As of Friday close, Tritium DCFC Limited’s (NASDAQ:DCFC) stock was down -$0.11, moving down -20.79 percent to $0.40. The average number of shares traded per day over the past five days has been 3,338,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.2536 fall in that time frame. In the last twenty days, the average volume was 1,806,625, while in the previous 50 days, it was 1,397,818.
Since last month, DCFC stock retreated -61.94%. Shares of the company fell to $0.3900 on 09/22/23, the lowest level in the past month. A 52-week high of $5.00 was reached on 01/17/23 after having rallying from a 52-week low of $0.50. Since the beginning of this year, DCFC’s stock price has dropped by -75.99% or -$1.2800, and marked a new high 2 times. However, the stock has declined by -91.93% since its 52-week high.
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Financial Health
In the recent quarter, 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 -$4.08 million in gross profit and brought in $184.54 million in revenue.
Technical Picture
This quick technical analysis looks at Tritium DCFC Limited’s (DCFC) price momentum. With a historical volatility rate of 41.56%, the RSI 9-day stood at 5.52% on 22 September.
With respect to its five-day moving average, the current Tritium DCFC Limited price is down by -38.80% percent or -$0.2536. At present, DCFC shares trade -59.31% below its 20-day simple moving average and -58.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately -64.60% below its SMA50 and -68.50% below its SMA200.
Stochastic coefficient K was 3.90% and Stochastic coefficient D was 3.97%, while ATR was 0.0833. Given the Stochastic reading of 1.78% for the 14-day period, the RSI (14) reading has been calculated as 12.83%. As of today, the MACD Oscillator reading stands at -0.1134, while the 14-day reading stands at -0.1922.
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 $5.00, the current consensus forecast for the stock is $2.00 – $7.00. Based on these forecasts, analysts predict Tritium DCFC Limited (DCFC) will achieve an average price target of $4.75.
