Invinity Energy Systems (LON:IES) Stock Price Up 11.4% – Still a Buy?

Invinity Energy Systems plc (LON:IES – Get Free Report) rose 11.4% during mid-day trading on Tuesday . The stock traded as high as GBX 19.50 and last traded at GBX 19.50. Approximately 19,071,787 shares changed hands during mid-day trading, an increase of 1,688% from the average daily volume of 1,066,641 shares. The stock had previously closed at GBX 17.50.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their target price on Invinity Energy Systems from GBX 40 to GBX 33 and set a “buy” rating on the stock in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 33.

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Invinity Energy Systems Stock Performance

The company has a debt-to-equity ratio of 4.40, a current ratio of 4.23 and a quick ratio of 2.00. The company has a market capitalization of £110.97 million, a PE ratio of -4.43 and a beta of 0.93. The firm’s fifty day simple moving average is GBX 17.54 and its 200 day simple moving average is GBX 18.78.

Invinity Energy Systems Company Profile

(Get Free Report)

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.

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