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Tritium DCFC Limited (NASDAQ: DCFC) 15.85% Incline Turns Investors Away

Tritium DCFC Limited (NASDAQ:DCFC) price closed higher on Monday, February 12, jumping 15.85% above its previous close.

A look at the daily price movement shows that the last close reads $0.12. The company’s 5Y monthly beta was ticking 1.16. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.18 and 52-week low of $0.09. The stock subtracted -16.08% on its value in the past month.

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Tritium DCFC Limited, which has a market valuation of $28.74 million. In this case, analysts estimate an annual EPS growth of 42.30% for the year and 100.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $359.96 million, with the likely lows of $224.89 million and highs of $505 million. The average estimate suggests sales growth for the quarter will likely rise by 95.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $359.96 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 95.10% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DCFC a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that DCFC’s price is at present 10.85% off the SMA20 and -16.56% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.73, with weekly volatility standing at 20.32%. The indicator jumps to 15.10% when calculated based on the past 30 days. Tritium DCFC Limited (NASDAQ:DCFC)’s beta value is holding at 1.19, while the average true range (ATR) indicator is currently reading 0.02.

An analysis of the Tritium DCFC Limited (NASDAQ:DCFC) stock in terms of its daily trading volume indicates that the 3-month average is 2.25. However, this figure increases on the past 10-day timeline to an average of 11.84 million.

Current records show that the company has 142.01M in outstanding shares. The insiders’ percentage holdings are 30.13% of outstanding shares while the percentage share held by institutions stands at 2.79%. The stats also highlight that short interest as of Jan 31, 2024, stood at 4.01 million shares, which puts the short ratio at the time at 2.04. From this we can glean that short interest is 2.37% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 2.88 million. But the -35.23% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.