In yesterday’s Wall Street session, Fluence Energy Inc (NASDAQ:FLNC) shares traded at $23.25, up 15.04% from the previous session.
FLNC stock price is now 35.81% away from the 50-day moving average and 15.29% away from the 200-day moving average. The market capitalization of the company currently stands at $2.97B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $22, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Fluence Energy Inc (NASDAQ: FLNC). On February 26, 2024, Susquehanna Upgraded its previous ‘Neutral’ rating to ‘Positive’ on the stock keeping its target price maintained at $24, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, Nebreda Julian, President and CEO bought 6,700 shares of the company’s stock on Mar 04 ’24. The stock was bought for $98,926 at an average price of $14.77. Upon completion of the transaction, the President and CEO now directly owns 55,090 shares in the company, valued at $1.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, SVP & Chief Financial Officer Pasha Ahmed bought 3,300 shares of the business’s stock. A total of $50,160 was incurred on buying the stock at an average price of $15.20. This leaves the insider owning 3,300 shares of the company worth $76725.0. A total of 43.14% of the company’s stock is owned by insiders.
During the past 12 months, Fluence Energy Inc has had a low of $13.03 and a high of $31.32. As of last week, the company has a debt-to-equity ratio of 0.14, a current ratio of 1.36, and a quick ratio of 0.93. The fifty day moving average price for FLNC is $17.3148 and a two-hundred day moving average price translates $20.14485 for the stock.
The latest earnings results from Fluence Energy Inc (NASDAQ: FLNC) was released for 2024-03-31. The net profit margin was -2.10% and return on equity was -11.29% for FLNC. The company reported revenue of $623.14 million for the quarter, compared to $698.19 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.75 percent.
