Lightning eMotors Inc. (NYSE:ZEV) has seen 2.57 million shares traded in the last trading session. The company, currently valued at $58.72M, closed the last trade at $0.79 per share which meant it gained $0.06 on the day or 7.93% during that session. The ZEV stock price is -665.82% off its 52-week high price of $6.05 and 63.29% above the 52-week low of $0.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.58 million shares traded. The 3-month trading volume is 1.75 million shares.
The consensus among analysts is that Lightning eMotors Inc. (ZEV) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 4 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.3.
Lightning eMotors Inc. (NYSE:ZEV) trade information
Sporting 7.93% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the ZEV stock price touched $0.79 or saw a rise of 1.25%. Year-to-date, Lightning eMotors Inc. shares have moved 115.01%, while the 5-day performance has seen it change 10.21%. Over the past 30 days, the shares of Lightning eMotors Inc. (NYSE:ZEV) have changed 84.24%. Short interest in the company has seen 9.1 million shares shorted with days to cover at 12.08.
Wall Street analysts have a consensus price target for the stock at $3.02, which means that the shares’ value could jump 73.84% from current levels. The projected low price target is $0.60 while the price target rests at a high of $6.00. In that case, then, we find that the current price level is -659.49% off the targeted high while a plunge would see the stock lose 24.05% from current levels.
Lightning eMotors Inc. (ZEV) estimates and forecasts
Figures show that Lightning eMotors Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -77.29% over the past 6 months, with this year growth rate of 92.05%, compared to 11.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2023 fiscal year revenue. Growth estimates for the current quarter are 55.20% and -221.40% for the next quarter. Revenue growth from the last financial year stood is estimated to be 81.80%.
4 analysts offering their estimates for the company have set an average revenue estimate of $8.82 million for the current quarter. 5 have an estimated revenue figure of $20.76 million for the next quarter concluding in Dec 2022. Year-ago sales stood $6.26 million and $4.22 million respectively for this quarter and the next, and analysts expect sales will grow by 41.00% for the current quarter and 391.80% for the next.
Lightning eMotors Inc. is expected to release its next earnings report between March 27 and March 31 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Lightning eMotors Inc. (NYSE:ZEV)’s Major holders
Insiders own 45.57% of the company shares, while shares held by institutions stand at 20.55% with a share float percentage of 37.76%. Investors are also buoyed by the number of investors in a company, with Lightning eMotors Inc. having a total of 114 institutions that hold shares in the company. The top two institutional holders are Invesco Ltd. with over 4.31 million shares worth more than $11.94 million. As of Jun 29, 2022, Invesco Ltd. held 5.70% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 2.07 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $5.74 million and represent 2.74% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 4.10% shares in the company for having 3.1 million shares of worth $4.81 million while later fund manager owns 1.42 million shares of worth $3.95 million as of Jun 29, 2022, which makes it owner of about 1.88% of company’s outstanding stock.