Now Is The Time To Build A Position In Tritium DCFC Limited (NASDAQ:DCFC)

Tritium DCFC Limited (NASDAQ:DCFC)’s traded shares stood at 6.37 million during the last session, with the company’s beta value hitting 1.13. At the close of trading, the stock’s price was $0.05, to imply a decrease of -4.46% or -$0.01 in intraday trading. The DCFC share’s 52-week high remains $1.52, putting it -2940.0% down since that peak but still an impressive 0.0% since price per share fell to its 52-week low of $0.05. The company has a valuation of $10.79M, with an average of 3.4 million shares in intraday trading volume over the past 10 days and average of 4.39 million shares over the past 3 months.

Tritium DCFC Limited (NASDAQ:DCFC) trade information

After registering a -4.46% downside in the last session, Tritium DCFC Limited (DCFC) has traded red over the past five days. The stock hit a weekly high of 0.0690, dropping -4.46% in its intraday price action. The 5-day price performance for the stock is -21.44%, and -62.59% over 30 days. With these gigs, the year-to-date price performance is -75.68%. Short interest in Tritium DCFC Limited (NASDAQ:DCFC) saw shorts transact 1.82 million shares and set a 0.51 days time to cover.

Tritium DCFC Limited (DCFC) estimates and forecasts

The rating firms project that company’s revenue will grow 173.60% compared to the previous financial year.

Revenue forecast for the current quarter as set by 1 analysts is $505 million. Meanwhile, for the quarter ending Sep 2023, a total of 1 analyst(s) estimate revenue growth to $53.9 million.

DCFC Dividends

Tritium DCFC Limited has its next earnings report out in April. 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. Tritium DCFC Limited 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%.

Tritium DCFC Limited (NASDAQ:DCFC)’s Major holders

Tritium DCFC Limited insiders hold 27.44% of total outstanding shares, with institutional holders owning 10.39% of the shares at 14.32% float percentage. In total, 10.39% institutions holds shares in the company, led by Varley Holdings Pty Ltd. As of Dec 30, 2022, the company held over 15.67 million shares (or 9.79% of shares), all amounting to roughly $26.32 million.

The next major institution holding the largest number of shares is Riverstone Holdings Llc with 7.54 million shares, or about 4.71% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $8.22 million.

We also have Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and Fidelity NASDAQ Composite Index Fund as the top two Mutual Funds with the largest holdings of the Tritium DCFC Limited (DCFC) shares. Going by data provided on Aug 30, 2023, Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF holds roughly 2.92 million shares. This is just over 1.83% of the total shares, with a market valuation of $2.77 million. Data from the same date shows that the other fund manager holds a little less at 0.1 million, or 0.06% of the shares, all valued at about 0.12 million.