Invinity Energy Systems (LON:IES) Shares Up 0.4% - Still a Buy?

Key Points

• Invinity Energy Systems shares rose 0.4% to GBX 24 in mid-day trading, while volume was 9% below the average daily level.
• Canaccord Genuity reaffirmed a “Buy” rating and GBX 60 price target; the stock has a consensus Buy rating from analysts.
• The company remains financially challenged, reporting a quarterly loss of GBX 5.10 per share, negative net margins of 294.48%, and negative return on equity of 39.44%.

Invinity Energy Systems plc (LON:IES - Get Free Report)'s share price rose 0.4% during mid-day trading on Monday . The stock traded as high as GBX 24 and last traded at GBX 24. 1,731,331 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 1,912,160 shares. The stock had previously closed at GBX 23.90.

Key Stories Impacting Invinity Energy Systems

Here are the key news stories impacting Invinity Energy Systems this week:

• Neutral Sentiment: The reports concern unrelated companies, including Micropolis Robotics (MCRP), Pfizer (PFSA), Rigetti Computing (RGTI), and South Korean securities firms. These developments are not expected to have a direct material impact on Invinity Energy Systems.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a "buy" rating and set a GBX 60 price objective on shares of Invinity Energy Systems in a report on Monday, August 3rd. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Invinity Energy Systems presently has a consensus rating of "Buy" and a consensus price target of GBX 60.

Invinity Energy Systems Stock Performance

The firm's 50 day simple moving average is GBX 26.75 and its 200-day simple moving average is GBX 23.34. The company has a market capitalization of £136.65 million, a price-to-earnings ratio of -4.71 and a beta of 1.00. The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.00 and a current ratio of 3.81.

Invinity Energy Systems (LON:IES - Get Free Report) last issued its earnings results on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. The business had revenue of GBX 818 million during the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%. Analysts expect that Invinity Energy Systems plc will post -9.3999995 EPS for the current year.

Invinity Energy Systems Company Profile

Invinity Energy Systems plc AIM: IES is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company's proven, commercialised, longer duration energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world. Invinity's safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don't wear out, cannot catch fire and are designed to be operated for 30 years or more.

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