Invinity Energy Systems (LON:IES) Sets New 52-Week High – Here’s What Happened

Invinity Energy Systems plc (LON:IES) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 38.50 and last traded at GBX 37.50, with a volume of 4814587 shares trading hands. The stock had previously closed at GBX 35.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price objective on shares of Invinity Energy Systems from GBX 33 to GBX 35 and gave the company a “buy” rating in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 35.

Invinity Energy Systems Trading Up 6.1%

The company’s 50 day moving average price is GBX 21.32 and its 200 day moving average price is GBX 19.80. The company has a debt-to-equity ratio of 3.00, a current ratio of 3.81 and a quick ratio of 2.00. The firm has a market cap of £227.51 million, a PE ratio of -9.09 and a beta of 0.93.

Invinity Energy Systems (LON:IES) last posted its quarterly earnings data on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. Invinity Energy Systems had a negative net margin of 595.51% and a negative return on equity of 35.43%. The business had revenue of GBX 818 million during the quarter. As a group, analysts forecast that Invinity Energy Systems plc will post -9.3999995 EPS for the current fiscal year.

About Invinity Energy Systems

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.