In yesterday’s Wall Street session, Volta Inc. (NYSE:VLTA) shares traded at $0.57, down -3.34% from the previous session.
As of this writing, 7 analysts cover Volta Inc. (NYSE:VLTA). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $2.00 and a low of $0.50, we find $1.00. Given the previous closing price of $0.59, this indicates a potential upside of 69.49 percent. VLTA stock price is now -53.34% away from the 50-day moving average and -75.55% away from the 200-day moving average. The market capitalization of the company currently stands at $106.84M.
There are 5 analysts who have given it a hold rating, whereas 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.21 as their price target over the next twelve months.
On October 20, 2022, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $7 to quote $2, while ‘ROTH Capital’ rates the stock as ‘Neutral’.
Insiders disposed of 5,157,126 shares of company stock worth roughly $2.94 million over the past 1 year. A total of 2.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in VLTA stock. A new stake in Volta Inc. shares was purchased by YAUPON CAPITAL MANAGEMENT LP during the first quarter worth $171,000. BLACKSTONE INC. invested $44,000 in shares of VLTA during the first quarter. In the first quarter, DUPONT CAPITAL MANAGEMENT CORP acquired a new stake in Volta Inc. valued at approximately $34,000. BNP PARIBAS ARBITRAGE, SNC acquired a new stake in VLTA for approximately $33,000. SG AMERICAS SECURITIES, LLC purchased a new stake in VLTA valued at around $32,000 in the second quarter. In total, there are 162 active investors with 27.30% ownership of the company’s stock.
Wednesday morning saw Volta Inc. (NYSE: VLTA) opened at $0.5591. During the past 12 months, Volta Inc. has had a low of $0.56 and a high of $10.85. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 0.60, and a quick ratio of 0.50. The fifty day moving average price for VLTA is $1.1863 and a two-hundred day moving average price translates $2.3096 for the stock.
The latest earnings results from Volta Inc. (NYSE: VLTA) was released for Jun, 2022. According to the Specialty Retail Company, earnings per share came in at -$0.22, missing analysts’ expectations of -$0.21 by -0.01. This compares to -$0.94 EPS in the same period last year. The company reported revenue of $14.36 million for the quarter, compared to $8.49 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 69.1 percent. For the current quarter, analysts expect VLTA to generate $15.12M in revenue.
Volta Inc.(VLTA) Company Profile
Volta Inc. operates a network of smart media-enabled charging stations for electric vehicles in the United States. As of December 31, 2021, it had installed 2,264 chargers across 23 territories and states. Volta Inc. was founded in 2010 and is headquartered in San Francisco, California.