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Fisker Inc. (FSR) Stock Sinks As Market Gains: What You Should Know

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Fisker Inc. (FSR - Free Report) closed at $11.94 in the latest trading session, marking a -0.67% move from the prior day. This change lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq added 0.16%.

Prior to today's trading, shares of the company had lost 30.2% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 1.22% and the S&P 500's loss of 5.39% in that time.

Fisker Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.46, down 820% from the prior-year quarter.

Investors should also note any recent changes to analyst estimates for Fisker Inc.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.94% lower. Fisker Inc. is holding a Zacks Rank of #4 (Sell) right now.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 158, putting it in the bottom 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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