Fluence Energy Inc (NASDAQ: FLNC) is -7.09% lower on its value in year-to-date trading and has touched a low of $12.74 and a high of $27.80 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 $21.62 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $22.16, the stock is 9.44% and 22.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 2.50% at the moment leaves the stock 17.30% off its SMA200. FLNC registered 0.54% gain for a year compared to 6-month gain of 33.09%. The firm has a 50-day simple moving average (SMA 50) of $18.122 and a 200-day simple moving average (SMA200) of $18.892124.
The stock witnessed a 18.12% loss in the last 1 month and extending the period to 3 months gives it a 15.84%, and is 3.84% up 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 4.47% over the week and 5.73% over the month.
Fluence Energy Inc (FLNC) has around 1112 employees, a market worth around $2.83B and $2.14B in sales. Fwd P/E is 33.69. Profit margin for the company is -1.02%. Distance from 52-week low is 73.94% and -20.29% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.15%).
The EPS is expected to grow by 121.03% this year
335.0 institutions hold shares in Fluence Energy Inc (FLNC), with institutional investors hold 112.47% of the company’s shares. The shares outstanding are 118.90M, and float is at 73.01M with Short Float at 15.84%. Institutions hold 77.40% of the Float.
The top institutional shareholder in the company is SIEMENS AG with over 39.74 million shares valued at $689.06 million. The investor’s holdings represent 31.3285 of the FLNC Shares outstanding. As of 2024-06-30, the second largest holder is SIEMENS PENSION TRUST E V with 11.76 million shares valued at $203.94 million to account for 9.2722 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.1 million shares representing 4.8076 and valued at over $105.74 million, while BLACKROCK INC. holds 3.4778 of the shares totaling 4.41 million with a market value of $76.49 million.
Fluence Energy Inc (FLNC) Insider Activity
The most recent transaction is an insider purchase by BULLS HERMAN E, the company’s Director. SEC filings show that BULLS HERMAN E bought 10,000 shares of the company’s common stock on Aug 13 ’24 at a price of $16.81 per share for a total of $0.17 million. Following the purchase, the insider now owns 65861.0 shares.
Fluence Energy Inc disclosed in a document filed with the SEC on Jun 12 ’24 that Zahurancik John (SVP and President, Americas) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Jun 12 ’24 and was made at $24.22 per share for $0.61 million. Following the transaction, the insider now directly holds 96005.0 shares of the FLNC stock.
Still, SEC filings show that on Mar 04 ’24, Pasha Ahmed (SVP & Chief Financial Officer) acquired 3,300 shares at an average price of $15.20 for $50160.0. The insider now directly holds 3,300 shares of Fluence Energy Inc (FLNC).
