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.

Top 5 Undervalued Stocks To Own In 2023

Microchip Maker Releases "World's Most Powerful Data Center CPU". It could allow the company who manufactures it to lead the industry as the global microchip shortage continues into the coming year. We've put together a free research report that explains all the details. Not only will you find out why analysts believe this chip manufacturer could lead the pack, you will also discover four more potential winners for the coming year.

Click here to download your Free Research Report…


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.

Leave a Comment

Your email address will not be published. Required fields are marked *