The trading price of Proterra Inc. (NASDAQ:PTRA) closed higher on Friday, August 06, closing at $10.96, 2.43% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $10.41 and $11.205. In examining the 52-week price action we see that the stock hit a 52-week high of $31.06 and a 52-week low of $9.70. Over the past month, the stock has lost -33.17% in value.
Proterra Inc., whose market valuation is $2.22 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Proterra Inc. No upward and no downward comments were posted in the last 7 days.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PTRA a recommendation rating is 2. Out of them, 1 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Proterra Inc. (PTRA) as Underweight, while 0 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that PTRA’s price is currently -6.57% off the SMA20 and -28.31% off the SMA50. The RSI metric on the 14-day chart is currently showing 34.41, and weekly volatility stands at 5.03%. When measured over the past 30 days, the indicator reaches 6.46%. Proterra Inc. (NASDAQ:PTRA)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.72. With analysts defining $16.00-$23.00 as the low and high price targets, we arrive at a consensus price target of $19.50 for the trailing 12-month period. The current price is about -45.99% off the estimated low and -109.85% off the forecast high, based on this estimate. Investors will be thrilled if PTRA’s share price rises to $19.50, which is the median consensus price. At that level, PTRA’s share price would be -77.92% below current price.
To see how Proterra Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: PTRA stock’s performance was 2.43% in the latest trading. Proterra Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.41% on the day.
An evaluation of the daily trading volume of Proterra Inc. (NASDAQ:PTRA) indicates that the 3-month average is 1.49 million.
Currently, records show that 34.69 million of the company’s shares remain outstanding. The insiders hold 0.20% of outstanding shares, whereas institutions hold 21.90%. However, since the stock’s price has seen -1.08% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.