Volta Inc. [VLTA] Is Currently -6.49 below its 200 Period Moving Avg: What Does This Mean?

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Volta Inc. [NYSE: VLTA] stock went on a downward path that fall over -6.49% on Tuesday, amounting to a one-week price decrease of less than -15.29%. The company report on June 27, 2022 that Volta Inc. Appoints Yifan Tang as Chief Technology Officer.


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Visionary Innovator and EV Engineer to Advance Volta’s Technology Leadership and Global Charging Capabilities.

Volta Inc. (NYSE: VLTA) an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce, today announced that its Board of Directors has appointed Yifan Tang, an innovative engineering executive who has helped lead the development and commercialization of EV technologies, as Chief Technology Officer. Tang will report directly to Vince Cubbage, Interim Chief Executive Officer.

Over the last 12 months, VLTA stock dropped by -85.70%. The one-year Volta Inc. stock forecast points to a potential upside of 66.43. The average equity rating for VLTA stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $245.75 million, with 162.25 million shares outstanding and 112.95 million shares in the current float. Compared to the average trading volume of 4.00M shares, VLTA stock reached a trading volume of 4986459 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $4.29 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.

Cantor Fitzgerald have made an estimate for Volta Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 13, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $3 to $2. The new note on the price target was released on April 20, 2022, representing the official price target for Volta Inc. stock. Previously, the target price had yet another drop from $13 to $5, while DA Davidson kept a Neutral rating on VLTA stock. On March 28, 2022, analysts decreased their price target for VLTA shares from 10 to 3.

The Average True Range (ATR) for Volta Inc. is set at 0.19, with the Price to Sales ratio for VLTA stock in the period of the last 12 months amounting to 6.83. The Price to Book ratio for the last quarter was 0.93, with the Price to Cash per share for the same quarter was set at 1.20.

VLTA Stock Performance Analysis:

Volta Inc. [VLTA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.29. With this latest performance, VLTA shares dropped by -38.46% in over the last four-week period, additionally sinking by -80.59% over the last 6 months – not to mention a drop of -85.70% 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 33.49, with the RSI for the last a single of trading hit 29.05, and the three-weeks RSI is set at 35.87 for Volta Inc. [VLTA]. The present Moving Average for the last 50 days of trading for this stock 2.1028, while it was recorded at 1.6000 for the last single week of trading, and 5.8155 for the last 200 days.

Insight into Volta Inc. 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.

Volta Inc. [VLTA] Insider Position Details

There are presently around $55 million, or 21.60% 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 17.90% of the total institutional ownership; HANDELSBANKEN FONDER AB, holding 3,601,303 shares of the stock with an approximate value of $5.55 million in VLTA stocks shares; and PICTET ASSET MANAGEMENT SA, currently with $4.75 million in VLTA stock with ownership of nearly -46.984% of the company’s market capitalization.

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.

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