ROTH Capital lifts Tritium DCFC Limited [DCFC] price estimate. Who else is bullish?

Tritium DCFC Limited [NASDAQ: DCFC] gained 3.11% on the last trading session, reaching $1.66 price per share at the time. The company report on March 9, 2023 that Tritium Reports Record Sales, Revenue, and Backlog for 2022 Calendar Year.

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Tritium Charger.

Tritium DCFC Limited represents 135.38 million in outstanding shares, while the company has a total market value of $259.59 million with the latest information. DCFC stock price has been found in the range of $1.61 to $1.82.

If compared to the average trading volume of 3.10M shares, DCFC reached a trading volume of 2796296 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 $7.75 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 3.03.

Trading performance analysis for DCFC stock

Tritium DCFC Limited [DCFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.14. With this latest performance, DCFC shares gained by 16.08% in over the last four-week period, additionally sinking by -75.94% over the last 6 months – not to mention a drop of -76.65% 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 49.71, with the RSI for the last a single of trading hit 46.78, and the three-weeks RSI is set at 50.32 for Tritium DCFC Limited [DCFC]. The present Moving Average for the last 50 days of trading for this stock 1.5730, while it was recorded at 1.6400 for the last single week of trading, and 3.9475 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 $71 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 15,669,344, which is approximately -27.457% of the company’s market cap and around 37.90% of the total institutional ownership; RIVERSTONE HOLDINGS LLC, holding 11,749,582 shares of the stock with an approximate value of $19.5 million in DCFC stocks shares; and INVESCO LTD., currently with $12.74 million in DCFC stock with ownership of nearly 118.574% of the company’s market capitalization.

27 institutional holders increased their position in Tritium DCFC Limited [NASDAQ:DCFC] by around 7,370,199 shares. Additionally, 28 investors decreased positions by around 12,425,369 shares, while 8 investors held positions by with 22,893,636 shares. The mentioned changes placed institutional holdings at 42,689,204 shares, according to the latest SEC report filing. DCFC stock had 13 new institutional investments in for a total of 1,679,089 shares, while 14 institutional investors sold positions of 1,447,575 shares during the same period.


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