Fisker Inc. [FSR] Is Currently 6.23 below its 200 Period Moving Avg: What Does This Mean?


Fisker Inc. [NYSE: FSR] stock went on an upward path that rose over 6.23% on Monday, amounting to a one-week price decrease of less than -1.88%. The company report on December 22, 2021 that Fisker Inc. to Participate in Upcoming Investor Conference.

Fisker Inc. (NYSE: FSR) (“Fisker”) – passionate creator of the world’s most sustainable electric vehicles and advanced mobility solutions – announced today it will webcast its participation in a “Fireside Chat” at an upcoming investor conference.

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Henrik Fisker, Chairman and Chief Executive Officer of Fisker, will speak at the Morgan Stanley 8th Annual Auto 2.0 Conference. The event will take place on Wednesday, January 5, 2022, from 9:00 to 9:40 a.m. PT and will be available via webcast. To access the event, please go to the Events & Presentations page of Fisker’s investor relations (IR) website by clicking here. The specific registration link will be available on that page closer to the time of the event.

Over the last 12 months, FSR stock rose by 10.01%. The one-year Fisker Inc. stock forecast points to a potential upside of 32.43. The average equity rating for FSR stock is currently 2.20, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $4.91 billion, with 296.13 million shares outstanding and 157.79 million shares in the current float. Compared to the average trading volume of 9.15M shares, FSR stock reached a trading volume of 6403244 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $24.73 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 2.20. 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.

Credit Suisse have made an estimate for Fisker Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on November 09, 2021. While these analysts kept the previous recommendation, Tudor Pickering Holt & Co. raised their target price to Buy. The new note on the price target was released on September 23, 2021, representing the official price target for Fisker Inc. stock. Previously, the target price had yet another raise to $19, while Tudor Pickering analysts kept a Buy rating on FSR stock. On September 16, 2021, analysts decreased their price target for FSR shares from 27 to 18.

The Average True Range (ATR) for Fisker Inc. is set at 1.27, with the Price to Sales ratio for FSR stock in the period of the last 12 months amounting to 100246.35. The Price to Book ratio for the last quarter was 5.46, with the Price to Cash per share for the same quarter was set at 4.76.

FSR Stock Performance Analysis:

Fisker Inc. [FSR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.88. With this latest performance, FSR shares dropped by -12.01% in over the last four-week period, additionally sinking by -7.01% over the last 6 months – not to mention a rise of 10.01% 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 45.85, with the RSI for the last a single of trading hit 46.87, and the three-weeks RSI is set at 46.83 for Fisker Inc. [FSR]. The present Moving Average for the last 50 days of trading for this stock 18.22, while it was recorded at 16.11 for the last single week of trading, and 15.80 for the last 200 days.

Insight into Fisker Inc. Fundamentals:

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 18.40 and a Current Ratio set at 18.40.

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Fisker Inc. [FSR] Insider Position Details

There are presently around $1,209 million, or 47.80% of FSR stock, in the hands of institutional investors. The top three institutional holders of FSR stocks are: VANGUARD GROUP INC with ownership of 13,358,618, which is approximately -1.12% of the company’s market cap and around 1.50% of the total institutional ownership; MOORE CAPITAL MANAGEMENT, LP, holding 10,259,087 shares of the stock with an approximate value of $161.38 million in FSR stocks shares; and BLACKROCK INC., currently with $153.49 million in FSR stock with ownership of nearly -4.025% of the company’s market capitalization.

130 institutional holders increased their position in Fisker Inc. [NYSE:FSR] by around 12,863,689 shares. Additionally, 86 investors decreased positions by around 5,890,051 shares, while 46 investors held positions by with 58,107,214 shares. The mentioned changes placed institutional holdings at 76,860,954 shares, according to the latest SEC report filing. FSR stock had 53 new institutional investments in for a total of 8,480,281 shares, while 41 institutional investors sold positions of 2,940,868 shares during the same period.