Invinity Energy Systems (LON:IES) Trading 1.6% Higher – What’s Next?

by · The Cerbat Gem

Shares of Invinity Energy Systems plc (LON:IES – Get Free Report) rose 1.6% on Tuesday . The stock traded as high as GBX 19 and last traded at GBX 18.80. Approximately 1,479,570 shares changed hands during mid-day trading, an increase of 93% from the average daily volume of 767,626 shares. The stock had previously closed at GBX 18.50.

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. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 40.

Check Out Our Latest Report on Invinity Energy Systems

Invinity Energy Systems Price Performance

The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The company has a 50-day simple moving average of GBX 19.24 and a 200-day simple moving average of GBX 21.16. The company has a market cap of £106.93 million, a price-to-earnings ratio of -4.27 and a beta of 2.24.

Invinity Energy Systems (LON:IES – Get Free Report) last posted its quarterly earnings results on Tuesday, September 30th. The company reported GBX (2.30) EPS for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. 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

(Get Free Report)

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.

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