Fisker (FSR) Surges 7.03% on November 13, Closes at $4.11

Fisker (FSR) Stock Price

On November 13, 2023, Fisker stock (NYSE: FSR) demonstrated a notable surge, closing at $4.11, reflecting a significant daily increase of 7.03%. During after-hours trading, the stock experienced further volatility, reaching $3.50, with a decrease of 14.84%.

Fisker (FSR) Stock Analysis

On November 13, 2023, Fisker (NYSE: FSR) exhibited a robust performance, closing at $4.11, marking a noteworthy 7.03% increase from the previous day's closing price of $3.84. The day's trading activity saw Fisker's stock opening at $3.93, reaching a high of $4.12 and a low of $3.74. During after-hours trading, the stock experienced a shift to $3.50, reflecting a decrease of 14.84% from the closing price. The average trading volume for the day stood at 7.60 million shares.

Fisker's 52-week performance showcased a range between a high of $8.85 and a low of $3.68. The market capitalization for FSR on November 13, 2023, was reported at $1.41 billion. These metrics indicate both the intraday and longer-term movements, providing investors with insights into the stock's volatility and stability within the specified timeframe. Overall, Fisker's performance on this day suggests active market participation and potential shifts in investor sentiment.

Fisker (FSR) Stock-Key Data

Fisker (FSR)

Fisker founded in 2016 by Henrik Fisker and Geeta Gupta-Fisker, is an American automotive company headquartered in Manhattan Beach, California. Serving as the successor to Fisker Automotive, the company has been a prominent player in the electric vehicle (EV) market. Focused on sustainable transportation, Fisker is currently in the process of developing the Fisker Ocean, an electric SUV boasting an estimated range of 300–350 miles (480–560 km). Production for the Fisker Ocean is anticipated to commence in late 2022.

In its earlier endeavors, Fisker was actively involved in the exploration of solid-state battery technologies until 2021. Despite efforts, the company faced challenges in producing a viable solid-state battery. Notably, on July 13, 2020, Fisker made a significant move by announcing its initial public offering (IPO) on the New York Stock Exchange. This was achieved through a merger with Spartan Energy Acquisition Corp, a Special Purpose Acquisition Company (SPAC) supported by private equity firm Apollo Global Management. The reverse merger was successfully completed on October 30, 2020, marking a pivotal moment in Fisker financial and strategic trajectory