Fisker Inc. [FSR] Revenue clocked in at $0.02 million, up 8.46% YTD: What’s Next?

Fisker Inc. [NYSE: FSR] loss -2.52% or -0.41 points to close at $15.89 with a heavy trading volume of 5006497 shares. The company report on July 22, 2021 that Fisker Announces Global Brand Experience Center Roll Out Strategy.

Multiple locations in the U.S. and Europe confirmed for 2022, with inaugural center opening in Los Angeles in the first half of next year.

Experience centers will offer a range of consumer product shopping experiences.

It opened the trading session at $16.15, the shares rose to $16.2799 and dropped to $15.5699, the range by which the price of stock traded the whole day. The daily chart for FSR points out that the company has recorded 3.65% gains over the past six months. However, it is still -82.64% lower than its most recent low trading price.

If we look at the average trading volume of 11.55M shares, FSR reached to a volume of 5006497 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Fisker Inc. [FSR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSR shares is $23.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSR stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

RBC Capital Mkts have made an estimate for Fisker Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 09, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $15 to $10. The new note on the price target was released on April 22, 2021, representing the official price target for Fisker Inc. stock. Previously, the target price had yet another raise to $31, while BofA Securities analysts kept a Buy rating on FSR stock.

The Average True Range (ATR) for Fisker Inc. is set at 0.96, with the Price to Sales ratio for FSR stock in the period of the last 12 months amounting to 215786.20. The Price to Book ratio for the last quarter was 4.35, with the Price to Cash per share for the same quarter was set at 3.30.

Trading performance analysis for FSR stock

Fisker Inc. [FSR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.31. With this latest performance, FSR shares dropped by -17.67% in over the last four-week period, additionally plugging by 3.65% over the last 6 months – not to mention a rise of 18.14% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSR stock in for the last two-week period is set at 44.79, with the RSI for the last a single of trading hit 42.51, and the three-weeks RSI is set at 47.07 for Fisker Inc. [FSR]. The present Moving Average for the last 50 days of trading for this stock 16.26, while it was recorded at 16.12 for the last single week of trading, and 15.99 for the last 200 days.

Fisker Inc. [FSR]: A deeper dive into fundamental analysis

Return on Total Capital for FSR is now -9.55, given the latest momentum, and Return on Invested Capital for the company is -28.68. Return on Equity for this stock declined to -28.86, with Return on Assets sitting at -24.39. When it comes to the capital structure of this company, Fisker Inc. [FSR] has a Total Debt to Total Equity ratio set at 0.28. Additionally, FSR Total Debt to Total Capital is recorded at 0.28, with Total Debt to Total Assets ending up at 0.24. Long-Term Debt to Equity for the company is recorded at 0.21, with the Long-Term Debt to Total Capital now at 0.21.

Reflecting on the efficiency of the workforce at the company, Fisker Inc. [FSR] managed to generate an average of -$1,056,943 per employee.Fisker Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 85.60 and a Current Ratio set at 85.60.

An analysis of insider ownership at Fisker Inc. [FSR]

There are presently around $1,106 million, or 46.20% of FSR stock, in the hands of institutional investors. The top three institutional holders of FSR stocks are: APOLLO MANAGEMENT HOLDINGS, L.P. with ownership of 12,946,324, which is approximately 0% of the company’s market cap and around 1.40% of the total institutional ownership; VANGUARD GROUP INC, holding 11,215,425 shares of the stock with an approximate value of $178.21 million in FSR stocks shares; and MOORE CAPITAL MANAGEMENT, LP, currently with $156.41 million in FSR stock with ownership of nearly 174.682% of the company’s market capitalization.

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Positions in Fisker Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 128 institutional holders increased their position in Fisker Inc. [NYSE:FSR] by around 27,082,211 shares. Additionally, 81 investors decreased positions by around 19,408,882 shares, while 23 investors held positions by with 23,081,498 shares. The mentioned changes placed institutional holdings at 69,572,591 shares, according to the latest SEC report filing. FSR stock had 78 new institutional investments in for a total of 13,480,209 shares, while 41 institutional investors sold positions of 6,577,970 shares during the same period.

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