kijiji wrote: Fisker is down roughly 49% from its all-time high, with a market cap of $4.27 billion.
Its new electric vehicle, Ocean, is expected to start production in 2022. As of March 09, 2021, the company has reported over 14,000 reservations.
Fisker has a strong balance sheet, with its most recent earnings showing no debt and over $900 million in cash.
Fisker Inc. (NYSE:FSR) has been given an average rating of “Buy” by the twelve brokerages that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.33.
FSR has been the topic of several research reports. Zacks Investment Research cut Fisker from a “hold” rating to a “sell” rating in a report on Tuesday, March 23rd. R. F. Lafferty assumed coverage on shares of Fisker in a research report on Wednesday, February 17th. They issued a “buy” rating and a $23.00 price target for the company. Barclays assumed coverage on Fisker in a research note on Thursday, April 1st. They set an “equal weight” rating and a $17.00 target price on the stock. Cowen increased their target price on shares of Fisker from $22.00 to $29.00 and gave the stock an “outperform” rating in a research report on Friday, February 26th. Finally, Morgan Stanley upped their price target on Fisker from $27.00 to $40.00 and gave the stock an “overweight” rating in a research note on Thursday, March 4th.
A number of institutional investors have recently added to their stakes in the business. BlackRock Inc. acquired a new stake in shares of Fisker in the 4th quarter valued at $89,764,000. Prentice Capital Management LP bought a new position in shares of Fisker in the fourth quarter valued at approximately $34,092,000. Alliancebernstein L.P. acquired a new position in shares of Fisker in the 4th quarter worth approximately $24,137,000. Phoenix Holdings Ltd. bought a new stake in Fisker during the 4th quarter worth approximately $16,090,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Fisker during the 4th quarter valued at $16,115,000.
FSR stock opened at $14.64 on Wednesday. The stock’s 50 day moving average is $19.94. Fisker has a twelve month low of $8.70 and a twelve month high of $31.96.