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- Fisker market cap along with its EPS has seen a decline and can observe an increase in future.
- Technical indicators of FSR are favoring a weak upside trend. It is currently trading near $7 with a gain of 1.29%
Fisker Inc. was founded in 2007 by automotive designer Henrik Fisker. The company has gained attention for its sleek and innovative EV designs, including the Fisker Ocean SUV and the Fisker Karma sedan.In recent years, Fisker’s stock has been on a rollercoaster ride. After going public through a reverse merger in October 2020, the company’s stock price soared, reaching an all-time high of nearly $33 per share in March 2021. However, the stock has since faced a number of setbacks, including supply chain issues and delays in the production of its Ocean SUV. As a result, the stock price has fallen significantly, trading at around $7 per share as of January 2023.
Despite these challenges, Fisker remains a popular choice for investors who are bullish on the EV market. In addition, Fisker has a solid financial backing, with billions of dollars in funding from many big names.
Fisker has a market cap of over $2.2 Billion and has a negative EPS. It is currently down by more than 50% from its 52 week high. Various analysts are expecting a strong growth in FSR price despite current setbacks.
Where Are The Bulls Of FSR ?
FSR stock price is currently dwindling to pass above the $10 from the past few weeks. Its weekly chart is not favoring an upside. On the daily chart it is currently trading near $7.08 with a gain of 1.29%. The upside trend of FSR stock price can see a halt near $10. Meanwhile a support in price can be observed near $5.It is currently trading below the 50 and 100 DMA. If there is a negative crossover then it can push the asset price to a new low in the future.
Conclusion
EV market has taken a hit and big companies are going down with it. FSR stock has also been affected by this. FSR stock price is currently consolidating but can move to a new high in the future.
Technical Levels
Major Support:$5
Major Resistance:$10
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
