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Fisker Inc.OTCPK:FSRN.Q Stock Report

Market Cap US$1.2m
Share Price
n/a
My Fair Value
n/a
1Y-100.0%
7D-30.0%
Portfolio Value
​
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Fisker Inc.

OTCPK:FSRN.Q Stock Report

Market Cap: US$1.2m

This company listing is no longer active

This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Fisker (FSRN.Q) Stock Overview

Develops, manufactures, markets, leases, or sells electric vehicles. More details

FSRN.Q fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health0/6
Dividends0/6

Risk Analysis

Negative shareholders equity

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap ($1M)

Earnings have declined by 48.9% per year over past 5 years

+ 1 more risk

FSRN.Q Community Fair Values

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Fisker Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Fisker
Historical stock prices
Current Share PriceUS$0.0007
52 Week HighUS$5.79
52 Week LowUS$0.000001
Beta0.021
1 Month Change-60.00%
3 Month Change-30.00%
1 Year Change-99.99%
3 Year Change-99.99%
5 Year Change-99.99%
Change since IPO-99.99%

Recent News & Updates

Recent updates

Seeking Alpha • Mar 24

Fisker: Precarious Situation

Summary Fisker Inc. is facing potential bankruptcy and is currently uninvestable due to high risks. The company has paused production for six weeks to manage inventory levels and secure additional financing. Fisker's stock represents excessive risks, and its survival as an EV company is uncertain. Read the full article on Seeking Alpha
Seeking Alpha • Mar 11

Fisker Q4: EV Dreams Are Fizzling Out [Downgrade]

Summary Fisker's shares dropped significantly after warning about its ability to survive. The company reported disappointing fourth-quarter earnings, with higher losses and lower revenues than expected. Fisker's balance sheet is not well-capitalized, leading to the need for capital raising and a potential strategic partnership. Shares trade at a distressed valuation multiplier as bankruptcy risks are growing. Read the full article on Seeking Alpha
Analysis Article • Mar 02

Investors Give Fisker Inc. (NYSE:FSR) Shares A 40% Hiding

Unfortunately for some shareholders, the Fisker Inc. ( NYSE:FSR ) share price has dived 40% in the last thirty days...
Seeking Alpha • Jan 04

Fisker: Potential Trouble Brewing (Rating Downgrade)

Summary Fisker fell well short of its 2023 production and delivery goals, producing only 10,142 units of its Ocean SUV. The company's revenue for 2023 is expected to be around $376 million, significantly lower than the initial estimate of nearly $2 billion. FSR's overall demand is in question, and it may require another capital raise to continue its growth plans. Read the full article on Seeking Alpha
Seeking Alpha • Dec 21

Fisker: Falling Behind In The EV Race

Summary Fisker Inc. faces operational inefficiencies, financial health concerns, and stiff competition in the EV sector. Delays in delivery and reduction in production targets highlight operational shortcomings and financial instability. Fisker lags behind leading players like Tesla and Rivian Automotive, making it a strong sell in the EV market. Read the full article on Seeking Alpha
Seeking Alpha • Dec 08

Fisker: Unloved And Collapsing, Why?

Summary Fisker's equity value has plummeted by 78% this year, joining other electric vehicle deSPACs in facing going concern risk. Fisker's solvency is a major concern, with its cash and equivalents down by $300 million compared to a year ago. The company's revenue is ramping, but it still needs to overcome significant challenges with negative gross profit and rising free cash burn. Read the full article on Seeking Alpha
Seeking Alpha • Nov 19

Fisker: Strong Value Near 1-Year Lows (Ratings Upgrade)

Summary Fisker reported weaker-than-expected financial results for Q3. The company's Chief Accounting Officer left, causing a delay in the production of the quarterly report. Fisker lowered its production outlook for FY 2023 a third time to a new range of 13-17k. However, deliveries ramped up nicely in Q3'23. Decent liquidity run-way and demonstrated ability to raise cash to reduce risks, in my opinion. Shares are trading near 1-year lows and are cheap based off of revenues, but significant risks exist. Read the full article on Seeking Alpha
Seeking Alpha • Nov 08

Fisker: Is The Upside Large Enough To Offset The Potential Downside?

