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

Invinity Energy Systems plc (LON:IES) fell 1.8% during trading on Friday . The stock traded as low as GBX 19 and last traded at GBX 19.89. 365,578 shares traded hands 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.

Analysts Set New Price Targets

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

Invinity Energy Systems Trading Down 1.8%

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

Invinity Energy Systems (LON:IES) last announced its quarterly earnings data 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 analysts expect 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.