Fisker (NYSE:FSR – Get Free Report) is scheduled to be announcing its earnings results after the market closes on Thursday, February 29th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Fisker Price Performance
Shares of FSR opened at $0.60 on Tuesday. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.68 and a quick ratio of 1.05. The company’s fifty day moving average is $1.02 and its two-hundred day moving average is $3.38. Fisker has a 1 year low of $0.52 and a 1 year high of $7.86.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on FSR shares. Barclays dropped their price objective on shares of Fisker from $4.00 to $1.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 24th. Citigroup lowered their price target on shares of Fisker from $10.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, December 8th. Evercore ISI reaffirmed an “in-line” rating and set a $2.00 price target (down from $6.00) on shares of Fisker in a research note on Monday, December 4th. TD Cowen cut shares of Fisker from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $11.00 to $1.00 in a research note on Wednesday, January 17th. Finally, Morgan Stanley lowered their price target on shares of Fisker from $4.00 to $3.00 and set an “underweight” rating on the stock in a research note on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fisker has an average rating of “Hold” and a consensus target price of $3.89.
Institutional Investors Weigh In On Fisker
Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Fisker by 4.9% in the 4th quarter. Vanguard Group Inc. now owns 19,856,791 shares of the company’s stock worth $34,749,000 after buying an additional 918,802 shares in the last quarter. BlackRock Inc. lifted its holdings in Fisker by 15.1% in the 2nd quarter. BlackRock Inc. now owns 14,254,129 shares of the company’s stock valued at $80,393,000 after purchasing an additional 1,864,634 shares in the last quarter. State Street Corp lifted its holdings in Fisker by 4.7% in the 2nd quarter. State Street Corp now owns 4,382,869 shares of the company’s stock valued at $24,719,000 after purchasing an additional 196,766 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Fisker by 12.9% in the 2nd quarter. Geode Capital Management LLC now owns 3,543,704 shares of the company’s stock valued at $19,986,000 after purchasing an additional 403,771 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Fisker by 4.6% in the 3rd quarter. Northern Trust Corp now owns 1,853,649 shares of the company’s stock valued at $11,900,000 after purchasing an additional 80,979 shares in the last quarter. 33.74% of the stock is currently owned by hedge funds and other institutional investors.
Fisker Company Profile
Fisker Inc develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business. In addition, it offers fisker flexible platform agnostic design, a process that develops and designs electric vehicles in specific segment size.
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Read More: Fisker (FSR) to Release Earnings on Thursday