Invinity Energy Systems (LON:IES) Stock Falls 5.1% - Should You Sell?

Key Points

• Invinity Energy Systems shares fell 5.1% to GBX 18.50 in mid-day trading, with volume down 65% from the average session.
• Canaccord Genuity reiterated a Buy rating and GBX 60 price target; the stock’s consensus rating is also Buy.
• The company continues to report weak profitability, including quarterly EPS of GBX (2.10), a negative net margin of 290.32%, and a negative return on equity of 43.20%.

Invinity Energy Systems plc (LON:IES - Get Free Report)'s share price traded down 5.1% during mid-day trading on Monday. The company traded as low as GBX 18.50 and last traded at GBX 18.50. Approximately 596,772 shares were traded during mid-day trading, a decline of 65% from the average session volume of 1,694,199 shares. The stock had previously closed at GBX 19.50.

Invinity Energy Systems News Summary

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

• Neutral Sentiment: The supplied reports concern Mirae Asset Securities, NH Investment & Securities, Lumen Technologies, Verizon Communications and Blue Bird Corporation—not Invinity Energy Systems. Consequently, they provide no direct update on IES’s orders, finances, project pipeline or outlook.
• Neutral Sentiment: Invinity’s shares remain below their reported 50-day and 200-day moving averages, while the company continues to have negative earnings and net margins. These existing factors may be contributing to investor caution, but they are not developments reported in the supplied articles.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 60 price target on shares of Invinity Energy Systems in a research note on Monday, September 21st. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of GBX 60.

Invinity Energy Systems Trading Down 5.1%

The business's fifty day moving average is GBX 21.36 and its 200-day moving average is GBX 23.78. The stock has a market capitalization of £105.36 million, a PE ratio of -3.85 and a beta of 0.95. The company has a quick ratio of 2.00, a current ratio of 2.81 and a debt-to-equity ratio of 3.86.

Invinity Energy Systems (LON:IES - Get Free Report) last issued its quarterly earnings data on Monday, September 21st. The company reported GBX (2.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%. As a group, analysts anticipate that Invinity Energy Systems plc will post -9.40 EPS for the current fiscal year.

About Invinity Energy Systems

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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