Fisker (NYSE:FSR – Get Rating) released its quarterly earnings data on Wednesday. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02), MarketWatch Earnings reports. The company had revenue of $0.01 million for the quarter, compared to the consensus estimate of $0.01 million. Fisker had a negative return on equity of 45.26% and a negative net margin of 438,496.81%. The company’s revenue for the quarter was down 45.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) earnings per share.
NYSE FSR traded up $0.12 during trading on Friday, hitting $10.02. 9,427,170 shares of the company’s stock were exchanged, compared to its average volume of 4,894,898. The company has a current ratio of 10.98, a quick ratio of 10.98 and a debt-to-equity ratio of 0.82. The company has a market cap of $2.97 billion, a PE ratio of -7.11 and a beta of 1.00. Fisker has a fifty-two week low of $9.61 and a fifty-two week high of $23.75. The stock’s 50 day moving average price is $11.74 and its two-hundred day moving average price is $14.44.
In other news, Director Mitchell Zuklie acquired 5,000 shares of the stock in a transaction dated Wednesday, March 9th. The stock was bought at an average price of $11.36 per share, with a total value of $56,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Burkhard J. Huhnke sold 6,639 shares of the company’s stock in a transaction that occurred on Wednesday, March 9th. The shares were sold at an average price of $11.00, for a total value of $73,029.00. The disclosure for this sale can be found here. Corporate insiders own 24.95% of the company’s stock.
A number of research analysts recently commented on FSR shares. Exane BNP Paribas started coverage on Fisker in a research note on Monday, April 11th. They issued an “outperform” rating for the company. BNP Paribas started coverage on Fisker in a research note on Monday, April 11th. They issued an “outperform” rating for the company. Zacks Investment Research raised Fisker from a “sell” rating to a “hold” rating in a research note on Tuesday, April 19th. Cowen dropped their price target on Fisker from $28.00 to $19.00 in a research note on Thursday. Finally, Credit Suisse Group dropped their price target on Fisker from $32.00 to $25.00 and set an “outperform” rating for the company in a research note on Thursday, February 17th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $22.50.
Fisker Company Profile (Get Rating)
Fisker Inc develops, manufactures, markets, leases, or sale of electric vehicles. The company is also involved in asset-light automotive business. It operates through The White Space, The Value Segment, and The Conservative Premium segments. In addition, the company offers fisker flexible platform agnostic design ,a process that develops and designs electric vehicles in specific segment size.
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