Invinity Energy Systems (LON:IES) Stock Price Up 17.1% – Time to Buy?

Invinity Energy Systems plc (LON:IES) shot up 17.1% on Monday . The stock traded as high as GBX 36.50 and last traded at GBX 36.30. 3,914,984 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 1,814,022 shares. The stock had previously closed at GBX 31.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lifted their price target on Invinity Energy Systems from GBX 33 to GBX 35 and gave the company a “buy” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Invinity Energy Systems presently has an average rating of “Buy” and a consensus target price of GBX 35.

Invinity Energy Systems Stock Up 17.1%

The company has a debt-to-equity ratio of 3.00, a quick ratio of 2.00 and a current ratio of 3.81. The firm has a market capitalization of £206.46 million, a PE ratio of -7.12 and a beta of 1.06. The company’s 50 day simple moving average is GBX 23.88 and its 200-day simple moving average is GBX 20.56.

Invinity Energy Systems (LON:IES) last posted its earnings results on Monday, June 1st. The company reported GBX (5.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%.The firm had revenue of GBX 818 million during the quarter. On average, analysts forecast that Invinity Energy Systems plc will post -9.3999995 EPS 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 more than 90 sites in 17 countries, more than any other company in the space.

Invinity’s flow batteries have been designed from the ground up to meet the large scale, high-throughput energy requirements of business, industry and electrical networks around the world, helping to accelerate global progress towards net zero.