Invinity Energy Systems (LON:IES – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at Canaccord Genuity Group in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 60 price objective on the stock. Canaccord Genuity Group’s price objective indicates a potential upside of 166.79% from the stock’s previous close.
Invinity Energy Systems Stock Performance
Shares of Invinity Energy Systems stock opened at GBX 22.49 on Monday. The company has a market cap of £127.92 million, a PE ratio of -4.41 and a beta of 1.03. The business has a 50 day moving average price of GBX 30.29 and a 200-day moving average price of GBX 22.94. Invinity Energy Systems has a 52 week low of GBX 15.50 and a 52 week high of GBX 40.50. The company has a quick ratio of 2.00, a current ratio of 3.81 and a debt-to-equity ratio of 3.00.
Invinity Energy Systems (LON:IES – Get Free Report) last released its quarterly earnings results on Monday, June 1st. The company reported GBX (5.10) earnings per share for the quarter. The firm had revenue of GBX 818 million for the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%. Equities analysts anticipate that Invinity Energy Systems will post -9.3999995 earnings per share 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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