It’s still a bull thesis, just subverted: Proterra Inc. (PTRA)

Currently, Proterra Inc. [PTRA] is trading at $5.62, up 10.85%. An important factor to consider is whether the stock is rising or falling in short-term value. The PTRA shares have gain 16.36% over the last week, with a monthly amount glided 50.27%, and seem to be holding up well over a long-time horizon.

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On 19, January 2023, Proterra to Concentrate Electric Bus and Battery Manufacturing in Larger South Carolina Facilities With 2023 Exit from City of Industry Plant. In a post published today on Yahoo Finance, Proterra Inc (NASDAQ: PTRA) today announced plans to concentrate electric bus and battery manufacturing at its larger South Carolina production facilities following an exit from the company’s City of Industry, CA, plant by the end of 2023.

From an analyst’s perspective:

Proterra Inc. [NASDAQ: PTRA] stock has seen the most recent analyst activity on October 17, 2022, when BTIG Research initiated its Buy rating and assigned the stock a price target of $7. Previously, Truist started tracking the stock with Buy rating on September 29, 2022, and set its price target to $9. On June 02, 2022, DA Davidson initiated with a Buy rating and assigned a price target of $10 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $5 on May 13, 2022. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $12 as its price target on October 22, 2021. Barclays started tracking with a Equal Weight rating for this stock on September 24, 2021, and assigned it a price target of $10. In a note dated August 30, 2021, BofA Securities initiated an Buy rating and iterated a target price of $15 on this stock.

This stock has fluctuated between a low of $3.47 and a high of $9.20 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $7.50 within the next 12 months. Proterra Inc. [NASDAQ: PTRA] shares were valued at $5.62 at the most recent close of the market. An investor can expect a potential return of 33.45% based on the average PTRA price forecast.

Analyzing the PTRA fundamentals

Recent quarter sales for Proterra Inc. [NASDAQ:PTRA] were 96.22 billion which represents 55.40% growth. Gross Margin for this corporation currently stands at +0.84% with Operating Margin at -52.55%, Pretax Margin comes in at -102.94%, and Net Margin reading is -102.94%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.27 points at the first support level, and at 4.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.89, and for the 2nd resistance point, it is at 6.17.

Proterra Inc. [PTRA] reported earnings per share of -$0.19 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.19/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were -$0.23 per share as compared to estimates of -$0.17 per share, a difference of -$0.06 representing a surprise of -35.30%.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Proterra Inc. [NASDAQ:PTRA] is 6.30. On the other hand, the Quick Ratio is 8.38, and the Cash Ratio is 7.32. Considering the valuation of this stock, the price to sales ratio is 4.40, the price to book ratio is 2.72.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 1 insider purchases totaling 52,446 shares and 1 insider sales totaling 52,446 shares over the past 3 months. Recent insider trading involved Padilla Karina F, Chief Financial Officer, that happened on Jan 26 when 9574.0 shares were sold. CEO and President, Joyce Gareth T completed a deal on Jan 23 to sell 22534.0 shares. Meanwhile, Chief Legal Officer, Secy Covington JoAnn sold 52446.0 shares on Nov 14.