (SVP & Chief Financial Officer) bought a total of 3,300 shares of the company’s common stock. The trade occurred on Mar 04 and was made at $15.20 per share for $50160.0. Following the transaction, the insider now directly holds 3300.0 shares of the FLNC stock.
Still, SEC filings show that on Dec 08, AES CORP (10% Owner) disposed off 7,087,500 shares at an average price of $22.05 for $156.28 million. The insider now directly holds 0 shares of Fluence Energy Inc (FLNC).
