Invinity Energy Systems (LON:IES) Reaches New 12-Month Low – Should You Sell?

Invinity Energy Systems plc (LON:IES)’s stock price hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 9.50 and last traded at GBX 10, with a volume of 1,531,919 shares traded. The stock had previously closed at GBX 10.20.

Invinity Energy Systems News Summary

These are some of the IES news items that stood out recently:

• Neutral Sentiment: The latest report flags a fall in Invinity shares but provides no specific news or explanation for the move. Invinity Energy Systems Shares Down 1.2% – Here’s What Happened
• Negative Sentiment: Trading context remains challenging: the shares are below their 50-day and 200-day moving averages and close to their 12-month low. The company has also reported losses, while its debt-to-equity ratio is elevated, factors that can weigh on investor confidence.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 price objective on shares of Invinity Energy Systems in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating. According to data from MarketBeat.com, Invinity Energy Systems currently has an average rating of “Buy” and an average target price of GBX 60.

Invinity Energy Systems Price Performance

The company has a 50 day simple moving average of GBX 16.62 and a 200-day simple moving average of GBX 21.46. The stock has a market cap of £56.96 million, a price-to-earnings ratio of -2.08 and a beta of 0.89. The company has a quick ratio of 2.00, a current ratio of 2.81 and a debt-to-equity ratio of 3.86.

Invinity Energy Systems (LON:IES) last issued its earnings results on Monday, September 21st. The company reported GBX (2.10) EPS for the quarter. Invinity Energy Systems had a negative return on equity of 43.20% and a negative net margin of 290.32%. As a group, research analysts anticipate that Invinity Energy Systems plc will post -9.40 EPS for the current fiscal year.

About Invinity Energy Systems

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.