Invinity Energy Systems (LON:IES) Stock Price Up 17.1% – Time to Buy?

Invinity Energy Systems plc (LON:IES) shares rose 17.1% on Monday . The company traded as high as GBX 36.50 and last traded at GBX 36.30. Approximately 3,914,984 shares changed hands during mid-day trading, an increase of 116% from the average daily volume of 1,814,022 shares. The stock had previously closed at GBX 31.

Wall Street Analysts Forecast Growth

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 research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 35.

Invinity Energy Systems Stock Up 17.1%

The company has a market capitalization of £206.46 million, a PE ratio of -7.12 and a beta of 1.06. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.00 and a current ratio of 3.81. The stock’s 50 day moving average is GBX 23.88 and its 200 day moving average is GBX 20.56.

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. The business had revenue of GBX 818 million for the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. On average, sell-side 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.