Invinity Energy Systems (LON:IES) Stock Price Up 1.6% – Time to Buy?

Invinity Energy Systems plc (LON:IES) shares rose 1.6% during mid-day trading on Tuesday . The company traded as high as GBX 19 and last traded at GBX 18.80. Approximately 1,479,570 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 767,626 shares. The stock had previously closed at GBX 18.50.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 40 price objective on shares of Invinity Energy Systems in a report on Tuesday, September 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Invinity Energy Systems has a consensus rating of “Buy” and a consensus price target of GBX 40.

Invinity Energy Systems Price Performance

The company has a market cap of £106.93 million, a price-to-earnings ratio of -4.27 and a beta of 2.24. The company has a fifty day simple moving average of GBX 19.24 and a two-hundred day simple moving average of GBX 21.16. The company has a quick ratio of 2.00, a current ratio of 6.96 and a debt-to-equity ratio of 0.87.

Invinity Energy Systems (LON:IES) last released its quarterly earnings results on Tuesday, September 30th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. On average, equities research analysts anticipate that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current fiscal year.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across more than 90 sites in 17 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.