Citi Analyst Predicts Fisker Inc Stock Could Take Off in 2023, Recommends Buying Now.
March 28, 2023
Trending News ☀️
Michaeli predicts that Fisker Inc ($NYSE:FSR)’s stock could take off in 2023, and advises investors to buy now. He believes that if Fisker hits its targets, there could be a significant change in the outlook for the company. The 90-day upside catalyst watch suggests that investors should get in now while the stock is at its current price so they can benefit when the stock takes off in the next few years. Michaeli also believes that Fisker can become a major player in the electric vehicle market, and could potentially overtake Tesla as the leader. He notes that the company has been making rapid advances in the auto industry, with a new battery technology and a new solar roof concept.
In addition, it has a strong team of executives with automotive experience and capital resources to back them up. All of these factors make it an attractive investment opportunity. Overall, Michaeli’s predictions suggest that investors should get in on Fisker Inc now to potentially reap big returns in the future. If the company is able to achieve its milestones, its stock could skyrocket in the coming years.
Share Price
So far, media coverage on the company has been largely positive, and the stock opened at $5.9 and closed at $5.9, up by 3.5% from the previous closing price of 5.7. This marks a strong start for the company and analysts are hopeful that it will continue to grow as we approach 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fisker Inc. More…
| Total Revenues | Net Income | Net Margin |
| 0.34 | -547.5 | -157484.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fisker Inc. More…
| Operations | Investing | Financing |
| -452.54 | -200.99 | 187.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fisker Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.52k | 1.03k | 1.5 |
Key Ratios Snapshot
Some of the financial key ratios for Fisker Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -154644.7% |
| FCF Margin | ROE | ROA |
| -188165.5% | -61.7% | -21.8% |
Analysis
GoodWhale has recently been analyzing FISKER INC’s fundamentals and have concluded that, according to our Risk Rating system, it is a high risk investment. Our analysis of the company’s income sheet, balance sheet and cashflow statement revealed three significant risk warnings that potential investors should take into consideration. GoodWhale has always prided itself on offering the most up-to-date financial analysis in order to help our customers make informed decisions. Therefore, we urge registered users to check out our risk warnings on FISKER INC to ensure they are aware of all the risks associated with investing in the company. More…
Peers
The competition in the electric vehicle market is heating up, with new entrants Tesla, Lordstown Motors Corp, and Canoo Inc all vying for a piece of the pie. Fisker Inc, an early pioneer in the space, is no stranger to competition, but it remains to be seen if they can hold onto their market share.
– Tesla Inc ($NASDAQ:TSLA)
Tesla, Inc. is an American multinational corporation that specializes in electric vehicles, energy storage, and solar panel manufacturing. Based in Palo Alto, California, Tesla’s mission is to accelerate the world’s transition to sustainable energy. Tesla’s market cap as of 2022 is 687.33B and its ROE is 27.88%. The company’s products include electric cars, batteries, solar panels, and home energy systems.
– Lordstown Motors Corp ($NASDAQ:RIDE)
Founded in 1954, Lordstown Motors Corporation is an American electric vehicle manufacturer. The company’s flagship product is the Endurance, an all-electric pickup truck. Lordstown Motors is headquartered in Lordstown, Ohio, and has a production facility in Mexico.
As of 2022, Lordstown Motors Corporation has a market cap of 369.92 million and a return on equity of -63.07%. The company’s flagship product, the Endurance, is an all-electric pickup truck that is manufactured in Mexico. Lordstown Motors is working to establish itself as a leader in the electric vehicle market, and its market cap and return on equity reflect this goal.
– Canoo Inc ($NASDAQ:GOEV)
Canoo Inc. is a publicly traded company with a market capitalization of 409.99 million as of 2022. The company has a return on equity of -258.12%. Canoo Inc. is a designer and manufacturer of electric vehicles. The company was founded in 2015 and is headquartered in Los Angeles, California.
Summary
Fisker Inc, a publicly traded company, has recently been gaining attention from analysts, with one suggesting that buying now is the best way to capitalize on the potential of the company’s stock in 2023. So far media coverage of Fisker Inc has been positive, with the stock price appearing to reflect this sentiment as it moved up on the same day that the analyst report was released. As such, investors interested in Fisker Inc should take this into consideration as they consider their options.
Analysts recommend investors do their due diligence prior to investing, considering factors such as the company’s track record, analyst ratings, and current trends. Ultimately, investors should determine whether investing in Fisker Inc is suitable for them and their goals.
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