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Lightning eMotors Inc. (ZEV) market price of $0.73 offers the impression of an exciting value play

Let’s start up with the current stock price of Lightning eMotors Inc. (ZEV), which is $0.73 to be very precise. The Stock rose vividly during the last session to $0.7301 after opening rate of $0.6141 while the lowest price it went was recorded $0.614 before closing at $0.61.Recently in News on January 11, 2023, Lightning eMotors and its CEO Tim Reeser Win 2023 BIG Innovation Awards. Lightning recognized by Business Innovation Group for accelerating the commercial electric vehicle industry forward. You can read further details here

Lightning eMotors Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $0.7799 on 01/13/23, with the lowest value was $0.3519 for the same time period, recorded on 01/04/23.

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Lightning eMotors Inc. (ZEV) full year performance was -85.74%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Lightning eMotors Inc. shares are logging -87.93% during the 52-week period from high price, and 151.15% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.29 and $6.05.

The company’s shares, operating in the sector of Industrials managed to top a trading volume set approximately around 2464442 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Lightning eMotors Inc. (ZEV) recorded performance in the market was 99.21%, having the revenues showcasing -47.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 54.41M, as it employees total of 205 workers.

Market experts do have their say about Lightning eMotors Inc. (ZEV)

During the last month, 3 analysts gave the Lightning eMotors Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.1715, with a change in the price was noted -1.90. In a similar fashion, Lightning eMotors Inc. posted a movement of -72.24% for the period of last 100 days, recording 1,362,635 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ZEV is recording 1.33 at the time of this writing. In addition, long term Debt to Equity ratio is set at 1.33.

Technical breakdown of Lightning eMotors Inc. (ZEV)

Raw Stochastic average of Lightning eMotors Inc. in the period of last 50 days is set at 38.57%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 89.82%. In the last 20 days, the company’s Stochastic %K was 77.90% and its Stochastic %D was recorded 80.03%.

Bearing in mind the latest performance of Lightning eMotors Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 99.21%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -79.89%, alongside a downfall of -85.74% for the period of the last 12 months. The shares increased approximately by 21.68% in the 7-day charts and went down by 61.67% in the period of the last 30 days. Common stock shares were lifted by -47.47% during last recorded quarter.

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