Fisker Inc.(FSR:NYE) Analysts cut the target on earnings miss

STA Research
by: STA Research

Cowen cuts the target on Fisker Inc. to $19 from $28, and keeps the Outperform rating on the EV auto maker.

Barclays Capital lowered the target on Fisker Inc. to $14 from $16, and maintains the Equal Weight rating on the stock.

Citigroup cuts the target on Fisker Inc. to $27 from $29, and maintained the Buy rating on the company.

Fisker Inc Stock Analysis:

Based on the Fisker Inc stock forecasts from 7 analysts, the average analyst target price for Fisker Inc is USD 26.17 over the next 12 months. Fisker Inc’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Fisker Inc is Bearish, which is based on 1 positive signals and 7 negative signals. At the last closing, Fisker Inc’s stock price was USD 10.54Fisker Inc’s stock price has changed by +2.83% over the past week, -27.26% over the past month and -12.02% over the last year.

What we like:

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

What we don’t like:

Low market capitalization

This is among the smaller entities in its sectors with below median market capitalization. That may make it less stable in the long run unless it has a unique technology or market which can help it grow or get acquired in future.

Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Overpriced compared to earnings

The stock is trading high compared to its peers on a price to earning basis and is above the sector median.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Negative cashflow

The company had negative total cash flow in the most recent four quarters.

Low Revenue Growth

This stock has shown below median revenue growth in the previous 5 years compared to its sector

 

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