Proterra Inc. (NASDAQ:PTRA) saw a downside of -10.06% to close Monday at $1.43 after subtracting -$0.16 on the day. The 5-day average trading volume is 3,599,680 shares of the company’s common stock. It has gained $2.0600 in the past week and touched a new high 1 time within the past 5 days. An average of 2,595,260 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,345,006.
PTRA’s 1-month performance is 23.28% or $0.2700 on its low of $1.1600 reached on 07/10/23. The company’s shares have touched a 52-week low of $0.91 and high of $7.70, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, PTRA has lost -62.07% or -$2.3400 and has reached a new high 10 times. However, the current price is down -81.44% from the 52-week high price.
Insider Transactions
PTRA stock investors last saw insider trading activity on May 26.Soell Julian R (President, Proterra Transit) most recently sold 21,410 shares at $1.14 per share on May 26. This transaction cost the insider $24,478. President, Powered & Energy, Bailey Christopher L, sold 3,742 shares at a price of $1.14 on May 26. Then, on Mar 27, President, Powered & Energy Bailey Christopher L sold 9,535 shares at a price of $1.51 per share. This transaction amounted to $14,445.
Valuation Metrics
PTRA stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.07 while the price-to-book (PB) in the most recent quarter is 1.19.
Proterra Inc.’s quick ratio for the period ended March 30 was 1.00, with the current ratio over the same period at 1.40. In terms of profitability, the gross margin trailing 12 months is -8.30%. The trailing 12-month EBITDA margin is -67.32%. The firm’s gross profit as reported stood at -$23.99 million against revenue of $309.36 million.
Earnings Surprise
For the quarterly period ending March 30 this year, Proterra Inc.’s cash and short-term investments amounted to $128.34 million against total debt of $201.49 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 99.12% to -$243.98 million, while revenue of -$4.39 million was 98.2% off the previous quarter. Analysts expected PTRA to announce -$0.27 per share in earnings in its latest quarter, but it posted -$1.08, representing a -300.00% surprise. EBITDA for the quarter stood at more than -$50.5 million. PTRA stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 560.0 million, with total debt at $201.49 million. Shareholders hold equity totaling $226.9 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 07 August was 43.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 135.41%.
The stock’s 5-day moving average is $1.6820, reflecting a -15.38% or -$0.2600 change from its current price. PTRA is currently trading +15.32% above its 20-day SMA, -47.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +17.21% and SMA200 by-72.07%.
Stochastic %K and %D was 35.34% and 50.68% and the average true range (ATR) pointed at 0.1876. The RSI (14) points at 48.13%, while the 14-day stochastic is at 14.86% with the period’s ATR at 0.1709. The stock’s 9-day MACD Oscillator is pointing at -0.0244 and 0.0036 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Proterra Inc. (NASDAQ: PTRA), BTIG Research launched coverage with a Buy rating.
