Invinity Energy Systems (LON:IES) Trading Down 1.8% – What’s Next?

Invinity Energy Systems plc (LON:IES)’s stock price traded down 1.8% on Friday . The company traded as low as GBX 19 and last traded at GBX 19.89. 365,578 shares were traded during mid-day trading, a decline of 53% from the average session volume of 780,302 shares. The stock had previously closed at GBX 20.25.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 40 price target on shares of Invinity Energy Systems in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, Invinity Energy Systems has a consensus rating of “Buy” and a consensus target price of GBX 40.

Invinity Energy Systems Price Performance

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The stock has a 50-day simple moving average of GBX 21.24 and a 200 day simple moving average of GBX 20.14. The stock has a market capitalization of £113.13 million, a price-to-earnings ratio of -4.52 and a beta of 2.24.

Invinity Energy Systems (LON:IES) last posted its quarterly earnings results on Tuesday, September 30th. The company reported GBX (2.30) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. On average, equities research analysts forecast that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal year.

About Invinity Energy Systems

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.