Sunday, June 26, 2022

Investing in Volta Inc. (VLTA): What You Must Know

Cantor Fitzgerald downgraded its Volta Inc. [VLTA] rating to a Neutral from a an Overweight in a research note published on Tuesday, June 13, 2022; the price target was decreased to $4 from $6. PT values the company’s stock at a premium of 57.5 to its Tuesday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid April from “a Neutral” to “a Sell”. DA Davidson also remained covering VLTA and has decreased its forecast on March 28, 2022 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on March 28, 2022. It rated VLTA as “a Hold” which previously was an “a Buy”.


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Price Performance Review of VLTA

On Tuesday, Volta Inc. [NYSE:VLTA] saw its stock jump 3.03% to $1.70. On the same session, the stock had its day’s lowest price of $1.62, but rose to a high of $1.835. Over the last five days, the stock has gained 3.03%. Volta Inc. shares have fallen nearly -76.84% since the year began. Nevertheless, the stocks have fallen -83.02% over the past one year. While a 52-week high of $14.34 was reached on 01/03/22, a 52-week low of $1.44 was recorded on 06/16/22. SMA at 50 days reached $2.2294, while 200 days put it at $6.0199. A total of 5.71 million shares were traded, compared to the trading of 2.24 million shares in the previous session.

Levels Of Support And Resistance For VLTA Stock

The 24-hour chart illustrates a support level at 1.6017, which if violated will result in even more drops to 1.5033. On the upside, there is a resistance level at 1.8167. A further resistance level may holdings at 1.9333. The Relative Strength Index (RSI) on the 14-day chart is 38.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.4283, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.99%. Stochastics %K at 20.06% indicates the stock is a holding.

How much short interest is there in Volta Inc.?

A steep rise in short interest was recorded in Volta Inc. stocks on Apr 28, 2022, growing by 1.57 million shares to a total of 18.98 million shares. Yahoo Finance data shows the prior-month short interest on Mar 30, 2022 was 17.41 million shares. There was a rise of 8.27%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.17% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.44.

Volta Inc. [VLTA] – Who Are The Largest Shareholders?

At present, SSgA Funds Management, Inc. is holding 1,249,331 shares valued at $3.07 million. Millennium Management LLC owned 1,227,406 shares of the company at the time of its most recent 13F filing, worth $3.02 million.

The most recent change occurred on February 01, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.

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