The stock of Proterra Inc. (NASDAQ:PTRA) decreased by $0.0 on Monday to finish at $0.12, down -2.70 percent. The last five days have seen an average of 118,146,539 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$3.6547. The average number of shares traded over the last 20 days was 31,657,535, while the average volume over the last 50 days totaled 13,928,904.
PTRA stock dropped -91.33% since last month. On 08/10/23, the company’s shares reached a one-month low of $0.1000. The stock touched a high of $7.70 on 02/02/23, after rallying from a low of $0.10 in 52 weeks. The price of PTRA stock has declined by -96.94% or -$3.6547 this year, reaching a new high 10 times. Still, the stock price is down -98.50% from the 52-week high.
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Insider Transactions
PTRA stock investors should be aware that Proterra Inc. (PTRA) stock had its last reported insider trading activity 81 days ago on May 26. On May 26, President, Proterra Transit Soell Julian R sold 21,410 shares at $1.14 each. This transaction resulted in the insider making $24,478. On May 26, Bailey Christopher L sold 3,742 shares at a price of US$1.14. After the transaction, the insider now owns 480,771 shares. President, Powered & Energy Bailey Christopher L had earlier sold 9,535 shares on Mar 27 for $1.51 a share. The transaction was completed for $14,445.
Valuation Metrics
Beta for the stock is 1.48. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.07, the price-to-book (PB) ratio of 0.10.
Financial Health
For the three months ended June 29, Proterra Inc.’s quick ratio was 1.00, while its current ratio was 1.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -8.30% percent. Based on annual data, it had gross profit of -$23.99 million and revenue of $309.36 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PTRA’s return on assets (ROA) during the last 12 months has been -49.70%. There was a -32.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -85.40%.
Earnings Surprise
According to Proterra Inc.’s quarterly financial report for the quarter that ended June 29, it had $156.62 million in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $85.61 million, while revenues rose by 98.36% to $79.53 million. It was predicted that Proterra Inc.’s quarterly earnings would be -$0.28, but it ended up being -$0.25, beating the consensus by -12.00%. EBITDA was -$55.08 million for the quarter. At the end of Proterra Inc.’s most recent quarter ended June 29, its liabilities totaled 556.69 million, while its total debt was $202.55 million. Equity owned by shareholders amounts to $227.8 million.
Technical Picture
Here’s a quick look at Proterra Inc.’s (PTRA) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 17.30%, suggesting the stock is oversold, with a 1,015.74% historical volatility rate.
The stochastic %K and %D were 0.66% and 0.58% respectively, while the average true range (ATR) was 0.2092. Based on the 14-day stochastic reading of 0.78%, the RSI (14) reading is 23.02%. On the 9-day MACD Oscillator, the stock is at -0.6844, and the 14-day reading is at -0.9654.
Analyst Ratings
Proterra Inc. (NASDAQ: PTRA) was downgraded by BTIG Research to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Proterra Inc. (PTRA) an Hold rating. PTRA is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is PTRA’s price target for the next 12 months?
The current consensus forecast for the stock is between $1.40 and $1.40, with a median target price of $1.40. In analyzing these forecasts, the average price target given by analysts for Proterra Inc. (PTRA) is $1.40.
