Fluence Energy, an energy storage company, completed its initial public offering, selling shares at $28 each, well above the talked range of $21 to $24 each.
Shares of FLNC will commence trading on the Nasdaq later today, but shares are available for limit orders on Robinhood and other platforms.
Only you can make the decision on the time to leap... but here's some supporting information and analysis.
Over the last 12 months, Fluence Energy's shares have ranged in value from as little as $13.03 up to $31.32. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Fluence Energy's is 2.562. This would suggest that Fluence Energy's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Historical closes compared with the last close of $16.84
| 1 week (2024-04-18) | 11.52% |
|---|---|
| 1 month (2024-03-25) | 6.65% |
| 3 months (2024-01-25) | -16.30% |
| 6 months (2023-10-25) | -9.56% |
| 1 year (2023-04-25) | -4.80% |
| 2 years (2022-04-25) | 89.85% |
| 3 years (2021-04-19) | N/A |
The gauge below shows real-time ratings that are based on 26 popular indicators such as moving averages, for specific time periods. It's not a recommendation but is simply technical analysis that can form part of your research.
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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Fluence Energy P/E ratio, PEG ratio and EBITDA
Fluence Energy's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 10.2152. Higher PEG ratios such as this can be interpreted as meaning the shares offer worse value given the current rate of growth.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Fluence Energy's future profitability. By accounting for growth, it could also help you if you're comparing the stock prices of multiple high-growth companies.
However, it's sensible to consider Fluence Energy's PEG ratio in relation to those of similar companies.
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