Fisker Inc (NYSE:FSR) is an exciting electric vehicle (EV) stock that has been beaten down over the last number of months on concerns about inflation and rising interest rates. Fisker stock is also facing headwinds from ongoing concerns about the COVID-19 pandemic and the Russian invasion of Ukraine.
Full Answer
Why is Fisker stock trading lower on Thursday?
Sep 16, 2021 · What happened. Shares of electric-vehicle start-up Fisker ( FSR -4.19%) were trading lower on Thursday after a downgrade from a widely followed Wall Street auto analyst. As of 1 p.m. EDT, Fisker's ...
Does Fisker stock have an upside of 44%?
Feb 18, 2022 · Why Fisker, Lucid Group, and Xpeng Are Down Today. Why Fisker Stock Crashed in December. Why EV Stock Fisker Zoomed 33% in November. Earnings Season Is Here! 3 Great Growth Stocks to Buy Now.
Does Fisker stock pay a dividend?
Sep 16, 2021 · Why Fisker Stock Is Down Today. MotleyFool. Sep. 16, 2021, 02:03 PM. Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading lower on Thursday after a downgrade from a widely followed ...
Will Fisker stock double in 2022?
Sep 16, 2021 · What happened. Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading lower on Thursday after a downgrade from a widely followed Wall Street auto analyst. As of …
Why are Fisker shares dropping?
Is Fisker a good stock to Buy now?
What is happening with the Fisker?
Why did Fisker stock rise today?
Is Fisker a real company?
Where is Fisker made?
The EV startup said production of prototypes have started at the Fisker Ocean assembly facility, which is operated by automotive manufacturer Magna Steyr's factory in Graz, Austria.Feb 17, 2022
Who owns Fisker Inc?
How many Fisker Ocean Reservations are there?
How many shares of Fisker are there?
| Volume | 100.37K |
|---|---|
| Shares Outstanding | 626.2M |
| EPS (TTM) | $3.00 |
| P/E Ratio (TTM) | 2.46 |
| Dividend Yield | 3.87% |
Is Apple a Buy Hold or sell?
Should I sell FSR stock?
How much cash does Fisker have?
What happened
Some electric vehicle (EV) stocks continue to have quite the charge for investors, but lately Fisker ( FSR 0.68% ) hasn't been among them. Investor sentiment dimmed following the company's latest earnings release, compounded by several analyst price target cuts. On Friday, these factors drove Fisker's share price down by almost 9%.
So what
The latest in a series of Fisker stock price target reductions occurred Friday morning. It was enacted by Barclays ( BCS 4.12% ) analyst Brian Johnson, who now thinks the shares are worth $16 apiece rather than his previous $18.
NYSE: FSR
Despite the round of price target cuts, numerous prognosticators remain bullish on the company's prospects. One is Citigroup 's ( C 2.16% ) Itay Michaeli, who is keeping his buy recommendation on the stock despite a slight price target trim to $29, from $30.
Now what
Fisker isn't a company in the forefront of the EV pack, as its one of the manufacturers that has yet to deliver a vehicle.
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What happened
Shares of electric-vehicle start-up Fisker (NYSE: FSR) were trading lower on Thursday after a downgrade from a widely followed Wall Street auto analyst.
So what
In a new note on Thursday morning that covered several automotive stocks, Bank of America analyst John Murphy cut the bank's rating on Fisker to neutral, from buy, and lowered its price target to $18 from $27.
Now what
I think Murphy's take is a reasonable one. While all signs suggest that Fisker is executing well on its go-to-market plan, there's a lot of electric-vehicle competition coming -- and not just from other start-ups.
Look Closely at FSR Stock
After the debut of Fisker’s SUV in November, the company gained massive popularity. The stock hit as high as $23 in the week of the launch and then started to fall. I believe the peak was only due to the hype generated around the launch but investors who held the stock did make the most of it.
Massive Cash Reserves
Fisker is currently in the growth stage and it may not be in a position to compete with some of the top EV makers but the company is taking the necessary steps. It increased cash reserves to $1.4 billion through a $570 million green convertible bond offering in August.
Bottom Line on FSR Stock
There is a lot of hype surrounding the Ocean SUV and it looks like the company is on schedule with the production plan. Since the company is revenue-less, it is tough to make projections about the future but it does seem like a good time to take a position in a company that shows massive growth potential.
About Fisker
Fisker, Inc. engages in the provision of e-mobility solutions. It develops and manufactures eco-friendly electrically powered vehicles. Its products include solar t-shirt, sustainable solar bottle, solar hoodie, and fisker hat. The company was founded by Henrik Fisker and Geeta Gupta-Fisker in 2016 is headquartered in Manhattan Beach, CA.
Headlines
Fisker Begins Taking Orders for Its New EV. The PEAR Starts Below $30,000. - Barron's
Fisker (NYSE:FSR) Frequently Asked Questions
10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fisker in the last year. There are currently 1 sell rating, 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Fisker stock. View analyst ratings for Fisker or view top-rated stocks.
FSR Stock at a Glance
Third-quarter earnings were seen as a minor disappointment, although I don’t put a lot of faith in earnings report when you don’t have sales to report yet.
A Fisker NFT Series
Non-fungible tokens, or NFTs, became all the rage in 2021. The NFT market was responsible for more than $23 billion in trading just in 2021, according to DappRadar.
The Bottom Line
At $15 per share, Fisker is certainly appealing as an alternative to Tesla (NASDAQ: TSLA ), which currently trades at over $1,000 per share even after a recent stock split. Investors can dream of buying FSR stock low in hopes of duplicating Tesla’s 900% increase over the last 24 months.