Embark Technology Inc. (EMBK) Is A Stock You Should Watch

As of Friday close, Embark Technology Inc.’s (NASDAQ:EMBK) stock was up $0.4, moving up 20.62 percent to $2.34. The average number of shares traded per day over the past five days has been 10,080,620 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.5700 fall in that time frame. In the last twenty days, the average volume was 3,077,640, while in the previous 50 days, it was 1,697,472.

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Since last month, EMBK stock retreated -58.21%. Shares of the company fell to $1.3500 on 05/10/22, the lowest level in the past month. A 52-week high of $10.49 was reached on 01/03/22 after having rallying from a 52-week low of $1.35. Since the beginning of this year, EMBK’s stock price has dropped by -73.04% or -$6.3400, and marked a new high 1 time. However, the stock has declined by -77.69% since its 52-week high.

Financial Health

In the recent quarter, Embark Technology Inc.’s quick ratio stood at 46.30, while its current ratio was 46.30, showing that the company is able to pay off its debt. Based on annual data, EMBK earned $8.16 million in gross profit and brought in $103.66 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$39.75 million in EBITDA. The liabilities of Embark Technology Inc. were 45.01 million at the end of its most recent quarter, and its total debt was $21.4 million. The value of shareholders’ equity is $0.0.

Technical Picture

This quick technical analysis looks at Embark Technology Inc.’s (EMBK) price momentum. With a historical volatility rate of 484.13%, the RSI 9-day stood at 28.92% on 13 May.

With respect to its five-day moving average, the current Embark Technology Inc. price is down by -40.15% percent or -$1.5700. At present, EMBK shares trade -58.80% below its 20-day simple moving average and -72.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -51.15% below its SMA50 and -76.34% below its SMA200.

Stochastic coefficient K was 13.91% and Stochastic coefficient D was 8.92%, while ATR was 0.6400. Given the Stochastic reading of 21.85% for the 14-day period, the RSI (14) reading has been calculated as 30.31%. As of today, the MACD Oscillator reading stands at -1.2000, while the 14-day reading stands at -1.9900.

Analyst Ratings

Vertical Research launched its rating on Embark Technology Inc. (NASDAQ: EMBK) to a Buy in a note to investors on April 26, 2022. Embark Technology Inc. (EMBK) has been rated Overweight by analysts. According to 0 brokerage firms, EMBK is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Embark Technology Inc. stock as buy, with 2 recommending it as overweight.

With a median target price of $5.50, the current consensus forecast for the stock is $4.00 – $20.00. Based on these forecasts, analysts predict Embark Technology Inc. (EMBK) will achieve an average price target of $8.75.


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