Ready to Jump After Recent Trade: Tritium DCFC Limited (DCFC)

Tritium DCFC Limited (NASDAQ: DCFC) stock jumped 7.63% on Monday to $1.41 against a previous-day closing price of $1.31. With 4.83 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.35 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $1.4600 whereas the lowest price it dropped to was $1.3100. The 52-week range on DCFC shows that it touched its highest point at $19.75 and its lowest point at $1.03 during that stretch. It currently has a 1-year price target of $8.62.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DCFC was down-trending over the past week, with a drop of -5.37%, but this was up by 20.51% over a month. Three-month performance dropped to -40.00% while six-month performance fell -76.10%. The stock lost -80.00% in the past year, while it has lost -16.07% so far this year. A look at the trailing 12-month EPS for DCFC yields -0.94 with Next year EPS estimates of -0.34.

Float and Shares Shorts:

At present, 135.38 million DCFC shares are outstanding with a float of 80.91 million shares on hand for trading. On Oct 13, 2022, short shares totaled 1.4 million, which was 0.91% higher than short shares on Sep 14, 2022. In addition to Ms. Jane Hunter as the firm’s CEO & Exec. Director, Dr. David Finn BE (Hons), BSc, Ph.D. serves as its Founder, Chief Vision Officer & Exec. Director.


Institutional Ownership:

Through their ownership of 30.97% of DCFC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 6.45% of DCFC, in contrast to -0.30% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in DCFC with 2.26% of the stake, Invesco Capital Management LLC holds 3,511,128 shares worth 3,511,128. A second-largest stockholder of DCFC, First Trust Advisors LP, holds 990,875 shares, controlling over 0.64% of the firm’s shares. Erste Asset Management GmbH is the third largest shareholder in DCFC, holding 649,271 shares or 0.42% stake.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DCFC since 7 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DCFC analysts setting a high price target of $11.00 and a low target of $3.00, the average target price over the next 12 months is $7.14. Based on these targets, DCFC could surge 680.14% to reach the target high and rise by 112.77% to reach the target low. Reaching the average price target will result in a growth of 406.38% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. DCFC will report FY 2023 earnings on 09/22/2023. Analysts have provided yearly estimates in a range of -$0.38 being high and -$0.89 being low. For DCFC, this leads to a yearly average estimate of -$0.60. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Tritium DCFC Limited surprised analysts by -$0.01 when it reported -$0.18 EPS against a consensus estimate of -$0.17. The surprise factor in the prior quarter was $0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.15 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.15.

Summary of Insider Activity:

Insiders traded DCFC stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.

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