Proterra Inc. (NASDAQ:PTRA) saw an upside of 2.74% to $9.48 after adding $0.25 on Wednesday. The 5-day average trading volume is 988,384 shares of the company’s common stock. It has gained $9.57 in the past week. An average of 2,002,896 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,175,724.
PTRA’s 1-month performance is -10.13% or -$0.85 on its low of $8.95 reached on 10/11/21. The company’s shares have touched a 52-week low of $8.77 and high of $31.06. YTD, PTRA has lost -16.70% or -$1.66. However, the current price is down -69.47%% from the 52-week high price.
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Proterra Inc. (PTRA) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 31.00 for the sector.PTRA stock has a beta of 0.00. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 11.04 while the price-to-book (PB) in the most recent quarter is 0.62.
Proterra Inc.’s quick ratio for the period ended June 29 was 9.80, with the current ratio over the same period at 10.90 meaning that PTRA stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.16.
For the quarterly period ending June 29 this year, Proterra Inc.’s cash and short-term investments amounted to $126.69 million against total debt of $114.42 million. Net income shrunk -445.22% to $1.57 million, while revenue of $1.49 million was 5.1% off the previous quarter. Analysts expected PTRA to announce -$0.14 per share in earnings in its latest quarter, but it posted -$1.33, representing a -850.00% surprise. EBITDA for the quarter stood at more than -$29.75 million. PTRA stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 344.17 million, with total debt at $114.42 million. Shareholders hold equity totaling $212.3 million
Let’s look briefly at Proterra Inc. (PTRA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 43.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 41.29%.
The stock’s 5-day moving average is $9.20, reflecting a +1.82% or $0.17 change from its current price. PTRA is currently trading -6.66% above its 20-day SMA, -43.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -9.18% and -18.46% respectively.
Stochastic %K and %D was 12.03% and 7.33% and the average true range (ATR) pointed at 0.45. The RSI (14) points at 43.07%, while the 14-day stochastic is at 22.29% with the period’s ATR at 0.50. The stock’s 9-day MACD Oscillator is pointing at -0.18 and -0.54 on the 14-day charts.
In the most recent analyst report for Proterra Inc. (NASDAQ: PTRA), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for PTRA stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PTRA as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is PTRA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $10.00 and a high of $15.00, with their median price target at $14.50. Looking at these predictions, the average price target given by analysts is for Proterra Inc. (PTRA) stock is $13.50.