Invinity Energy Systems (LON:IES) Shares Down 6.2% - What's Next?

Key Points

• Invinity Energy Systems shares dropped 6.2% to GBX 19.23 ($0.26), with a significant decline in trading volume at 444,039 shares, compared to an average of 811,338 shares.
• Analysts maintain a consensus Buy rating on the stock, with a price target of GBX 40 set by Canaccord Genuity Group.
• Invinity reported a negative earnings per share of GBX (2.30) for the previous quarter, alongside a negative return on equity of 37.72% and a net margin of 237.38%.

Invinity Energy Systems plc (LON:IES - Get Free Report)'s stock price dropped 6.2% on Tuesday . The stock traded as low as GBX 19 ($0.25) and last traded at GBX 19.23 ($0.26). Approximately 444,039 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 811,338 shares. The stock had previously closed at GBX 20.50 ($0.27).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 40 price objective on shares of Invinity Energy Systems in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of GBX 40.

Invinity Energy Systems Stock Down 6.2%

The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96. The company has a market cap of £109.37 million, a price-to-earnings ratio of -4.37 and a beta of 2.24. The stock's fifty day moving average is GBX 21.08 and its two-hundred day moving average is GBX 19.01.

Invinity Energy Systems (LON:IES - Get Free Report) last posted its earnings results on Tuesday, September 30th. The company reported GBX (2.30) earnings per share for the quarter. Invinity Energy Systems had a negative return on equity of 37.72% and a negative net margin of 237.38%. Sell-side analysts predict that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current fiscal 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 82 sites in 15 countries, more than any other company in the space.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.