Invinity Energy Systems (LON:IES) Trading Down 10.1% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted their price objective 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 investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, Invinity Energy Systems currently has an average rating of “Buy” and a consensus target price of GBX 35.

Invinity Energy Systems Stock Performance

The firm has a market capitalization of £175.18 million, a P/E ratio of -6.04 and a beta of 1.06. The stock has a fifty day simple moving average of GBX 23.02 and a two-hundred day simple moving average of GBX 20.32. The company has a debt-to-equity ratio of 3.00, a current ratio of 3.81 and a quick ratio of 2.00.

Invinity Energy Systems (LON:IES) last released its quarterly earnings results on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. The company had revenue of GBX 818 million during the quarter. Invinity Energy Systems had a negative net margin of 294.48% and a negative return on equity of 39.44%. On average, research analysts predict that Invinity Energy Systems plc will post -9.3999995 EPS for the current 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.