For Volta Inc. [VLTA], Analyst sees a drop to $2. What next?


Volta Inc. [NYSE: VLTA] jumped around 0.33 points on Thursday, while shares priced at $2.56 at the close of the session, up 14.80%. The company report on May 13, 2022 that Volta Inc. Reports First Quarter Financial Results.

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First Quarter Revenue Increased 77% Year-Over-Year to $8.4 million.

Media (Behavior and Commerce) Revenue Increased 73% Year-over-Year to $6.1 million.

Volta Inc. stock is now -65.12% down from its year-to-date (YTD) trading value. VLTA Stock saw the intraday high of $2.57 and lowest of $2.20 per share. The company’s 52-week high price is 14.34, which means current price is +55.15% above from all time high which was touched on 01/03/22.

Compared to the average trading volume of 3.79M shares, VLTA reached a trading volume of 3271857 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Volta Inc. [VLTA]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VLTA shares is $4.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VLTA stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Volta Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on April 20, 2022. While these analysts kept the previous recommendation, DA Davidson raised their target price from $13 to $5. The new note on the price target was released on March 28, 2022, representing the official price target for Volta Inc. stock. Previously, the target price had yet another drop from $10 to $3, while Canaccord Genuity kept a Hold rating on VLTA stock.

The Average True Range (ATR) for Volta Inc. is set at 0.23, with the Price to Sales ratio for VLTA stock in the period of the last 12 months amounting to 11.29. The Price to Book ratio for the last quarter was 1.65, with the Price to Cash per share for the same quarter was set at 1.29.

How has VLTA stock performed recently?

Volta Inc. [VLTA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.43. With this latest performance, VLTA shares gained by 13.78% in over the last four-week period, additionally sinking by -72.62% over the last 6 months – not to mention a drop of -74.43% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VLTA stock in for the last two-week period is set at 55.22, with the RSI for the last a single of trading hit 60.76, and the three-weeks RSI is set at 50.44 for Volta Inc. [VLTA]. The present Moving Average for the last 50 days of trading for this stock 2.59, while it was recorded at 2.41 for the last single week of trading, and 6.46 for the last 200 days.

Volta Inc. [VLTA]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Volta Inc. [VLTA] shares currently have an operating margin of -824.20 and a Gross Margin at -10.98. Volta Inc.’s Net Margin is presently recorded at -856.04.

Return on Equity for this stock declined to -96.89, with Return on Assets sitting at -67.44.

Volta Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.50 and a Current Ratio set at 2.50.

Insider trade positions for Volta Inc. [VLTA]

There are presently around $79 million, or 21.70% of VLTA stock, in the hands of institutional investors. The top three institutional holders of VLTA stocks are: VANGUARD GROUP INC with ownership of 4,900,675, which is approximately 69.98% of the company’s market cap and around 19.30% of the total institutional ownership; HANDELSBANKEN FONDER AB, holding 3,601,303 shares of the stock with an approximate value of $8.03 million in VLTA stocks shares; and PICTET ASSET MANAGEMENT SA, currently with $6.88 million in VLTA stock with ownership of nearly -46.984% of the company’s market capitalization.

Positions in Volta Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 74 institutional holders increased their position in Volta Inc. [NYSE:VLTA] by around 15,324,304 shares. Additionally, 32 investors decreased positions by around 6,500,088 shares, while 17 investors held positions by with 13,761,216 shares. The mentioned changes placed institutional holdings at 35,585,608 shares, according to the latest SEC report filing. VLTA stock had 35 new institutional investments in for a total of 7,541,624 shares, while 14 institutional investors sold positions of 1,368,174 shares during the same period.