Tritium DCFC Limited [DCFC] fell -83.95% so far this year. What now?

Tritium DCFC Limited [NASDAQ: DCFC] gained 19.40% or 0.26 points to close at $1.60 with a heavy trading volume of 5257704 shares. The company report on November 29, 2022 that Cary Segall to Join Tritium as Vice President of Investor Relations.

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Mr. Segall will bring deep investor relations and capital-raising experience to drive engagement with Tritium shareholders.

It opened the trading session at $1.43, the shares rose to $1.68 and dropped to $1.40, the range by which the price of stock traded the whole day. The daily chart for DCFC points out that the company has recorded -76.71% loss over the past six months. However, it is still -55.34% lower than its most recent low trading price.

If we look at the average trading volume of 980.54K shares, DCFC reached to a volume of 5257704 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Tritium DCFC Limited [DCFC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DCFC shares is $9.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DCFC stock is a recommendation set at 2.20. 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.

ROTH Capital have made an estimate for Tritium DCFC Limited shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 23, 2022. While these analysts kept the previous recommendation, Credit Suisse raised their target price to Neutral. The new note on the price target was released on September 07, 2022, representing the official price target for Tritium DCFC Limited stock. Previously, the target price had yet another raise to $12, while B. Riley Securities analysts kept a Buy rating on DCFC stock.

The Average True Range (ATR) for Tritium DCFC Limited is set at 0.16, with the Price to Sales ratio for DCFC stock in the period of the last 12 months amounting to 2.77.

Trading performance analysis for DCFC stock

Tritium DCFC Limited [DCFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.21. With this latest performance, DCFC shares dropped by -3.03% in over the last four-week period, additionally sinking by -76.71% over the last 6 months – not to mention a drop of -83.92% 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 DCFC stock in for the last two-week period is set at 54.09, with the RSI for the last a single of trading hit 63.85, and the three-weeks RSI is set at 46.78 for Tritium DCFC Limited [DCFC]. The present Moving Average for the last 50 days of trading for this stock 1.7212, while it was recorded at 1.3460 for the last single week of trading, and 5.7739 for the last 200 days.

Tritium DCFC Limited [DCFC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Tritium DCFC Limited [DCFC] shares currently have an operating margin of -103.35 and a Gross Margin at -2.24. Tritium DCFC Limited’s Net Margin is presently recorded at -148.64.

Tritium DCFC Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 1.30.

An analysis of insider ownership at Tritium DCFC Limited [DCFC]

There are presently around $76 million, or 32.40% of DCFC stock, in the hands of institutional investors. The top three institutional holders of DCFC stocks are: VARLEY HOLDINGS PTY LTD with ownership of 21,599,977, which is approximately -2.323% of the company’s market cap and around 49.54% of the total institutional ownership; RIVERSTONE HOLDINGS LLC, holding 15,564,378 shares of the stock with an approximate value of $24.9 million in DCFC stocks shares; and INVESCO LTD., currently with $5.62 million in DCFC stock with ownership of nearly 49.845% of the company’s market capitalization.

Positions in Tritium DCFC Limited stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 31 institutional holders increased their position in Tritium DCFC Limited [NASDAQ:DCFC] by around 3,959,756 shares. Additionally, 15 investors decreased positions by around 969,150 shares, while 9 investors held positions by with 42,815,468 shares. The mentioned changes placed institutional holdings at 47,744,374 shares, according to the latest SEC report filing. DCFC stock had 11 new institutional investments in for a total of 1,463,442 shares, while 5 institutional investors sold positions of 74,207 shares during the same period.


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