Adomani Inc (NASDAQ:ADOM) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company. Adomani’s rating score has declined by 100% from 90 days ago as a result of a number of analysts’ ratings changes.
Brokers have set a 1 year consensus target price of $1.68 for the company and are predicting that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Adomani an industry rank of 106 out of 256 based on the ratings given to related companies.
Several brokerages have recently commented on ADOM. Zacks Investment Research lowered Adomani from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Adomani in a report on Thursday, February 21st. Finally, Roth Capital reissued a “neutral” rating on shares of Adomani in a report on Friday, May 3rd.
Shares of NASDAQ ADOM opened at $0.35 on Monday. Adomani has a 12 month low of $0.16 and a 12 month high of $1.75. The stock has a market cap of $25.64 million, a PE ratio of -2.35 and a beta of 1.73.
Adomani (NASDAQ:ADOM) last issued its quarterly earnings data on Tuesday, February 19th. The company reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Adomani had a negative return on equity of 104.32% and a negative net margin of 169.52%. The company had revenue of $1.18 million during the quarter, compared to analyst estimates of $3.36 million. As a group, research analysts forecast that Adomani will post -0.09 EPS for the current fiscal year.
An institutional investor recently bought a new position in Adomani stock. MYDA Advisors LLC bought a new position in Adomani Inc (NASDAQ:ADOM) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 150,000 shares of the company’s stock, valued at approximately $59,000. MYDA Advisors LLC owned approximately 0.21% of Adomani at the end of the most recent reporting period. Institutional investors and hedge funds own 2.56% of the company’s stock.
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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