As of Friday close, Lightning eMotors Inc.’s (NYSE:ZEV) stock was up $0.01, moving up 4.17 percent to $0.32. The average number of shares traded per day over the past five days has been 4,615,640 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2400 fall in that time frame. In the last twenty days, the average volume was 1,969,310, while in the previous 50 days, it was 2,043,716.
Since last month, ZEV stock retreated -54.58%. Shares of the company fell to $0.2888 on 03/17/23, the lowest level in the past month. A 52-week high of $6.05 was reached on 02/02/23 after having rallying from a 52-week low of $0.29. Since the beginning of this year, ZEV’s stock price has dropped by -12.69% or -$0.0465, and marked a new high 13 times. However, the stock has declined by -94.71% since its 52-week high.
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ZEV stock investors should be aware that Lightning eMotors Inc. (ZEV) stock had its last reported insider trading activity 127 days ago on Nov 11. Rosella Holdings Ltd, the 10% Owner of the company, disposed of 1,300,000 shares for $1.10 on Nov 11. It resulted in a $1,430,130 divestment by the insider. Rosella Holdings Ltd sold 570,563 shares at an average price of $2.10 on Sep 07. The insider now owns 8,871,903 shares following the transaction. On Aug 23, 10% Owner Rosella Holdings Ltd sold 466,574 shares at $2.52 apiece. The transaction was valued at $1,178,099.
Valuation Metrics
Right now, Lightning eMotors Inc. (ZEV) has a P/E ratio of about 0.58. Besides these, the trailing price-to-sales (P/S) ratio of 1.18, the price-to-book (PB) ratio of 0.45.
Financial Health
In the three months ended December 30, Lightning eMotors Inc.’s quick ratio stood at 4.90, while its current ratio was 6.40, 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 December 30 was 1.33, and the total debt-to-equity ratio was 1.33. On the profitability front, the trailing twelve-month gross margin is -40.30% percent. Based on annual data, ZEV earned -$11.84 million in gross profit and brought in $24.41 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 -55.00%. Return on equity (ROE) for the past 12 months was 125.00%.
In Lightning eMotors Inc.’s quarter-end financial report for December 30, it reported total debt of $62.1 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZEV’s revenue fell -103.46% to $11.13 million during the quarter, while net income inched up to $4.33 million. While analysts expected Lightning eMotors Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.11 per share, beating the consensus estimate by 59.30%. During the quarter, the company generated -$18.75 million in EBITDA. The liabilities of Lightning eMotors Inc. were 89.0 million at the end of its most recent quarter ended December 30, and its total debt was $72.28 million. The value of shareholders’ equity is $94.25 million.
Technical Picture
This quick technical analysis looks at Lightning eMotors Inc.’s (ZEV) price momentum. With a historical volatility rate of 239.26%, the RSI 9-day stood at 20.52% on 17 March.
With respect to its five-day moving average, the current Lightning eMotors Inc. price is down by -42.86% percent or -$0.2400. At present, ZEV shares trade -52.05% below its 20-day simple moving average and -75.76% percent below its 100-day simple moving average. However, the stock is currently trading approximately -23.11% below its SMA50 and -92.02% below its SMA200.
Stochastic coefficient K was 3.45% and Stochastic coefficient D was 1.73%, while ATR was 0.0712. Given the Stochastic reading of 7.41% for the 14-day period, the RSI (14) reading has been calculated as 27.36%. As of today, the MACD Oscillator reading stands at -0.1224, while the 14-day reading stands at -0.1973.
Analyst Ratings
Cantor Fitzgerald launched its rating on Lightning eMotors Inc. (NYSE: ZEV) to an Overweight in a note to investors on June 23, 2022. Lightning eMotors Inc. (ZEV) has been rated Overweight by analysts. According to 0 brokerage firms, ZEV is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Lightning eMotors Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $1.50, the current consensus forecast for the stock is $0.20 – $2.00. Based on these forecasts, analysts predict Lightning eMotors Inc. (ZEV) will achieve an average price target of $1.30.