Invinity Energy Systems (LON:IES) Stock Keeps “Buy” Rating at Canaccord Genuity Group

Invinity Energy Systems (LON:IES)‘s stock had its “buy” rating reiterated by equities research analysts at Canaccord Genuity Group in a research report issued on Monday, September 21st, Marketbeat reports. They currently have a GBX 60 price objective on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 215.79% from the stock’s current price.

Invinity Energy Systems Price Performance

LON IES traded up GBX 0.85 during trading on Monday, reaching GBX 19. 2,455,881 shares of the company traded hands, compared to its average volume of 1,752,583. The company has a debt-to-equity ratio of 3.86, a quick ratio of 2.00 and a current ratio of 2.81. The company has a market cap of £108.21 million, a price-to-earnings ratio of -3.73 and a beta of 1.00. Invinity Energy Systems has a 1-year low of GBX 15.50 and a 1-year high of GBX 40.50. The stock’s 50 day moving average price is GBX 22.17 and its two-hundred day moving average price is GBX 23.66.

Invinity Energy Systems (LON:IES) last issued its quarterly earnings data on Monday, September 21st. The company reported GBX (2.10) earnings per share (EPS) for the quarter. Invinity Energy Systems had a negative net margin of 290.32% and a negative return on equity of 43.20%. As a group, analysts anticipate that Invinity Energy Systems will post -9.3999995 EPS for the current year.

More Invinity Energy Systems News

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

• Neutral Sentiment: The available market data shows elevated trading volume relative to the company’s average, but without related corporate news this may reflect short-term trading activity rather than a fundamental change in valuation.
• Negative Sentiment: Invinity continues to report losses, with recent quarterly EPS of GBX (2.10), a negative net margin, and a negative return on equity. The shares also remain below their 50-day and 200-day moving averages, which may limit investor confidence.

Invinity Energy Systems Company Profile

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.