Fisker Stock Rises Despite Q4 Loss as Optimism on Ocean Model Sales Grows.
March 1, 2023
Trending News ☀️
Fisker Inc ($NYSE:FSR). saw its stock rise on Monday despite the company reporting a larger than expected $0.14 per share loss in Q4. This optimism has helped buoy Fisker’s stock price in premarket trading. The Ocean model will be a mid-sized, all-electric SUV that is likely to be competitively priced. Given its size and cost, the Ocean could prove to be a popular choice for consumers who are looking for an economical and efficient way to transition to electric vehicles.
With this potential for success, Fisker’s stock has responded positively to the news, giving investors reason to remain optimistic about the company’s future. Given the long-term promise of the Ocean model and the increasing demand for electric vehicles, Fisker Inc. looks poised to have a successful future. Despite missing expectations on Q4 results, investors remain optimistic that this upcoming model could help propel Fisker’s success, which has been reflected in the rise of its stock price.
Share Price
Despite news mostly being negative so far, Fisker Inc. stock rose substantially on Monday. The stock opened at $6.6 and closed at $7.4, a 30.3% climb from its previous closing price of 5.7. Moreover, optimism seems to be growing regarding the sales of the company’s Ocean Model. Despite a reported Q4 loss, investors seem to be confident in the future potential of Fisker Inc. and that is being reflected in the stock’s surge in price. 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 |
| 0.08 | -515.82 | -649007.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fisker Inc. More…
| Operations | Investing | Financing |
| -482.32 | -219.81 | 126.42 |
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 |
| 1.41k | 821.37 | 1.89 |
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 |
| – | – | -646233.8% |
| FCF Margin | ROE | ROA |
| -898877.9% | -52.0% | -22.0% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of FISKER INC‘s financials. Based on our Risk Rating system, FISKER INC is classified as a high risk investment in terms of financial and business aspects. After examining the company’s cashflow statement, our system detected two risk warnings that investors should consider before making an informed decision. To get more detail on these risks, please register on GoodWhale.com. Our team of experts are ready to provide further guidance on this company, as well as others, to make sure you have all of the information needed to make a sound investment decision. 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
Investors in Fisker Inc. have reacted positively to news of a quarterly loss, as optimism grows around the potential success of the Ocean Model EV. The stock price has moved up despite the negative news. Analysts cite strong sales figures and expectations for the EV’s global presence as reasons for the movement in the stock price.
With low costs and an increased focus on sustainability, Fisker Inc. is seen as a promising stock for investors. As more information about the company and their products is released, the outlook for investors remains positive.
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