Sunday, June 26, 2022

A Guide To The Risks Of Investing In Electric Last Mile Solutions Inc. (ELMS)

Jefferies downgraded its Electric Last Mile Solutions Inc. [ELMS] rating to a Hold from a a Buy in a research note published on Tuesday, February 03, 2022; the price target was decreased to $2.50 from $18. PT values the company’s stock at a premium of 88.4 to its Tuesday closing price. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in early February from “an Outperform” to “a Neutral”. DA Davidson also remained covering ELMS and has decreased its forecast on February 02, 2022 with a “Neutral” recommendation from previously “Buy” rating. Cowen revised its rating on February 02, 2022. It rated ELMS as “a Market perform” which previously was an “an Outperform”.


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Price Performance Review of ELMS

On Tuesday, Electric Last Mile Solutions Inc. [NASDAQ:ELMS] saw its stock fall -20.63% to $0.29. On the same session, the stock had its day’s lowest price of $0.2626, but rose to a high of $0.41. Over the last five days, the stock has gained 47.88%. Electric Last Mile Solutions Inc. shares have fallen nearly -95.88% since the year began. Nevertheless, the stocks have fallen -97.10% over the past one year. While a 52-week high of $12.00 was reached on 01/03/22, a 52-week low of $0.12 was recorded on 06/15/22. SMA at 50 days reached $0.7543, while 200 days put it at $4.4006. A total of 12.85 million shares were traded, compared to the trading of 168.76 million shares in the previous session.

Levels Of Support And Resistance For ELMS Stock

The 24-hour chart illustrates a support level at 0.2315, which if violated will result in even more drops to 0.1734. On the upside, there is a resistance level at 0.3789. A further resistance level may holdings at 0.4682. The Relative Strength Index (RSI) on the 14-day chart is 35.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1029, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.60%. Stochastics %K at 37.47% indicates the stock is a holding.

Electric Last Mile Solutions Inc. [ELMS] – Who Are The Largest Shareholders?

In filings from Partners Capital Investment Group, it is revealed that the company now owns 2,463,518 shares, or roughly 1.99% of the outstanding ELMS shares. In other words, the investor’s shares have fallen by 0 from its previous 13-F filing of 2463518.0. Additionally, The Vanguard Group, Inc. increased 17.76% of its stake after which the total value it holdings stand at $985,510, while Arosa Capital Management LP reduced 0.00% of its stake to hold $0.94 million in the firm. Over the last quarter, Marshall Wace LLP sold 0 shares of Electric Last Mile Solutions Inc., while BlackRock Fund Advisors sold 5,902 shares. At present, Jennison Associates LLC is holding 760,000 shares valued at $0.46 million. SSgA Funds Management, Inc. owned 740,646 shares of the company at the time of its most recent 13F filing, worth $0.45 million.

According to FactSet, Electric Last Mile Solutions Inc.’s share price will average $2.38 in the next year, based on opinions of analysts polled by the firm. This is up nearly 543.24 percent from its previous closing price of $0.37. Analysts expect Electric Last Mile Solutions Inc. stock to reach the higher price of $3.00, while the lowest price estimate is $1.75. However, 2 analysts have rated ELMS stock as a Hold in their predictions for 2022.

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