Invinity Energy Systems (LON:IES) Trading 25.7% Higher – What’s Next?

Invinity Energy Systems plc (LON:IES)’s share price rose 25.7% on Tuesday . The company traded as high as GBX 11 ($0.14) and last traded at GBX 11 ($0.14). Approximately 2,140,305 shares traded hands during mid-day trading, an increase of 119% from the average daily volume of 977,349 shares. The stock had previously closed at GBX 8.75 ($0.11).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 40 ($0.51) target price on shares of Invinity Energy Systems in a research note on Monday, March 31st.

Invinity Energy Systems Price Performance

The company has a market cap of £45.92 million, a P/E ratio of -1.21 and a beta of 2.24. The stock has a 50-day simple moving average of GBX 10.97 and a 200 day simple moving average of GBX 12.66. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96.

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 82 sites in 15 countries, more than any other company in the space.