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Invinity Energy Systems (LON:IES) Stock Price Down 10.1% - Here's Why

Invinity Energy Systems logo with Utilities background

Key Points

  • Invinity Energy Systems plc experienced a significant drop in share price, down 10.1% to GBX 20.45 ($0.27) during mid-day trading on Wednesday.
  • Analysts from Canaccord Genuity Group have issued a "buy" rating with a price target of GBX 40 ($0.53), despite the stock's recent downturn.
  • The company reported a negative net margin of 237.38% and an earnings per share of GBX (6.70) (($0.09)) for the latest quarter.
  • Five stocks to consider instead of Invinity Energy Systems.

Invinity Energy Systems plc (LON:IES - Get Free Report) was down 10.1% during mid-day trading on Wednesday . The stock traded as low as GBX 20.38 ($0.27) and last traded at GBX 20.45 ($0.27). Approximately 934,751 shares changed hands during mid-day trading, an increase of 1% from the average daily volume of 927,604 shares. The stock had previously closed at GBX 22.75 ($0.30).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a "buy" rating and issued a GBX 40 ($0.53) target price on shares of Invinity Energy Systems in a research report on Friday, May 30th.

Check Out Our Latest Stock Analysis on IES

Invinity Energy Systems Stock Performance

The company has a current ratio of 6.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average of GBX 21.36 and a 200-day moving average of GBX 15.16. The stock has a market capitalization of £96.40 million, a price-to-earnings ratio of -2.54 and a beta of 2.24.

Invinity Energy Systems (LON:IES - Get Free Report) last released its earnings results on Friday, May 30th. The company reported GBX (6.70) (($0.09)) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 237.38% and a negative return on equity of 37.72%. As a group, sell-side analysts predict that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current year.

Invinity Energy Systems Company Profile

(Get Free Report)

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.

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