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

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

Wall Street Analyst Weigh In

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

Invinity Energy Systems Stock Performance

The firm’s 50 day moving average is GBX 20.53 and its two-hundred day moving average is GBX 19.57. The stock has a market capitalization of £213.29 million, a PE ratio of -8.52 and a beta of 0.93. The company has a debt-to-equity ratio of 4.40, a quick ratio of 2.00 and a current ratio of 4.23.

Invinity Energy Systems (LON:IES) last announced its quarterly earnings data on Monday, June 1st. The company reported GBX (5.10) earnings per share for the quarter. Invinity Energy Systems had a negative net margin of 595.51% and a negative return on equity of 35.65%. The firm had revenue of GBX 818 million during the quarter. As a group, research analysts predict 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.