Invinity Energy Systems (LON:IES) Trading 0.4% Higher – Still a Buy?

Invinity Energy Systems plc (LON:IES) shares were up 0.4% during trading on Monday . The company traded as high as GBX 24 and last traded at GBX 24. 1,731,331 shares traded hands during trading, a decline of 9% from the average session volume of 1,912,160 shares. The stock had previously closed at GBX 23.90.

Invinity Energy Systems News Roundup

Here are the key news stories impacting Invinity Energy Systems this week:

• Neutral Sentiment: The reports concern unrelated companies, including Micropolis Robotics (MCRP), Pfizer (PFSA), Rigetti Computing (RGTI), and South Korean securities firms. These developments are not expected to have a direct material impact on Invinity Energy Systems.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 target price on shares of Invinity Energy Systems in a research report on Monday, August 3rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 60.

Invinity Energy Systems Stock Performance

The firm has a 50-day simple moving average of GBX 26.75 and a two-hundred day simple moving average of GBX 23.34. The company has a current ratio of 3.81, a quick ratio of 2.00 and a debt-to-equity ratio of 3.00. The company has a market capitalization of £136.65 million, a price-to-earnings ratio of -4.71 and a beta of 1.00.

Invinity Energy Systems (LON:IES) last announced its quarterly earnings results on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. The firm had revenue of GBX 818 million during the quarter. As a group, sell-side analysts forecast that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current fiscal year.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company’s proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.

Invinity’s safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don’t wear out, cannot catch fire and are designed to be operated for 30 years or more.