Invinity Energy Systems (LON:IES) Trading Up 0.4% – Should You Buy?

Invinity Energy Systems plc (LON:IES) shares rose 0.4% on Monday . The stock traded as high as GBX 24 and last traded at GBX 24. 1,731,331 shares were traded during trading, a decline of 9% from the average daily volume of 1,912,160 shares. The stock had previously closed at GBX 23.90.

Key Stories Impacting Invinity Energy Systems

Here are the key news stories impacting Invinity Energy Systems this week:

• Neutral Sentiment: No new contract, funding announcement, trading update, earnings release or analyst-rating change for Invinity Energy Systems was included in the supplied news.
• Negative Sentiment: The broader investment backdrop remains challenging: Invinity is loss-making, with reported quarterly EPS of GBX (5.10), a negative net margin and a share price below its 50-day moving average. These factors may continue to weigh on sentiment in the absence of fresh commercial progress.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 60 price objective on shares of Invinity Energy Systems in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 60.

Invinity Energy Systems Stock Down 1.6%

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 company has a market capitalization of £128.83 million, a price-to-earnings ratio of -4.44 and a beta of 1.00. The business has a 50 day simple moving average of GBX 26.49 and a 200 day simple moving average of GBX 23.37.

Invinity Energy Systems (LON:IES) last posted its quarterly earnings results on Monday, June 1st. The company reported GBX (5.10) EPS for the quarter. The business had revenue of GBX 818 million during the quarter. Invinity Energy Systems had a negative return on equity of 39.44% and a negative net margin of 294.48%. As a group, equities analysts predict that Invinity Energy Systems plc 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.