Understanding the Risks of Investing in Fisker Inc (FSR)

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Fisker Inc’s recently made public that its Chief Technology Officer Huhnke Burkhard J. unloaded Company’s shares for reported $60960.0 on Mar 28. In the deal valued at $5.93 per share,10,280 shares were sold. As a result of this transaction, Huhnke Burkhard J. now holds 25,493 shares worth roughly $22178.91.

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Then, FIFTHDELTA Ltd sold 1,529,026 shares, generating $10,015,120 in total proceeds. Upon selling the shares at $6.55, the 10% Owner now owns 17,937,500 shares.

Before that, FIFTHDELTA Ltd sold 713,727 shares. Fisker Inc shares valued at $4,946,128 were divested by the 10% Owner at a price of $6.93 per share. As a result of the transaction, FIFTHDELTA Ltd now holds 19,466,526 shares, worth roughly $16.94 million.

TD Cowen downgraded its Fisker Inc [FSR] rating to a Market perform from an Outperform in a research note published on , January 17, 2024; the price target was decreased to $1 from $11.

Price Performance Review of FSR

On Tuesday, Fisker Inc [NYSE:FSR] saw its stock fall -4.29% to $0.87. Over the last five days, the stock has lost -2.11%. Fisker Inc shares have fallen nearly -50.14% since the year began. Nevertheless, the stocks have fallen -88.87% over the past one year. While a 52-week high of $8.59 was reached on 01/02/24, a 52-week low of $0.73 was recorded on 01/25/24. SMA at 50 days reached $1.4531, while 200 days put it at $4.6991. A total of 31.5 million shares were traded, compared to the trading of 43.22 million shares in the previous session.

Levels Of Support And Resistance For FSR Stock

The 24-hour chart illustrates a support level at 0.8493, which if violated will result in even more drops to 0.8260. On the upside, there is a resistance level at 0.9117. A further resistance level may holdings at 0.9508. The Relative Strength Index (RSI) on the 14-day chart is 35.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0381, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.64%. Stochastics %K at 26.55% indicates the stock is a holding.

How much short interest is there in Fisker Inc?

A steep rise in short interest was recorded in Fisker Inc stocks on Jan 11, 2024, growing by 15.93 million shares to a total of 106.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 90.14 million shares. There was a rise of 15.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 49.53% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.46.

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