Lightning eMotors Inc. [NYSE: ZEV] slipped around -0.22 points on Monday, while shares priced at $0.34 at the close of the session, down -38.93%. The company report on March 13, 2023 that Lightning eMotors Reports Financial Results for Fourth Quarter and Full Year 2022.
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Produced a record 128 units during the quarter, up from 104 in the prior quarter.
Sales of 31 zero-emission vehicles and powertrains were limited by supplier quality issues for certain batteries, and demand shifting to 2023 as a result of incentive timing.
Lightning eMotors Inc. stock is now -6.68% down from its year-to-date (YTD) trading value. ZEV Stock saw the intraday high of $0.50 and lowest of $0.34 per share. The company’s 52-week high price is 6.05, which means current price is +0.59% above from all time high which was touched on 02/02/23.
Compared to the average trading volume of 1.87M shares, ZEV reached a trading volume of 8634962 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Lightning eMotors Inc. [ZEV]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZEV shares is $4.02 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZEV 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.
Cantor Fitzgerald have made an estimate for Lightning eMotors Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 23, 2022. While these analysts kept the previous recommendation, Northland Capital raised their target price to Outperform. The new note on the price target was released on May 26, 2022, representing the official price target for Lightning eMotors Inc. stock. Previously, the target price had yet another raise to $17, while DA Davidson analysts kept a Buy rating on ZEV stock.
The Average True Range (ATR) for Lightning eMotors Inc. is set at 0.09, with the Price to Sales ratio for ZEV stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 1.07.
How has ZEV stock performed recently?
Lightning eMotors Inc. [ZEV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -45.28. With this latest performance, ZEV shares dropped by -46.39% in over the last four-week period, additionally sinking by -84.59% over the last 6 months – not to mention a drop of -93.88% 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 ZEV stock in for the last two-week period is set at 27.05, with the RSI for the last a single of trading hit 18.79, and the three-weeks RSI is set at 32.73 for Lightning eMotors Inc. [ZEV]. The present Moving Average for the last 50 days of trading for this stock 0.6572, while it was recorded at 0.5300 for the last single week of trading, and 1.8052 for the last 200 days.
Lightning eMotors Inc. [ZEV]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Lightning eMotors Inc. [ZEV] shares currently have an operating margin of -200.76 and a Gross Margin at -28.55. Lightning eMotors Inc.’s Net Margin is presently recorded at -480.04.
Return on Equity for this stock declined to -92.15, with Return on Assets sitting at -48.35.
Lightning eMotors Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.90 and a Current Ratio set at 6.40.
Insider trade positions for Lightning eMotors Inc. [ZEV]
There are presently around $5 million, or 19.60% of ZEV stock, in the hands of institutional investors. The top three institutional holders of ZEV stocks are: WOLVERINE ASSET MANAGEMENT LLC with ownership of 2,674,295, which is approximately New of the company’s market cap and around 4.40% of the total institutional ownership; VANGUARD GROUP INC, holding 2,123,697 shares of the stock with an approximate value of $0.73 million in ZEV stocks shares; and BLACKROCK INC., currently with $0.72 million in ZEV stock with ownership of nearly 3.446% of the company’s market capitalization.
Positions in Lightning eMotors Inc. stocks held by institutional investors increased at the end of Monday and at the time of the Monday reporting period, where 46 institutional holders increased their position in Lightning eMotors Inc. [NYSE:ZEV] by around 6,861,261 shares. Additionally, 35 investors decreased positions by around 5,649,560 shares, while 19 investors held positions by with 3,500,867 shares. The mentioned changes placed institutional holdings at 16,011,688 shares, according to the latest SEC report filing. ZEV stock had 15 new institutional investments in for a total of 3,934,212 shares, while 20 institutional investors sold positions of 1,587,441 shares during the same period.