Fisker Inc (FSR) average volume reaches $8.76M: Is Wall Street expecting a rally?

On November 20, 2023, Fisker Inc (NYSE: FSR) opened at $2.43, lower -3.29% from the last session. During the day, the shares moved up to $2.755 and dropped to $2.31 before settling in for the closing price of $2.43. Price fluctuations for FSR have ranged from $2.40 to $8.66 over the past 52 weeks.

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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 44.53%. Company’s average yearly earnings per share was noted 40.21% at the time writing. With a float of $191.82 million, this company’s outstanding shares have now reached $343.24 million.

Let’s determine the extent of company efficiency that accounts for 760 employees. In terms of profitability, gross margin is -3411.99, operating margin of -155042.40, and the pretax margin is -160032.46.

Fisker Inc (FSR) Insider Activity

A key investor’s attitude towards the stock of the Auto Manufacturers industry is another important factor to consider. The insider ownership of Fisker Inc is 44.11%, while institutional ownership is 32.39%. The most recent insider transaction that took place on Mar 28, was worth 60,960. In this transaction Chief Technology Officer of this company sold 10,280 shares at a rate of $5.93, taking the stock ownership to the 25,493 shares. Before that another transaction happened on Feb 13, when Company’s 10% Owner sold 1,529,026 for $6.55, making the entire transaction worth $10,015,120. This insider now owns 17,937,500 shares in total.

Fisker Inc (FSR) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 9/29/2023, the company posted -$0.21 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -$0.19) by -$0.02. This company achieved a net margin of -160086.55 while generating a return on equity of -85.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.24 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 40.21% per share during the next fiscal year.

Fisker Inc (NYSE: FSR) Trading Performance Indicators

Check out the current performance indicators for Fisker Inc (FSR). In the past quarter, the stock posted a quick ratio of 1.05. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.03.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.43, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.56 in one year’s time.

Technical Analysis of Fisker Inc (FSR)

Looking closely at Fisker Inc (NYSE: FSR), its last 5-days average volume was 33.07 million, which is a jump from its year-to-date volume of 8.63 million. As of the previous 9 days, the stock’s Stochastic %D was 3.98%. Additionally, its Average True Range was 0.41.

During the past 100 days, Fisker Inc’s (FSR) raw stochastic average was set at 0.81%, which indicates a significant decrease from 1.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.08% in the past 14 days, which was higher than the 81.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $5.32, while its 200-day Moving Average is $5.89. However, in the short run, Fisker Inc’s stock first resistance to watch stands at $2.63. Second resistance stands at $2.92. The third major resistance level sits at $3.08. If the price goes on to break the first support level at $2.19, it is likely to go to the next support level at $2.03. Should the price break the second support level, the third support level stands at $1.74.

Fisker Inc (NYSE: FSR) Key Stats

There are currently 343,188K shares outstanding in the company with a market cap of 806.61 million. Presently, the company’s annual sales total 340 K according to its annual income of -547,500 K. Last quarter, the company’s sales amounted to 830 K and its income totaled -82,610 K.


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