Invinity Energy Systems (LON:IES) Hits New 1-Year High – Here’s Why

Invinity Energy Systems plc (LON:IES)’s share price hit a new 52-week high on Tuesday . The stock traded as high as GBX 38.50 and last traded at GBX 37.50, with a volume of 4814587 shares. The stock had previously closed at GBX 35.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of Invinity Energy Systems from GBX 33 to GBX 35 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of GBX 35.

Invinity Energy Systems Stock Performance

The stock has a market cap of £213.29 million, a PE ratio of -8.52 and a beta of 0.93. The firm has a 50 day moving average price of GBX 20.53 and a 200 day moving average price of GBX 19.57. The company has a quick ratio of 2.00, a current ratio of 4.23 and a debt-to-equity ratio of 4.40.

Invinity Energy Systems (LON:IES) last issued its quarterly earnings data on Monday, June 1st. The company reported GBX (5.10) earnings per share (EPS) for the quarter. The business had revenue of GBX 818 million for the quarter. Invinity Energy Systems had a negative net margin of 595.51% and a negative return on equity of 35.65%. As a group, research analysts forecast that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current year.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc is a global manufacturer of vanadium flow batteries (VFB), a leading alternative to lithium-ion technology. Ideally placed to address the substantial demand for long-duration utility-grade stationary energy storage solutions, Invinity has deployed its modular battery systems across more than 90 sites in 17 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.