Invinity Energy Systems (LON:IES) Sets New 52-Week Low – Time to Sell?

Shares of Invinity Energy Systems plc (LON:IES) reached a new 52-week low during trading on Thursday. The stock traded as low as GBX 9.55 and last traded at GBX 11.10, with a volume of 13,291,956 shares. The stock had previously closed at GBX 17.70.

Key Invinity Energy Systems News

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

• Positive Sentiment: The fundraising strengthens Invinity’s balance sheet and provides capital to support its growth plans in the energy-storage market. The participation of the U.K. National Wealth Fund may also improve investor confidence in the company’s technology and strategic importance. Invinity raises GBP 25m, led by UK’s National Wealth Fund
• Neutral Sentiment: The new funding could help Invinity execute customer projects and scale production, although the near-term benefits will depend on how quickly the company converts the capital into revenue and improved margins.
• Negative Sentiment: Because the money was raised through an equity financing, existing shareholders face dilution. That concern is particularly significant given Invinity’s continuing losses, negative margins and recent trading near its one-year low, which likely contributed to selling pressure despite the stronger funding position.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 60 price objective on shares of Invinity Energy Systems in a report on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 60.

Invinity Energy Systems Stock Performance

The firm’s 50 day moving average price is GBX 20.68 and its 200-day moving average price is GBX 23.87. The firm has a market cap of £63.22 million, a price-to-earnings ratio of -2.31 and a beta of 0.95. The company has a debt-to-equity ratio of 3.86, a current ratio of 2.81 and a quick ratio of 2.00.

Invinity Energy Systems (LON:IES) last issued its quarterly earnings results 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%. On average, analysts anticipate that Invinity Energy Systems plc will post -9.40 earnings per share 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.