Fisker Inc. [FSR] Revenue clocked in at $0.11 million, down -42.53% YTD: What’s Next?



Fisker Inc. [NYSE: FSR] gained 3.08% or 0.27 points to close at $9.04 with a heavy trading volume of 3605923 shares. The company report on July 7, 2022 that Fisker Announces Fisker Finance℠, Providing Seamless Financing Options for Customers; Reaffirms Nomination of Retail Financing Partners.

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Digital financing program aligns with launch of Fisker Ocean in November 2022.

Fisker reaffirms nomination of Chase in the US and Santander Consumer Finance in Europe as Fisker’s retail financing partners, with more announcements to come.

It opened the trading session at $8.84, the shares rose to $9.195 and dropped to $8.81, the range by which the price of stock traded the whole day. The daily chart for FSR points out that the company has recorded -47.99% loss over the past six months. However, it is still -13.71% lower than its most recent low trading price.

If we look at the average trading volume of 6.14M shares, FSR reached to a volume of 3605923 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 $17.67 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.

Tudor Pickering Holt & Co. have made an estimate for Fisker Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 25, 2022. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Outperform. The new note on the price target was released on April 11, 2022, representing the official price target for Fisker Inc. stock. Previously, the target price had yet another raise to $32, while Credit Suisse analysts kept a Outperform rating on FSR stock.

The Average True Range (ATR) for Fisker Inc. is set at 0.59, with the Price to Sales ratio for FSR stock in the period of the last 12 months amounting to 25406.66. The Price to Book ratio for the last quarter was 3.88, with the Price to Cash per share for the same quarter was set at 3.50.

Trading performance analysis for FSR stock

Fisker Inc. [FSR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.48. With this latest performance, FSR shares dropped by -2.16% in over the last four-week period, additionally sinking by -47.99% over the last 6 months – not to mention a drop of -46.48% 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 48.33, with the RSI for the last a single of trading hit 52.03, and the three-weeks RSI is set at 46.69 for Fisker Inc. [FSR]. The present Moving Average for the last 50 days of trading for this stock 9.59, while it was recorded at 8.77 for the last single week of trading, and 13.39 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Fisker Inc. [FSR] shares currently have an operating margin of -310615.09 and a Gross Margin at -3072.64. Fisker Inc.’s Net Margin is presently recorded at -444661.32.

Return on Equity for this stock declined to -55.22, with Return on Assets sitting at -35.48.

Fisker Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 9.10 and a Current Ratio set at 9.10.

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

There are presently around $772 million, or 52.80% of FSR stock, in the hands of institutional investors. The top three institutional holders of FSR stocks are: VANGUARD GROUP INC with ownership of 13,547,871, which is approximately 1.255% of the company’s market cap and around 1.50% of the total institutional ownership; BLACKROCK INC., holding 10,608,380 shares of the stock with an approximate value of $95.9 million in FSR stocks shares; and MOORE CAPITAL MANAGEMENT, LP, currently with $76.38 million in FSR stock with ownership of nearly 0.653% of the company’s market capitalization.

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 122 institutional holders increased their position in Fisker Inc. [NYSE:FSR] by around 12,936,703 shares. Additionally, 123 investors decreased positions by around 12,244,816 shares, while 64 investors held positions by with 60,185,629 shares. The mentioned changes placed institutional holdings at 85,367,148 shares, according to the latest SEC report filing. FSR stock had 40 new institutional investments in for a total of 2,810,074 shares, while 47 institutional investors sold positions of 6,205,861 shares during the same period.