Fluent Inc. (NASDAQ:FLNT) shares fell to a low of $2.85 before closing at $2.86. Intraday shares traded counted 0.41 million, which was 59.71% higher than its 30-day average trading volume of 1.02M. FLNT’s previous close was $2.99 while the outstanding shares total 81.89M. The firm has a beta of 2.91. The stock’s Relative Strength Index (RSI) is 39.27, with weekly volatility at 3.85% and ATR at 0.20. The FLNT stock’s 52-week price range has touched low of $1.64 and a $8.50 high. The stock traded lower over the last trading session, losing -4.52% on 06/03/21.
Investors have identified the Advertising Agencies company Fluent Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $227.91 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Fluent Inc. (FLNT) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FLNT, the company has in raw cash 32.66 million on their books with 6.25 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 93.97 million total, with 48.12 million as their total liabilities.
FLNT were able to record 4.98 million as free cash flow during the 08/11/2021 quarter of the year, this saw their quarterly net cash flow reduce by 11.57 million. In cash movements, the company had a total of 4.98 million as operating cash flow.
Potential earnings growth for Fluent Inc. (FLNT)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/11/2021 quarter of the year, Fluent Inc. recorded a total of 70.17 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -12.49% coming in sequential stages and their sales for the 08/11/2021 quarter reducing by -16.85%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 50.99 million trying to sell their products during the last quarter, with the result yielding a gross income of 19.18 million. This allows shareholders to hold on to 81.89M with the recently reported earning now reading -0.08 cents per share. This is a figure that compared to analyst’s prediction for their 08/11/2021 (-0.08 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.21 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FLNT sounds very interesting.
Is the stock of FLNT attractive?
In related news, President, Conlin Matthew bought 8,129 shares of the company’s stock in a transaction that recorded on Aug 14. The purchase was performed at an average price of 2.54, for a total value of 20,630. As the purchase deal closes, the Chief Executive Officer, Schulke Ryan now bought 5,085 shares of the company’s stock, valued at 13,130. Also, Chief Executive Officer, Schulke Ryan bought 14,915 shares of the company’s stock in a deal that was recorded on Aug 13. The shares were cost at an average price of 2.32 per share, with a total market value of 34,667. Following this completion of disposal, the President, Conlin Matthew now holds 14,441 shares of the company’s stock, valued at 33,531. In the last 6 months, insiders have changed their ownership in shares of company stock by 17.70%.
1 out of 2 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Fluent Inc.. 0 analysts has assigned a Sell rating on the FLNT stock. The 12-month mean consensus price target for the company’s shares has been set at $5.00.