Tritium DCFC Limited (NASDAQ:DCFC) finished Friday with a subtraction of -$0.01 to close at $0.30, a downside of -1.72 percent. An average of 5,676,860 shares of common stock have been traded in the last five days. There was a fall of -$0.1006 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,978,515 shares traded, while the 50-day average volume stands at 1,907,020.
DCFC stock has decreased by -69.66% in the last month. The company shares reached their 1-month lowest point of $0.2800 on 09/25/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $0.28 and a high of $4.01 in 52 weeks. It has reached a new high 2 times so far this year and lost -81.98% or -$1.3772 in price. In spite of this, the price is down -92.45% from the 52-week high.
Valuation Metrics
Tritium DCFC Limited (DCFC) stock’s beta is 1.14. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.26.
Financial Health
The quick ratio of Tritium DCFC Limited for the recent quarter was 0.32, and the current ratio was 0.92, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at -$4.08 million compared to revenue of $184.54 million.
Earnings Surprise
For the recent quarter, Tritium DCFC Limited had $16.47 million in total debt. The company posted a net income of -$121.37 million in the quarter, while revenues were grew 100.0%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Tritium DCFC Limited (DCFC) price momentum. RSI 9-day as of the close on 29 September was 6.71%, suggesting the stock is oversold, with historical volatility in this time frame at 41.56%.
As of today, DCFC’s price is $0.3066 -24.94% or -$0.1006 from its 5-day moving average. DCFC is currently trading -68.04% lower than its 20-day SMA and -68.78% lower than its 100-day SMA. However, the stock’s current price level is -72.47% below the SMA50 and -76.71% below the SMA200.
The stochastic %K and %D were 4.44% and 4.38%, respectively, and the average true range (ATR) was 0.0776. With the 14-day stochastic at 4.51% and the average true range at 0.0787, the RSI (14) stands at 12.11%. The stock has reached -0.0926 on the 9-day MACD Oscillator while the 14-day reading was at -0.1930.
Analyst Ratings
ROTH Capital downgraded Tritium DCFC Limited (NASDAQ: DCFC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Tritium DCFC Limited (DCFC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell DCFC, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is DCFC’s price target for the next 12 months?
Analysts predict a range of price targets between $0.40 and $6.00, with a median target of $3.00. Taking a look at these predictions, the average price target given by analysts for Tritium DCFC Limited (DCFC) stock is $3.10.
