Roth Capital assumed coverage on shares of Adomani (NASDAQ:ADOM) in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $2.00 price target on the stock.
Other equities analysts have also issued reports about the company. HC Wainwright set a $3.00 target price on Adomani and gave the company a buy rating in a report on Friday, October 26th. Zacks Investment Research raised Adomani from a hold rating to a buy rating and set a $0.50 price objective for the company in a report on Wednesday.
Shares of NASDAQ:ADOM traded up $0.03 during trading on Thursday, hitting $0.45. 215,087 shares of the company traded hands, compared to its average volume of 851,837. The firm has a market capitalization of $29.82 million, a PE ratio of -1.37 and a beta of -0.98. Adomani has a one year low of $0.35 and a one year high of $6.73.
Adomani (NASDAQ:ADOM) last posted its earnings results on Wednesday, October 24th. The company reported ($0.02) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.02). The company had revenue of $2.62 million during the quarter, compared to analyst estimates of $2.11 million. Adomani had a negative return on equity of 126.89% and a negative net margin of 235.98%. On average, sell-side analysts forecast that Adomani will post -0.15 EPS for the current fiscal year.
An institutional investor recently bought a new position in Adomani stock. Atwood & Palmer Inc. acquired a new position in Adomani Inc (NASDAQ:ADOM) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 463,630 shares of the company’s stock, valued at approximately $505,000. Atwood & Palmer Inc. owned approximately 0.65% of Adomani at the end of the most recent reporting period. 2.19% of the stock is currently owned by institutional investors and hedge funds.
Adomani Company Profile
ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.
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