Fluence Energy Inc. (NASDAQ: FLNC) Shares Rose Recently, But Trouble Could Still Be Around The Corner.

Fluence Energy Inc. (NASDAQ:FLNC) price closed higher on Monday, January 30, jumping 3.08% above its previous close.

A look at the daily price movement shows that the last close reads $22.76, with intraday deals fluctuated between $21.5401 and $24.535. Taking into account the 52-week price action we note that the stock hit a 52-week high of $24.93 and 52-week low of $4.96. The stock added 51.65% on its value in the past month.

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Fluence Energy Inc., which has a market valuation of $3.81 billion, is expected to release its quarterly earnings report Aug 16, 2022. Analysts tracking FLNC have forecast the quarterly EPS to shrink by -0.28 per share this quarter, while the same analysts predict the annual EPS to hit -$1.19 for the year 2023 and up to -$0.69 for 2023. In this case, analysts estimate an annual EPS growth of -101.70% for the year and 42.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $347.07 million, with the likely lows of $325 million and highs of $370.79 million. The average estimate suggests sales growth for the quarter will likely rise by 84.40% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $1.09 billion for the company’s annual revenue in 2022. Per this projection, the revenue is forecast to grow 60.00% above that which the company brought in 2022.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give FLNC a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 18 analysts have assigned FLNC a recommendation rating as follows: 6 rate it as a Hold; 10 advise Buy while 1 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Fluence Energy Inc. (FLNC) stock as Underweight, with 0 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.

The overview shows that FLNC’s price is at present 16.38% off the SMA20 and 27.68% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.31, with weekly volatility standing at 11.56%. The indicator jumps to 8.92% when calculated based on the past 30 days. Fluence Energy Inc. (NASDAQ:FLNC)’s beta value is holding at 0, while the average true range (ATR) indicator is currently reading 1.99.

An analysis of the Fluence Energy Inc. (NASDAQ:FLNC) stock in terms of its daily trading volume indicates that the 3-month average is 1.05 million. However, this figure increases on the past 10-day timeline to an average of 1.32 million.

Current records show that the company has 114.94M in outstanding shares. The insiders’ percentage holdings are 66.90% of outstanding shares while the percentage share held by institutions stands at 33.10%. The stats also highlight that short interest as of Oct 13, 2022, stood at 6.96 million shares, which puts the short ratio at the time at 7.85. From this we can glean that short interest is 6.09% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 6.26 million. But the 36.79% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.