Fisker Sees Production Increase in Upcoming Months, Shares Surge
May 16, 2023
Trending News ☀️
Fisker Inc ($NYSE:FSR)., the American automotive company, has seen its stock surge following the announcement that production will be increased in the coming months. It is also anticipated that an increase in production will help Fisker realize its aim to make electric vehicles more accessible and affordable to the public. Fisker’s stock surge is a welcome sign of positive change in an industry that has seen its share of challenges in recent years. With production set to increase in the upcoming months, investors and the public alike will be watching closely to see how Fisker performs.
Stock Price
On Monday, FISKER INC stock opened at $6.1 and closed at $6.3, up by 3.4% from the prior closing price of 6.1. This surge in stock market activity comes as the automotive company experiences a production increase in the upcoming months. FISKER INC announced plans to ramp up their production rate of their new electric vehicles, which has sparked optimism from investors.
This is a positive turn of events for the company, which has been making great strides in the automotive industry over the past few years. With the newly increased production rate, FISKER INC is well-positioned to continue experiencing success in the months and years to come. 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 |
| 0.53 | -545.98 | -101598.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fisker Inc. More…
| Operations | Investing | Financing |
| -430.29 | -190.99 | 235.87 |
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 |
| 1.5k | 1.1k | 1.23 |
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 |
| – | – | -99827.5% |
| FCF Margin | ROE | ROA |
| -117666.3% | -74.2% | -21.9% |
Analysis
At GoodWhale, we have conducted an extensive analysis of FISKER INC‘s financials. Based on our Risk Rating, FISKER INC is a high risk investment in terms of financial and business aspects. We have detected 3 risk warnings in their income sheet, balance sheet, and cashflow statement. To access our findings and see what risks may be associated with FISKER INC, you need to become a registered user. Our analysis has been conducted in accordance with the highest industry standards and can give you the information you need to make an informed decision when considering investing in this 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 is an electric vehicle manufacturer that has recently announced an increased production rate in the coming months. This news has been met with a positive reaction in the stock market, as the share price surged on the same day of the announcement. Investors have seen the potential in this company and are now looking forward to further gains. Fisker is currently trading at a lower price compared to its competitors, making it an attractive option for investors who are looking to capitalize on the potential future growth this company could experience.
Its current low price point also makes it a great option for those looking to diversify their portfolio. Overall, Fisker Inc is a strong contender for investors looking for long-term value and growth.
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