Tritium DCFC Limited (NASDAQ:DCFC – Get Rating) – Equities researchers at B. Riley dropped their FY2023 earnings per share estimates for Tritium DCFC in a research note issued on Tuesday, January 24th. B. Riley analyst C. Souther now forecasts that the company will post earnings per share of ($0.61) for the year, down from their previous estimate of ($0.49). B. Riley currently has a "Buy" rating and a $6.00 price target on the stock. The consensus estimate for Tritium DCFC's current full-year earnings is ($0.55) per share. B. Riley also issued estimates for Tritium DCFC's FY2024 earnings at ($0.32) EPS.
Get Tritium DCFC alerts:Several other equities research analysts have also recently commented on DCFC. Credit Suisse Group cut their price target on Tritium DCFC from $8.00 to $3.00 and set a "neutral" rating for the company in a report on Friday, January 13th. Roth Capital cut their price target on Tritium DCFC from $4.00 to $2.00 in a report on Tuesday, January 17th. Finally, Raymond James cut their price target on Tritium DCFC from $7.00 to $4.00 and set an "outperform" rating for the company in a report on Wednesday, January 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Tritium DCFC has an average rating of "Moderate Buy" and an average target price of $6.83.
Tritium DCFC Stock Up 6.1 %
NASDAQ:DCFC opened at $1.39 on Friday. Tritium DCFC has a one year low of $1.03 and a one year high of $19.75. The stock has a 50 day moving average price of $1.46 and a 200 day moving average price of $3.64.Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. purchased a new position in shares of Tritium DCFC during the first quarter worth $30,000. Toroso Investments LLC purchased a new position in shares of Tritium DCFC during the third quarter worth $32,000. Wolverine Asset Management LLC boosted its position in shares of Tritium DCFC by 169.2% during the third quarter. Wolverine Asset Management LLC now owns 10,141 shares of the company's stock worth $32,000 after buying an additional 6,374 shares during the period. Prentice Wealth Management LLC purchased a new position in shares of Tritium DCFC during the fourth quarter worth $45,000. Finally, Penserra Capital Management LLC purchased a new position in shares of Tritium DCFC during the first quarter worth $89,000. 21.56% of the stock is currently owned by hedge funds and other institutional investors.
Tritium DCFC Company Profile
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Tritium DCFC Limited designs, manufactures, and supplies direct current chargers for electric vehicles in the United States, North America, Europe, and the Asia Pacific. The company's charging station hardware portfolio includes various standalone chargers, such as 50, 75, 150, 175, and 350-kilowatt chargers.
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