Summary Fisker's future earnings potential may be undervalued despite the struggling EV market. The Company's asset-light model and design advantage in the EV SUV space give it a competitive edge. FSR's balance sheet and debt situation, as well as its ability to meet production targets, are key factors to watch. Read the full article on Seeking Alpha
Seeking Alpha • Oct 24

Fisker: Avoid This Heavily Shorted EV Stock

Summary Fisker's stock has plummeted 27% YTD, underperforming Tesla and Invesco QQQ Trust. Fisker's asset-light business model sets it apart from competitors, but it faces challenges in production and delivery. The company may need to raise more capital, potentially diluting shareholders, and its short interest is high. Read the full article on Seeking Alpha
Seeking Alpha • Sep 06

Fisker: Still Not A Believer

Summary Fisker cuts its 2023 production forecast for the Ocean SUV, reducing it to half of the original estimate. The company's Q2 revenues were significantly lower than expected, leading to further downward revisions in revenue estimates. Fisker's analysts remain bullish, but the company's execution and near-term growth prospects are uncertain. Read the full article on Seeking Alpha
Seeking Alpha • Aug 16

Fisker Moves To Charge Ahead In EV Race

Summary Fisker began the ramp-up of Ocean SUV production in July after the end of its recent fiscal 2023 second-quarter earnings. The EV upstart has had to reduce its production guidance for 2023. A positive gross margin and a strong cash position infer possible upside potential. Read the full article on Seeking Alpha
Seeking Alpha • Jul 12

Fisker: Not Buying Just Yet

Summary Electric vehicle startup Fisker Inc. announced its Q2 production figures and a major convertible bond offering. Despite Fisker making some positive strides, I am hesitant to recommending buying Fisker shares at this time. The Q2 production figures were disappointing and add execution pressure for the rest of 2023. Read the full article on Seeking Alpha
Analysis Article • Jun 22

At US$5.46, Is Fisker Inc. (NYSE:FSR) Worth Looking At Closely?

Fisker Inc. ( NYSE:FSR ), is not the largest company out there, but it saw a significant share price rise of over 20...
Seeking Alpha • Jun 12

Fisker: High Risk But Potentially High Reward

Summary Fisker is set to deliver its first few thousand cars this month, which could impact the stock positively or negatively depending on customer reviews. The company is working with Magna Steyr for production and aims to produce 6,000 cars per month by the end of the year. Fisker is looking to expand into the Chinese market, planning to open its first delivery center in 2023 and aiming for 100,000 cars per year by 2025. An ambitious goal. Read the full article on Seeking Alpha

Shareholder Returns

FSRN.QUS AutoUS Market
7D-30.0%12.7%2.6%
1Y-100.0%29.6%26.2%

Return vs Industry: FSRN.Q underperformed the US Auto industry which returned 5.7% over the past year.

Return vs Market: FSRN.Q underperformed the US Market which returned 38.3% over the past year.

Price Volatility

Is FSRN.Q's price volatile compared to industry and market?
FSRN.Q volatility
FSRN.Q Average Weekly Movement112.0%
Auto Industry Average Movement9.6%
Market Average Movement7.2%
10% most volatile stocks in US Market16.1%
10% least volatile stocks in US Market3.2%

Stable Share Price: FSRN.Q's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: FSRN.Q's weekly volatility has increased from 68% to 112% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20161,560Henrik Fiskerwww.fiskerinc.com

Fisker Inc. develops, manufactures, markets, leases, or sells electric vehicles. It operates through three segments: The White Space, The Value Segment, and The Conservative Premium segments. The company is also involved in asset-light automotive business.

Fisker Inc. Fundamentals Summary

How do Fisker's earnings and revenue compare to its market cap?
FSRN.Q fundamental statistics
Market capUS$1.21m
Earnings (TTM)-US$939.95m
Revenue (TTM)US$272.88m
0.0x
P/S Ratio
0.0x
P/E Ratio

Is FSRN.Q overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FSRN.Q income statement (TTM)
RevenueUS$272.88m
Cost of RevenueUS$558.82m
Gross Profit-US$285.94m
Other ExpensesUS$654.01m
Earnings-US$939.95m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)-0.62
Gross Margin-104.78%
Net Profit Margin-344.45%
Debt/Equity Ratio-1,250.9%

How did FSRN.Q perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/10/18 20:09
End of Day Share Price 2024/10/18 00:00
Earnings2023/12/31
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Fisker Inc. is covered by 13 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dan LevyBarclays
James PicarielloBNP Paribas
John BabcockBofA Global Research