Fisker Inc. (NYSE:FSR) Given Consensus Rating of “Reduce” by Analysts

Fisker Inc. (NYSE:FSR) has received an average recommendation of “Reduce” from the nine research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $2.76.

FSR has been the topic of a number of research analyst reports. Barclays cut their target price on shares of Fisker from $4.00 to $1.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 24th. R. F. Lafferty reaffirmed a “hold” rating and set a $2.00 price target (down previously from $3.00) on shares of Fisker in a research note on Friday, March 1st. Citigroup reaffirmed a “neutral” rating and set a $0.80 price target (down previously from $4.00) on shares of Fisker in a research note on Friday, March 1st. Finally, TD Cowen downgraded shares of Fisker from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $11.00 to $1.00 in a research note on Wednesday, January 17th.

Hedge Funds Weigh In On Fisker

A number of hedge funds have recently bought and sold shares of FSR. Baader Bank Aktiengesellschaft bought a new position in Fisker during the fourth quarter worth $29,000. QCM Cayman Ltd. acquired a new position in shares of Fisker during the third quarter valued at about $75,000. FNY Investment Advisers LLC acquired a new position in shares of Fisker during the fourth quarter valued at about $76,000. Tower Research Capital LLC TRC raised its holdings in shares of Fisker by 233.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 43,514 shares of the company’s stock valued at $76,000 after purchasing an additional 30,456 shares during the period. Finally, Pathstone Family Office LLC acquired a new position in shares of Fisker during the third quarter valued at about $82,000. Institutional investors own 33.58% of the company’s stock.

Fisker Stock Performance

Shares of Fisker stock opened at $0.09 on Friday. Fisker has a fifty-two week low of $0.09 and a fifty-two week high of $7.22. 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 firm has a market capitalization of $31.44 million, a P/E ratio of -0.04 and a beta of 0.71. The company’s 50 day moving average price is $0.20 and its two-hundred day moving average price is $1.42.

Fisker (NYSE:FSR) last issued its earnings results on Thursday, February 29th. The company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.19). Fisker had a negative net margin of 278.72% and a negative return on equity of 110.93%. The company had revenue of $200.07 million during the quarter, compared to analyst estimates of $332.66 million. On average, equities analysts forecast that Fisker will post -0.43 earnings per share for the current fiscal year.

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.