Is Volta Inc. (VLTA) Stock Cheap Or Risky?


As of Friday close, Volta Inc.’s (NYSE:VLTA) stock was down -$0.01, moving down -0.57 percent to $0.85. The average number of shares traded per day over the past five days has been 2,448,780 shares. 4 times new highs have been achieved over the past 5 days, with a $0.0020 gain in that time frame. In the last twenty days, the average volume was 1,676,770, while in the previous 50 days, it was 3,245,036.

Since last month, VLTA stock rose 0.24%. Shares of the company fell to $0.8200 on 03/09/23, the lowest level in the past month. A 52-week high of $4.83 was reached on 01/18/23 after having rallying from a 52-week low of $0.30. Since the beginning of this year, VLTA’s stock price has risen by 139.73% or $0.4966, and marked a new high 11 times. However, the stock has declined by -82.36% since its 52-week high.

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Financial Health

In the three months ended September 29, Volta Inc.’s quick ratio stood at 0.50, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.07, and the total debt-to-equity ratio was 0.17. On the profitability front, the trailing twelve-month gross margin is 26.20% percent. Based on annual data, VLTA earned $7.6 million in gross profit and brought in $32.31 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 -83.30%. Return on equity (ROE) for the past 12 months was -110.40%.

In Volta Inc.’s quarter-end financial report for September 29, it reported total debt of $12.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VLTA’s revenue rose 40.88% to $15.34 million during the quarter, while net income inched up to $14.36 million. While analysts expected Volta Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.25 per share, beating the consensus estimate by 7.40%. During the quarter, the company generated -$35.24 million in EBITDA. The liabilities of Volta Inc. were 203.5 million at the end of its most recent quarter ended September 29, and its total debt was $121.94 million. The value of shareholders’ equity is $173.45 million.

Technical Picture

This quick technical analysis looks at Volta Inc.’s (VLTA) price momentum. With a historical volatility rate of 14.10%, the RSI 9-day stood at 52.65% on 17 March.

With respect to its five-day moving average, the current Volta Inc. price is up by +0.24% percent or $0.0020. At present, VLTA shares trade +0.22% above its 20-day simple moving average and -18.08% percent below its 100-day simple moving average. However, the stock is currently trading approximately +110.68% above its SMA50 and -65.37% below its SMA200.

Stochastic coefficient K was 92.72% and Stochastic coefficient D was 89.62%, while ATR was 0.0092. Given the Stochastic reading of 84.21% for the 14-day period, the RSI (14) reading has been calculated as 58.62%.

Analyst Ratings

Volta Inc. downgraded its rating on Volta Inc. (NYSE: VLTA) to a Mkt perform in a note to investors on November 15, 2022. The analysts firm previously had an Outperform rating on the stock.Volta Inc. (VLTA) has been rated Hold by analysts. According to 0 brokerage firms, VLTA 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 Volta Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $1.00, the current consensus forecast for the stock is $0.86 – $2.00. Based on these forecasts, analysts predict Volta Inc. (VLTA) will achieve an average price target of $1.29.


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