Fisker, an electric vehicle maker (FSR), went public in a SPAC agreement with Spartan Energy Acquisition Corporation last year. Its unique product offering could give the company a strong foothold in the rapidly expanding EV industry. However, given the current global semiconductor chip shortage and FSR’s negative profit margins, is the stock worth owning now? Find out more. Fisker Inc. (FSR), a Manhattan Beach-based EV manufacturer, was made public last year by a reverse merger. It was backed Apollo Global Management, a private equity firm. It began trading in October 2020. The stock’s price jumped almost 13% on its debut on the market.

However, closing yesterday’s trading session at $18.89, the stock is trading 40.9% below its 52-week high of $31.96, which it hit on February 2, 2021, indicating a downtrend.

In addition, concerns over the global semiconductor chip shortages’ effect on the EV industry may keep the stock under pressure in the near term. Furthermore, given the stock’s steep valuation and the company’s weak financials, we think it could be a risky bet.

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