With 0.78 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.53 million shares. During the session, the Utilities – Renewable company that operates in wider Utilities sector, reached to the highest price of $16.27 whereas the lowest price it dropped to was $15.95. The 52-week range on FLNC shows that it touched its highest point at $26.12 and its lowest point at $12.74 during that stretch. It currently has a 1-year price target of $26.25. Beta for the stock currently stands at 2.41.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FLNC was down-trending over the past week, with a drop of -5.34%, but this was down by -29.93% over a month. Three-month performance dropped to -25.39% while six-month performance fell -14.52%. The stock lost -36.12% in the past year, while it has lost -32.37% so far this year. A look at the trailing 12-month EPS for FLNC yields 0.05 with Next year EPS estimates of 1.03. For the next quarter, that number is -0.19. This implies an EPS growth rate of 360.08% for this year and 72.61% for next year.
Float and Shares Shorts:
At present, 129.42 million FLNC shares are outstanding with a float of 74.44 million shares on hand for trading. On 2024-10-31, short shares totaled 11.03 million, which was 855.0000000000001 higher than short shares on 1727654400. In addition to Mr. Julian Jose Nebreda Marquez as the firm’s President, CEO & Director, Ms. Rebecca J. Boll serves as its Senior VP & Chief Product Officer.
Institutional Ownership:
Through their ownership of 0.75644994 of FLNC’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, FLNC reported revenue of $1228148000.0 and operating income of $67614000.0. The EBITDA in the recently reported quarter was $71701000.0 and diluted EPS was $0.34.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FLNC since 16 analysts follow the stock currently. There are 13 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FLNC analysts setting a high price target of 47.0 and a low target of 19.0, the average target price over the next 12 months is 26.76923. Based on these targets, FLNC could surge 191.38% to reach the target high and rise by 17.79% to reach the target low. Reaching the average price target will result in a growth of 65.96% from current levels.
Analysts have provided yearly estimates in a range of $0.24626 being high and $0.05184444 being low. For FLNC, this leads to a yearly average estimate of $0.11665. Based on analyst estimates, the high estimate for the next quarter is -$0.13 and the low estimate is -$0.21. The average estimate for the next quarter is thus -$0.16.
