Fisker Inc’s stock is doing well, up by 5.5% to $5.60 before the market opens. This positive trend is due to a positive report and good news about their electric vehicles.
Bank of America has given Fisker Inc a “buy” rating again, believing that investing in their stock is a good idea because it provides a direct way to benefit from the fast-growing electric vehicle market. Additionally, Fisker Inc has announced plans to increase the number of its Ocean vehicles it delivers to 300 per day later this year.
Before today, there were mixed opinions about Fisker’s stock. Out of nine different analyst firms, four recommended a “strong buy,” two said “hold,” and three suggested a “strong sell.” It’s worth noting that there has been a decrease in people betting against Fisker’s stock, with short interest falling by 4.7% in the last two reporting periods. However, it’s still relatively high, with 81.74 million shares being sold short, making up 42.6% of the total shares available for trading.
Options traders are feeling pretty positive about Fisker Inc’s stock. They’ve been making more calls than puts, and this ratio is among the highest it’s been all year, showing a strong preference for bullish bets. Additionally, the open interest ratio for put and call options is at a low level compared to the past year, indicating optimism among options traders.
Fisker’s stock has had a rough start this year, with a 27% decrease in value. But there’s some good news – recently, the stock has been on an upward trend, going up by 9.3% in the last three months. However, it’s important to note that Fisker’s stock price is currently lower than key short-term and long-term moving averages, which could be a concern for investors.
