As of Thursday close, Proterra Inc.’s (NASDAQ:PTRA) stock was up $0.4, moving up 8.51 percent to $5.10. The average number of shares traded per day over the past five days has been 2,559,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.11 fall in that time frame. In the last twenty days, the average volume was 2,066,675, while in the previous 50 days, it was 2,715,852.
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Since last month, PTRA stock retreated -26.30%. Shares of the company fell to $4.43 on 05/12/22, the lowest level in the past month. A 52-week high of $20.12 was reached on 01/13/22 after having rallying from a 52-week low of $4.64. Since the beginning of this year, PTRA’s stock price has dropped by -42.24% or -$3.73, and marked a new high 4 times. However, the stock has declined by -74.65% since its 52-week high.
In the three months ended September 29, Proterra Inc.’s quick ratio stood at 8.40, while its current ratio was 9.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.15, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is -0.70% percent. Based on annual data, PTRA earned $2.05 million in gross profit and brought in $242.86 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -15.40%. Return on equity (ROE) for the past 12 months was -42.70%.
In Proterra Inc.’s quarter-end financial report for September 29, it reported total debt of $116.13 million against cash and short-term investments of $551.32 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PTRA’s revenue rose 97.46% to $1.22 million during the quarter, while net income inched up to $58.58 million. While analysts expected Proterra Inc. to report -$0.16 quarterly earnings, the actual figure was -$0.73 per share, beating the consensus estimate by -356.20%. During the quarter, the company generated -$34.66 million in EBITDA. The liabilities of Proterra Inc. were 262.04 million at the end of its most recent quarter ended September 29, and its total debt was $118.22 million. The value of shareholders’ equity is $223.0 million.
This quick technical analysis looks at Proterra Inc.’s (PTRA) price momentum. With a historical volatility rate of 92.49%, the RSI 9-day stood at 32.83% on 12 May.
With respect to its five-day moving average, the current Proterra Inc. price is down by -17.87% percent or -$1.11. At present, PTRA shares trade -29.36% below its 20-day simple moving average and -42.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -34.78% below its SMA50 and -53.04% below its SMA200.
Stochastic coefficient K was 11.44% and Stochastic coefficient D was 6.18%, while ATR was 0.52. Given the Stochastic reading of 28.36% for the 14-day period, the RSI (14) reading has been calculated as 34.43%. As of today, the MACD Oscillator reading stands at -0.80, while the 14-day reading stands at -1.07.
Morgan Stanley launched its rating on Proterra Inc. (NASDAQ: PTRA) to an Equal-weight in a note to investors on October 22, 2021. Proterra Inc. (PTRA) has been rated Overweight by analysts. According to 0 brokerage firms, PTRA is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Proterra Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $8.50, the current consensus forecast for the stock is $8.00 – $12.25. Based on these forecasts, analysts predict Proterra Inc. (PTRA) will achieve an average price target of $9.35.