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Lightning eMotors Inc. (NYSE: ZEV) Gain Of 6.45% Compared To 52-Week Low; YTD Fall -16.23% – What Should You Do Now?

Lightning eMotors Inc. (NYSE:ZEV)’s traded shares stood at 3.17 million during the last session. At the close of trading, the stock’s price was $0.31, to imply a decrease of -4.06% or -$0.01 in intraday trading. The ZEV share’s 52-week high remains $6.05, putting it -1851.61% down since that peak but still an impressive 6.45% since price per share fell to its 52-week low of $0.29. The company has a valuation of $27.46M, with an average of 2.49 million shares in intraday trading volume over the past 10 days and average of 2.10 million shares over the past 3 months.

Lightning eMotors Inc. (NYSE:ZEV) trade information

After registering a -4.06% downside in the last session, Lightning eMotors Inc. (ZEV) has traded red over the past five days. The stock hit a weekly high of 0.6100 this Wednesday, 03/15/23, dropping -4.06% in its intraday price action. The 5-day price performance for the stock is -46.72%, and -53.70% over 30 days. With these gigs, the year-to-date price performance is -16.23%. Short interest in Lightning eMotors Inc. (NYSE:ZEV) saw shorts transact 7.75 million shares and set a 3.39 days time to cover.

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Lightning eMotors Inc. (ZEV) estimates and forecasts

Looking at statistics comparing Lightning eMotors Inc. share performance against respective industry, we note that the company has underperformed competitors. Lightning eMotors Inc. (ZEV) shares are -84.95% down over the last 6 months, with its year-to-date growth rate lower than industry average at -781.25% against 6.80%. Revenue is forecast to shrink -196.40% this quarter before falling -114.30% for the next one. The rating firms project that company’s revenue will grow 44.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $10.21 million. Meanwhile, for the quarter ending Mar 2023, a total of 3 analyst(s) estimate revenue growth to $18.22 million.Earnings reports from the last fiscal year show that sales brought in $4.22 million and $5.41 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 141.90% before jumping 236.70% in the following quarter.

ZEV Dividends

Lightning eMotors Inc. has its next earnings report out between March 27 and March 31. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Lightning eMotors Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Lightning eMotors Inc. (NYSE:ZEV)’s Major holders

Lightning eMotors Inc. insiders hold 36.86% of total outstanding shares, with institutional holders owning 19.64% of the shares at 31.10% float percentage. In total, 19.64% institutions holds shares in the company, led by Invesco Ltd. As of Sep 29, 2022, the company held over 3.12 million shares (or 3.47% of shares), all amounting to roughly $4.83 million.

The next major institution holding the largest number of shares is Wolverine Asset Management, LLC with 2.67 million shares, or about 2.98% of shares outstanding. As of the market price on Dec 30, 2022, these shares were worth $0.98 million.

We also have Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Lightning eMotors Inc. (ZEV) shares. Going by data provided on Sep 29, 2022, Vanguard Total Stock Market Index Fund holds roughly 1.49 million shares. This is just over 1.65% of the total shares, with a market valuation of $2.3 million. Data from the same date shows that the other fund manager holds a little less at 0.81 million, or 0.90% of the shares, all valued at about 0.3 million.

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