Tritium DCFC Limited (NASDAQ: DCFC) stock jumped 3.28% on Friday to $0.19 against a previous-day closing price of $0.19. With 1.26 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.2 million shares. During the session, the Electrical Equipment & Parts company that operates in wider Industrials sector, reached to the highest price of $0.1992 whereas the lowest price it dropped to was $0.1805. The 52-week range on DCFC shows that it touched its highest point at $2.20 and its lowest point at $0.16 during that stretch. It currently has a 1-year price target of $4.35. Beta for the stock currently stands at 1.17.
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 -18.61%, but this was down by -33.92% over a month. Three-month performance dropped to -80.69% while six-month performance fell -81.43%. The stock lost -87.50% in the past year, while it has lost -88.39% so far this year. A look at the trailing 12-month EPS for DCFC yields -0.83 with Next year EPS estimates of -0.04. For the next quarter, that number is -0.15. This implies an EPS growth rate of 57.05% for this year and 86.57% for next year.
Float and Shares Shorts:
At present, 142.01 million DCFC shares are outstanding with a float of 130.24 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.25 million, which was 1.92% higher than short shares on Sep 28, 2023. In addition to Ms. Jane Hunter as the firm’s CEO & Executive Director, Dr. David Finn BE (Hons), BSc, Ph.D. serves as its Founder & Non-Executive Director.
Through their ownership of 23.47% of DCFC’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.66% of DCFC, in contrast to 0.11% held by mutual funds. As the largest shareholder in DCFC with 0.51% of the stake, FNY Capital Management LP holds 1,025,300 shares worth 1,025,300. A second-largest stockholder of DCFC, Cigna Investments, Inc., holds 923,760 shares, controlling over 0.46% of the firm’s shares. Healthcare of Ontario Pension Pla is the third largest shareholder in DCFC, holding 768,764 shares or 0.38% stake.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. Over the past year, revenue came in at $85.82M while operating income stood at -$92.90M. EBITDA for the full year was -$87.36M.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DCFC since 0 analysts follow the stock currently. 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 $12.00 and a low target of $0.40, the average target price over the next 12 months is $4.35. Based on these targets, DCFC could surge 6215.79% to reach the target high and rise by 110.53% to reach the target low. Reaching the average price target will result in a growth of 2189.47% from current levels.
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.