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Wednesday, February 8, 2023

This Is Too Hot For Proterra Inc. (NASDAQ: PTRA), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Proterra Inc. (PTRA) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $4.70. The Proterra Inc. has recorded 42,301 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that First Proterra Powered commercial EV battery produced at new Powered 1 battery factory.

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Stocks Info

As a NASDAQ listed company, PTRA falls under the Consumer Cyclical sector while operating within the Auto Manufacturers industry segment. At the end of the last regular session, the stock closed at $4.70 and fluctuated between $4.7100 as its day high and $4.2200 as its day low. The current market capitalization of Proterra Inc. is $1.03B. A total of 0.82 million shares were traded on the day, compared to an average of 1.21M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PTRA has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 52,446 and the disposition of 52,446 shares. Over the last 12 months, there were 18 BUYs and 6 SELLs from insiders. Insiders purchased 1,414,650 shares during that period but sold 71,891.

In the most recent transaction, Covington JoAnn sold 52,446 shares of PTRA for 7.51 per share on Nov 14. After the transaction, the Chief Legal Officer, Secy now owns 127,125 company shares. In a previous transaction on Sep 02, Covington JoAnn sold 3,492 shares at 6.09 per share. PTRA shares that Chief Legal Officer, Secy owns now total 127,125.

Among the insiders who sold shares, Joyce Gareth T disposed of 3,395 shares on Aug 26 at a per-share price of $6.25. This resulted in the CEO and President holding 377,806 shares of PTRA after the transaction. In another insider transaction, Bailey Christopher L sold 3,746 shares at $6.04 per share on May 26. Company shares held by the President, Powered & Energy now total 327,011.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PTRA in the last 3 months, the mean price target is $7.42 with high estimates of $10.00 and low estimates of $5.00. In terms of 52-week highs and lows, PTRA has a high of $10.90 and a low of $3.47.

As of this writing, PTRA has an earnings estimate of -$0.21 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.19 per share and a lower estimate of -$0.26. The company reported an EPS of -$0.23 in the last quarter, which was -35.30% lower than expectations of -$0.17.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 7 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PTRA is Overweight with a score of 4.00. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 2 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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