Invinity Energy Systems (LON:IES) Stock Price Down 2.1% - Here's What Happened

Key Points

• Invinity Energy Systems shares fell by 2.1% to GBX 19.83 on Wednesday, with trading volume decreasing by 58% compared to the average session.
• Canaccord Genuity Group has maintained a "buy" rating with a price target of GBX 40, reflecting a positive outlook from two analysts.
• The company reported a significant negative EPS of GBX (6.70) for the last quarter and anticipates a continued negative trend for the current fiscal year.

Invinity Energy Systems plc (LON:IES - Get Free Report)'s share price was down 2.1% on Wednesday . The stock traded as low as GBX 19.50 ($0.26) and last traded at GBX 19.83 ($0.27). Approximately 367,113 shares traded hands during mid-day trading, a decline of 58% from the average daily volume of 879,840 shares. The stock had previously closed at GBX 20.25 ($0.27).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 40 price objective on shares of Invinity Energy Systems in a report on Friday, May 30th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Invinity Energy Systems has a consensus rating of "Buy" and an average target price of GBX 40.

Invinity Energy Systems Stock Down 2.4%

The business's 50 day simple moving average is GBX 23.15 and its 200-day simple moving average is GBX 16.04. The company has a market cap of £87.47 million, a price-to-earnings ratio of -2.30 and a beta of 2.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.00 and a current ratio of 6.96.

Invinity Energy Systems (LON:IES - Get Free Report) last issued its earnings results on Friday, May 30th. The company reported GBX (6.70) 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%. Sell-side analysts expect that Invinity Energy Systems plc will post -9.3999995 earnings per share for the current 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.