Fisker Inc. (NYSE:FSR – Get Rating) was the target of some unusual options trading on Friday. Stock traders acquired 38,926 put options on the stock. This represents an increase of approximately 47% compared to the average volume of 26,470 put options.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Exane BNP Paribas assumed coverage on Fisker in a report on Monday, April 11th. They issued an “outperform” rating on the stock. Citigroup raised their price target on shares of Fisker from $27.00 to $28.00 in a research note on Thursday. Tudor, Pickering, Holt & Co. cut shares of Fisker from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $13.00 in a research note on Wednesday, May 25th. R. F. Lafferty decreased their target price on shares of Fisker from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Cowen lowered their target price on Fisker from $28.00 to $19.00 and set an “outperform” rating on the stock in a report on Thursday, May 5th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $17.82.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the company. State of New Jersey Common Pension Fund D purchased a new position in shares of Fisker in the second quarter valued at approximately $1,759,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Fisker by 17.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 71,080 shares of the company’s stock worth $609,000 after acquiring an additional 10,734 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Fisker by 20.0% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,010,000 shares of the company’s stock worth $34,366,000 after acquiring an additional 667,499 shares during the period. 360 Financial Inc. acquired a new stake in shares of Fisker in the second quarter valued at $97,000. Finally, Van ECK Associates Corp boosted its holdings in Fisker by 9.4% in the second quarter. Van ECK Associates Corp now owns 56,135 shares of the company’s stock valued at $481,000 after purchasing an additional 4,825 shares during the period. 28.77% of the stock is currently owned by hedge funds and other institutional investors.
Fisker Trading Down 2.0 %
FSR opened at $10.17 on Friday. The stock has a market capitalization of $3.02 billion, a PE ratio of -6.32 and a beta of 1.08. Fisker has a one year low of $7.95 and a one year high of $23.75. The company has a debt-to-equity ratio of 0.96, a quick ratio of 9.12 and a current ratio of 9.12. The business’s 50 day moving average price is $9.30 and its 200 day moving average price is $10.75.
Fisker (NYSE:FSR – Get Rating) last posted its earnings results on Wednesday, May 4th. The company reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.02). Fisker had a negative net margin of 610,674.38% and a negative return on equity of 59.84%. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.01 million. During the same period in the previous year, the company earned ($0.11) EPS. The company’s quarterly revenue was down 45.5% compared to the same quarter last year. As a group, equities research analysts expect that Fisker will post -1.68 EPS for the current year.
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.
Receive News & Ratings for Fisker Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Fisker and related companies with MarketBeat.com’s FREE daily email newsletter.