A Guide To The Risks Of Investing In Lightning eMotors Inc. (ZEV)

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ZOM Stock
ZOM Stock

Lightning eMotors Inc.’s filing revealed that its 10% Owner Rosella Holdings Ltd unloaded Company’s shares for reported $1.2 million on Sep 07. In the deal valued at $2.10 per share,570,563 shares were sold. As a result of this transaction, Rosella Holdings Ltd now holds 8,871,903 shares worth roughly $ 11.89 million.


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Then, Rosella Holdings Ltd sold 466,574 shares, generating $1,178,099 in total proceeds. Upon selling the shares at $2.52, the 10% Owner now owns 9,442,466 shares.

Before that, Rosella Holdings Ltd sold 1,169,921 shares. Lightning eMotors Inc. shares valued at $3,393,473 were divested by the 10% Owner at a price of $2.90 per share. As a result of the transaction, Rosella Holdings Ltd now holds 9,909,040 shares, worth roughly $13.28 million.

Cantor Fitzgerald initiated its Lightning eMotors Inc. [ZEV] rating to an Overweight in a research note published on June 23, 2022; the price target was $7. DA Davidson began covering ZEV with “Buy” recommendation on August 11, 2021. BofA Securities started covering the stock on August 06, 2021. It rated ZEV as “an Underperform”.

Price Performance Review of ZEV

On Monday, Lightning eMotors Inc. [NYSE:ZEV] saw its stock fall -4.96% to $1.34. Over the last five days, the stock has lost -12.99%. Lightning eMotors Inc. shares have fallen nearly -77.70% since the year began. Nevertheless, the stocks have fallen -84.81% over the past one year. While a 52-week high of $9.71 was reached on 01/05/22, a 52-week low of $1.20 was recorded on 10/13/22. SMA at 50 days reached $1.7162, while 200 days put it at $3.5663. A total of 0.59 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For ZEV Stock

The 24-hour chart illustrates a support level at 1.2559, which if violated will result in even more drops to 1.1719. On the upside, there is a resistance level at 1.4320. A further resistance level may holdings at 1.5241. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0205, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.27%. Stochastics %K at 42.34% indicates the stock is a holding.

How much short interest is there in Lightning eMotors Inc.?

A steep rise in short interest was recorded in Lightning eMotors Inc. stocks on Jul 14, 2022, growing by 1.16 million shares to a total of 7.73 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 6.57 million shares. There was a rise of 15.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.70% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.

Lightning eMotors Inc. [ZEV] – Who Are The Largest Shareholders?

In filings from Invesco Capital Management LLC, it is revealed that the company now owns 4,308,862 shares, or roughly 5.68% of the outstanding ZEV shares. In other words, the investor’s shares have risen by 995,915 from its previous 13-F filing of 3312947.0. Additionally, The Vanguard Group, Inc. decreased -10.01% of its stake after which the total value it holdings stand at $3,080,270, while BlackRock Fund Advisors added 269.90% of its stake to hold $2.96 million in the firm. Over the last quarter, CIBC Private Wealth Advisors, Inc purchased 653,497 shares of Lightning eMotors Inc., while SSgA Funds Management, Inc. bought 99,330 shares. At present, Bank of the West is holding 709,821 shares valued at $1.1 million. Geode Capital Management LLC owned 566,064 shares of the company at the time of its most recent 13F filing, worth $0.88 million.

The most recent change occurred on June 24, 2021 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15 price target.

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