Invinity Energy Systems (LON:IES) Shares Down 10.1% – Should You Sell?

Invinity Energy Systems plc (LON:IES)’s stock price was down 10.1% during trading on Wednesday . The stock traded as low as GBX 30 and last traded at GBX 30.80. Approximately 4,235,330 shares traded hands during trading, an increase of 138% from the average daily volume of 1,780,170 shares. The stock had previously closed at GBX 34.27.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on shares of Invinity Energy Systems from GBX 33 to GBX 35 and gave the stock a “buy” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Invinity Energy Systems presently has an average rating of “Buy” and a consensus target price of GBX 35.

Invinity Energy Systems Price Performance

The company’s 50 day moving average is GBX 23.59 and its 200 day moving average is GBX 20.48. 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 stock has a market capitalization of £170.63 million, a price-to-earnings ratio of -5.88 and a beta of 1.06.

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 return on equity of 39.44% and a negative net margin of 294.48%.The company had revenue of GBX 818 million for the quarter. Research analysts anticipate that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal 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.