Invinity Energy Systems (LON:IES) Stock Falls 5.1% – Here’s Why

Invinity Energy Systems plc (LON:IES) shares traded down 5.1% on Monday. The stock traded as low as GBX 18.50 and last traded at GBX 18.50. 596,772 shares changed hands during trading, a decline of 65% from the average session volume of 1,694,199 shares. The stock had previously closed at GBX 19.50.

More Invinity Energy Systems News

Here are the key news stories impacting Invinity Energy Systems this week:

• Neutral Sentiment: No new contract, financing, earnings update or project announcement for Invinity Energy Systems was included in the latest news flow, leaving investors without a fresh fundamental catalyst.
• Negative Sentiment: Existing financial indicators remain challenging: Invinity reported a quarterly loss of GBX 2.10 per share, has a negative net margin and negative return on equity, and analysts expect a full-year loss of approximately GBX 9.40 per share.
• Negative Sentiment: The shares remain below both their 50-day and 200-day moving averages, which may indicate continued technical pressure and cautious investor sentiment.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 price objective on shares of Invinity Energy Systems in a research report on Monday, September 21st. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 60.

Invinity Energy Systems Stock Performance

The company’s fifty day simple moving average is GBX 21.29 and its 200 day simple moving average is GBX 23.80. The company has a current ratio of 2.81, a quick ratio of 2.00 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of £105.99 million, a P/E ratio of -3.88 and a beta of 0.95.

Invinity Energy Systems (LON:IES) last released its quarterly earnings results on Monday, September 21st. The company reported GBX (2.10) EPS for the quarter. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%. As a group, sell-side analysts forecast that Invinity Energy Systems plc will post -9.40 earnings per share for the current fiscal year.

About Invinity Energy Systems

Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.

Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more.