Wall Street Analyst Downgrade Fisker Inc [FSR]. What else is Wall St. saying

Fisker Inc [NYSE: FSR] closed the trading session at $0.80. The company report on January 26, 2024 at 6:30 AM that Fisker Leadership to Attend National Automobile Dealers Association Show as Company Makes Strategic Shift to Dealer Partnerships.

Fisker to share its plans with NADA attendees on Friday, February 2.

#1 Small-Cap Uranium Stock for Ultra-Fast Gains in 2024

We've uncovered THE ONE small-cap uranium stock that has unearthed a near-surface, high-grade uranium discovery in the Saudi Arabia of Uranium — Canada's prolific Athabasca Basin. Best of all, this small-cap uranium stock is currently flying just below Wall Street's radar… giving you the early-entry opportunity around US$0.30 per share. But that won't last long. Drills are turning right now with results set to be released to the market very, very soon.

Learn all about it in this brand new FREE online report.
Sponsored

CEO Henrik Fisker to be interviewed by NADA SVP Jonathan Collegio.

The stocks have a year to date performance of -54.12 percent and weekly performance of 1.74 percent. The stock has been moved at -85.76 percent over the last six months. The stock has performed -44.63 percent around the most recent 30 days and changed -84.01 percent over the most recent 3-months.

If compared to the average trading volume of 29.44M shares, FSR reached to a volume of 42987763 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $2.35 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 3.31. 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.

TD Cowen have made an estimate for Fisker Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 17, 2024.

The Average True Range (ATR) for Fisker Inc is set at 0.15, with the Price to Sales ratio for FSR stock in the period of the last 12 months amounting to 3.85. The Price to Book ratio for the last quarter was 0.81, with the Price to Cash per share for the same quarter was set at 1.79.

FSR stock trade performance evaluation

Fisker Inc [FSR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.74. With this latest performance, FSR shares dropped by -44.63% in over the last four-week period, additionally sinking by -85.76% over the last 6 months – not to mention a drop of -88.40% 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 29.74, with the RSI for the last a single of trading hit 30.93, and the three-weeks RSI is set at 29.50 for Fisker Inc [FSR]. The present Moving Average for the last 50 days of trading for this stock 1.5496, while it was recorded at 0.8365 for the last single week of trading, and 4.7447 for the last 200 days.

Fisker Inc [FSR]: An insightful look at the core fundamentals

Fisker Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.85 and a Current Ratio set at 1.68.

Earnings per share (EPS) analysis for Fisker Inc [FSR] stock

With the latest financial reports released by the company, Fisker Inc posted -0.54/share EPS, while the average EPS was predicted by analysts to be reported at -0.42/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -28.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSR.

Fisker Inc [FSR]: Institutional Ownership

The top three institutional holders of FSR stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in FSR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in FSR stock with ownership which is approximately 5.8325%.