Electric Last Mile Solutions Inc. (NASDAQ: ELMS) Fell -294.74%, Predicting What To Expect In The Near Future – Marketing Sentinel
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Electric Last Mile Solutions Inc. (NASDAQ: ELMS) Fell -294.74%, Predicting What To Expect In The Near Future

During the last session, Electric Last Mile Solutions Inc. (NASDAQ:ELMS)’s traded shares were 0.31 million. At the end of the trading day, the stock’s price was $0.76, reflecting an intraday gain of 4.12% or $0.03. The 52-week high for the ELMS share is $12.00, that puts it down -1478.95 from that peak though still a striking 21.05% gain since the share price plummeted to a 52-week low of $0.60. The company’s market capitalization is $100.86M, and the average intraday trading volume over the past 10 days was 0.38 million shares, and the average trade volume was 805.65K shares over the past three months.

Electric Last Mile Solutions Inc. (ELMS) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 1.40. ELMS has a Sell rating from 0 analyst(s) out of 3 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.27.

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Electric Last Mile Solutions Inc. (NASDAQ:ELMS) trade information

Electric Last Mile Solutions Inc. (ELMS) registered a 4.12% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.12% in intraday trading to $0.76 this Friday, 05/13/22, hitting a weekly high. The stock’s 5-day price performance is -5.74%, and it has moved by -34.74% in 30 days. Based on these gigs, the overall price performance for the year is -92.28%. The short interest in Electric Last Mile Solutions Inc. (NASDAQ:ELMS) is 2.66 million shares and it means that shorts have 5.79 day(s) to cover.

The consensus price target of analysts on Wall Street is $2.08, which implies an increase of 63.46% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.50 and $3.00 respectively. As a result, ELMS is trading at a discount of -294.74% off the target high and -97.37% off the low.

ELMS Dividends

Electric Last Mile Solutions Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Electric Last Mile Solutions Inc. (NASDAQ:ELMS)’s Major holders

Electric Last Mile Solutions Inc. insiders own 54.19% of total outstanding shares while institutional holders control 15.33%, with the float percentage being 33.47%. Bnp Paribas Asset Management Holding S.a. is the largest shareholder of the company, while 62 institutions own stock in it. As of Sep 29, 2021, the company held over 2.92 million shares (or 2.36% of all shares), a total value of $21.59 million in shares.

The next largest institutional holding, with 2.46 million shares, is of Partners Capital Investment Group, LLP’s that is approximately 1.99% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $18.21 million.

Also, the Mutual Funds coming in first place with the largest holdings of Electric Last Mile Solutions Inc. (ELMS) shares are Vanguard Total Stock Market Index Fund and PGIM Jennison Small Company Fd. Data provided on Sep 29, 2021 indicates that Vanguard Total Stock Market Index Fund owns about 0.78 million shares. This amounts to just over 0.63 percent of the company’s overall shares, with a $5.74 million market value. The same data shows that the other fund manager holds slightly less at 0.76 million, or about 0.61% of the stock, which is worth about $6.74 million.

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