Citi Analyst Calls Fisker's Turnaround

By Susan Ramirez • Monday, March 27 12:56 • Permanent Link

Today Barrons is reporting: "Fisker 's beaten-up stock could be about to move up, according to Citi analyst Itay Michaeli. He opened a "90-day upside catalyst watch" on the EV start-up on Monday." For full coverage click here. Shares of the mid-cap Consumer Cyclical company have not moved much on the news as of the afternoon trading session, and are currently trading at $5.77.

Fisker, Inc. focuses on the design, development, manufacture and sale of electric vehicles. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 22.33 and an average price to book (P/B) ratio of 3.12. In contrast, Fisker has a trailing 12 month P/E ratio of -3.36 and a P/B ratio of 4.779.

Fisker has moved -54.01% over the last year compared to -13.21% for the S&P 500 -- a difference of -40.8%. Fisker has a 52 week high of $14.74 and a 52 week low of $5.54. At today's price of $5.77 per share, Fisker is -51.9% away from its target price of $12.0, and on average, analysts give the stock a rating of hold. 35.01% of the company's shares are linked to short positions, and 52.74% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.