Volta Inc. (VLTA) expanding its growth trajectory ahead

Volta Inc. (NYSE: VLTA) stock fell -1.40% on Monday to $0.87 against a previous-day closing price of $0.88. With 5.91 million shares changed hands, the volume of the stock remained heavier than its average volume of 5.64 million shares. During the session, the Specialty Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.8700 whereas the lowest price it dropped to was $0.8551. The 52-week range on VLTA shows that it touched its highest point at $5.80 and its lowest point at $0.30 during that stretch. It currently has a 1-year price target of $1.18.

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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 VLTA was up-trending over the past week, with a rise of 30.00%, but this was up by 110.21% over a month. Three-month performance dropped to -12.79% while six-month performance fell -50.73%. The stock lost -83.00% in the past year, while it has gained 143.98% so far this year. A look at the trailing 12-month EPS for VLTA yields -1.52 with Next year EPS estimates of -0.72. For the next quarter, that number is -0.20. This implies an EPS growth rate of -315.90% for this year and 24.20% for next year.

Float and Shares Shorts:

At present, 168.75 million VLTA shares are outstanding with a float of 123.41 million shares on hand for trading. On Oct 13, 2022, short shares totaled 15.09 million, which was 8.91% higher than short shares on Sep 14, 2022. In addition to Mr. Vincent T. Cubbage as the firm’s Interim CEO & Director, Mr. Scott Mercer serves as its Independent Advisor.


Institutional Ownership:

Through their ownership of 27.80% of VLTA’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 28.28% of VLTA, in contrast to 13.26% held by mutual funds. Shares owned by individuals account for 12.80%. As the largest shareholder in VLTA with 4.16% of the stake, BlackRock Fund Advisors holds 7,209,946 shares worth 7,209,946. A second-largest stockholder of VLTA, The Vanguard Group, Inc., holds 6,322,036 shares, controlling over 3.65% of the firm’s shares. Evolution Wealth Advisors LLC is the third largest shareholder in VLTA, holding 4,932,324 shares or 2.84% stake. With a 2.29% stake in VLTA, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 3,973,258 shares are owned by the mutual fund manager. The SPDR S&P Kensho New Economies Com, which owns about 2.03% of VLTA stock, is the second-largest Mutual Fund holder. It holds 3,515,267 shares valued at 1.25 million. iShares Russell 2000 ETF holds 1.61% of the stake in VLTA, owning 2,797,068 shares worth 0.99 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VLTA since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 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 VLTA analysts setting a high price target of $2.00 and a low target of $0.86, the average target price over the next 12 months is $1.18. Based on these targets, VLTA could surge 129.89% to reach the target high and fall by -1.15% to reach the target low. Reaching the average price target will result in a growth of 35.63% 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. VLTA will report FY 2022 earnings on 03/18/2024. Analysts have provided yearly estimates in a range of -$0.88 being high and -$1.05 being low. For VLTA, this leads to a yearly average estimate of -$0.97. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Volta Inc. surprised analysts by -$0.00 when it reported -$0.25 EPS against a consensus estimate of -$0.25. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is -$0.16 and the low estimate is -$0.24. The average estimate for the next quarter is thus -$0.20.

Summary of Insider Activity:

Insiders traded VLTA stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 2,959 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 22,342,592 while 5,160,085 shares were sold.

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