Tritium DCFC Limited [DCFC] Stock trading around $0.11 per share: What’s Next?

Tritium DCFC Limited [NASDAQ: DCFC] plunged by -$0.02 during the normal trading session on while it closed the day at $0.11. The company report on February 5, 2024 at 4:00 AM that Tritium Customers Win Largest Share of Round 1 Tennessee NEVI Program.

Nearly 50% of the state’s first round of NEVI funding was awarded to Tritium customers for installation of Tritium fast charging stations.

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Tritium DCFC Limited stock has also loss -5.83% of its value over the past 7 days. However, DCFC stock has declined by -39.44% in the 3 months of the year. Over the past six months meanwhile, it has lost -91.03% and lost -48.64% year-on date.

The market cap for DCFC stock reached $22.79 million, with 142.01 million shares outstanding and 140.92 million shares in the current float. Compared to the average trading volume of 2.07M shares, DCFC reached a trading volume of 68993243 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $6.50 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 2.00. 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.

The Average True Range (ATR) for Tritium DCFC Limited is set at 0.02, with the Price to Sales ratio for DCFC stock in the period of the last 12 months amounting to 0.12.

DCFC stock trade performance evaluation

Tritium DCFC Limited [DCFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.83. With this latest performance, DCFC shares dropped by -39.73% in over the last four-week period, additionally sinking by -91.03% over the last 6 months – not to mention a drop of -92.36% 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 29.79, with the RSI for the last a single of trading hit 28.03, and the three-weeks RSI is set at 32.04 for Tritium DCFC Limited [DCFC]. The present Moving Average for the last 50 days of trading for this stock 0.1773, while it was recorded at 0.1219 for the last single week of trading, and 0.6614 for the last 200 days.

Tritium DCFC Limited [DCFC]: An insightful look at the core fundamentals

Tritium DCFC Limited’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.32 and a Current Ratio set at 0.92.

Tritium DCFC Limited [DCFC]: Institutional Ownership

The top three institutional holders of DCFC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in DCFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in DCFC stock with ownership which is approximately 5.8325%.