As of Wednesday close, Tritium DCFC Limited’s (NASDAQ:DCFC) stock was down -$0.04, moving down -4.04 percent to $1.00. The average number of shares traded per day over the past five days has been 1,008,660 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0620 fall in that time frame. In the last twenty days, the average volume was 1,161,050, while in the previous 50 days, it was 1,060,592.
Since last month, DCFC stock retreated -28.71%. Shares of the company fell to $0.9454 on 08/22/23, the lowest level in the past month. A 52-week high of $7.15 was reached on 01/17/23 after having rallying from a 52-week low of $0.82. Since the beginning of this year, DCFC’s stock price has dropped by -40.60% or -$0.6820, and marked a new high 2 times. However, the stock has declined by -86.04% since its 52-week high.
Financial Health
In the three months ended September 29, Tritium DCFC Limited’s quick ratio stood at 0.90, while its current ratio was 1.30, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -10.80% percent. Based on annual data, DCFC earned -$0.34 million in gross profit and brought in $85.82 million in revenue.
While analysts expected Tritium DCFC Limited to report -$0.24 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by 137.50%. The liabilities of Tritium DCFC Limited were 385.52 million at the end of its most recent quarter ended September 29, and its total debt was $191.4 million.
Technical Picture
This quick technical analysis looks at Tritium DCFC Limited’s (DCFC) price momentum. With a historical volatility rate of 60.12%, the RSI 9-day stood at 39.59% on 30 August.
With respect to its five-day moving average, the current Tritium DCFC Limited price is down by -5.85% percent or -$0.0620. At present, DCFC shares trade -32.11% below its 20-day simple moving average and -9.68% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.95% below its SMA50 and -38.01% below its SMA200.
Stochastic coefficient K was 23.00% and Stochastic coefficient D was 19.67%, while ATR was 0.0732. Given the Stochastic reading of 19.16% for the 14-day period, the RSI (14) reading has been calculated as 41.67%.
Analyst Ratings
Tritium DCFC Limited downgraded its rating on Tritium DCFC Limited (NASDAQ: DCFC) to a Neutral in a note to investors on September 23, 2022. The analysts firm previously had a Buy rating on the stock.Tritium DCFC Limited (DCFC) has been rated Buy by analysts. According to 0 brokerage firms, DCFC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Tritium DCFC Limited stock as buy, with 2 recommending it as overweight.
With a median target price of $6.00, the current consensus forecast for the stock is $3.00 – $7.00. Based on these forecasts, analysts predict Tritium DCFC Limited (DCFC) will achieve an average price target of $5.50.
