Brokers Set Expectations for Tritium DCFC Limited’s Q2 2022 Earnings (NASDAQ:DCFC)
Tritium DCFC Limited (NASDAQ:DCFC – Get Rating) – Investment analysts at Capital One Financial upped their Q2 2022 earnings per share estimates for shares of Tritium DCFC in a research note issued to investors on Wednesday, May 25th. Capital One Financial analyst R. Tullis now anticipates that the company will earn ($0.01) per share for the quarter, up from their previous estimate of ($0.09). Capital One Financial has a “Overweight” rating and a $14.00 price target on the stock.
A number of other research firms have also recently issued reports on DCFC. Zacks Investment Research cut Tritium DCFC from a “buy” rating to a “hold” rating in a report on Tuesday, March 8th. Raymond James increased their target price on Tritium DCFC from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Tuesday, April 5th.
DCFC opened at $8.53 on Friday. Tritium DCFC has a 12 month low of $6.42 and a 12 month high of $19.75. The company has a fifty day moving average price of $8.86.
A number of large investors have recently modified their holdings of the stock. Invesco Ltd. bought a new position in Tritium DCFC in the 1st quarter valued at about $24,370,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Tritium DCFC in the 1st quarter valued at about $2,668,000. Raymond James & Associates bought a new position in Tritium DCFC in the 1st quarter valued at about $524,000. Prelude Capital Management LLC bought a new position in Tritium DCFC in the 1st quarter valued at about $398,000. Finally, Goldman Sachs Group Inc. bought a new position in Tritium DCFC in the 1st quarter valued at about $382,000. Institutional investors and hedge funds own 48.45% of the company’s stock.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.
Take your trading to the next level with the Options Strategy Guide.
Tritium DCFC Company Profile (Get Rating)
Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, Australia, and the Netherlands. The company provides approximately 3.6 million high-power charging sessions. It also provides CAN ethernet bridge products. The company serves to retail and hospitality, workplaces, and dealerships.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Tritium DCFC right now?
Before you consider Tritium DCFC, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Tritium DCFC wasn’t on the list.
While Tritium DCFC currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
