Fisker Inc. is a NYSE-listed company with the symbol FSR and a market cap of 2.18 billion USD. The current price per share stands at 6.98 USD and has shown a slight increase of 0.1435% in the last 24 hours. Looking at the 52 week range, Fisker Inc.’s stock price has been high as 14.74USD and low as 6.4 USD during this period, which indicates volatility in its value but overall it is up from its lowest point by nearly 9%.
On analyzing Fisker Inc.’s revenue over the past year, it can be seen that their revenues have been on an overall downward trend since 15 Feb 2023 when they reported zero revenue compared to their estimated revenue of 221 mln USD for the same period. They then reported 14 mln USD for their second quarter ending 30 Sep 2022, followed by 10 mln in 3Q ended 30 Jun 2022, 12 mln in 4Q ended 31 Mar 2022, and finally 41 mln in 1Q ended 31 Dec 2021.
Overall, despite having some quarters with above estimated revenues such as 4Q 2021 where they exceeded their estimated revenue by 1 mln USD, Fisker Inc.’s financial position seems to be weakening due to consistently falling revenues over the past year. With decreasing revenues alongside an EPS of -1.407 per share, it is likely that Fisker Inc.’s financial situation will worsen further if there is no turn-around in its current performance soon.
