Full Answer
Should investors worry about Volta's stock?
While it's certainly worth noting Wall Street's takes on Volta's stock, the more-material factor that investors should recognize is the company's recent shake-up in the C-suite.
Is Volta’s CEO stepping down?
Last month, Volta announced that its founder and CEO was stepping down, and last Friday, the company announced that its board of directors had appointed its chief revenue officer, Brandt Hastings, as the interim CEO.
Is Mark Delaney right about Volta's stock?
Similarly, Mark Delaney, an analyst at Goldman Sachs, also has a less-auspicious view of Volta's stock. Yesterday, investors learned that Delaney reduced his price target to $2 from $3 and downgraded the stock to sell from neutral. Thefly.
How does Volta make money?
While the company struggles to ramp up installs, the business is actually not much more than a media organization. Volta gets paid per impressions at the over 4,700 screens displaying ads at their charging stations.
Is Volta a buy or sell?
Volta's analyst rating consensus is a 'Moderate Buy. This is based on the ratings of 7 Wall Streets Analysts.
What is happening to Volta?
Volta went public last year through a merger with a special purpose acquisition company. Just last month, the board's compensation committee awarded Mercer a $500,000 cash bonus for 2021 and approved a 2022 base salary of equal size for him, according to a government filing.
Should I sell Volta stock?
Out of 7 analysts, 4 (57.14%) are recommending VLTA as a Strong Buy, 2 (28.57%) are recommending VLTA as a Buy, 0 (0%) are recommending VLTA as a Hold, 0 (0%) are recommending VLTA as a Sell, and 1 (14.29%) are recommending VLTA as a Strong Sell.
Is Volta a good company?
Volta has a Strong Buy rating based on three Buys ratings assigned in the past three months. The average Volta price target of $14.00 represents a 65.9% upside potential.
Can I buy Volta stock?
Buy Volta Industries shares from these brokerages Trade stocks in the app or online with $0 commissions.
Is EVgo a good stock to buy?
In short, EVgo is progressing well and has immense growth potential, considering the increase in EVs and the rising demand for charging infrastructure. However, the stock is suitable only for investors with a high appetite for risk.
Is Volta undervalued?
With the recent dip in its stock price amid concerns around the Fed's tapering plan and the Ukrainian war, Volta (NYSE:NYSE:VLTA) currently seems undervalued with huge growth prospects ahead.
What is the price prediction for Volta?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Volta Inc have a median target of 5.50, with a high estimate of 7.00 and a low estimate of 1.50. The median estimate represents a +147.75% increase from the last price of 2.22.
Is Volta a private company?
EV Charging Firm Volta Is Going Public But Raising Less Money Than Expected. Electric-vehicle charging firm Volta Industries is set to debut on the New York Stock Exchange Friday, after closing a merger with a special purpose acquisition company, or SPAC, on Thursday.
Who bought Volta?
Digital 9 acquires Volta for £45 million.
Is Volta a real company?
Volta Inc. (NYSE: VLTA) is an industry-leading electric vehicle (“EV”) charging network powering vehicles and commerce.
Is Volta a buy right now?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Volta in the last twelve months. There are currently 1 sell rating, 3 hold...
When is Volta's next earnings date?
Volta is scheduled to release its next quarterly earnings announcement on Friday, August 12th 2022. View our earnings forecast for Volta .
How were Volta's earnings last quarter?
Volta Inc. (NYSE:VLTA) posted its earnings results on Friday, May, 13th. The company reported ($0.28) earnings per share for the quarter, missing t...
What guidance has Volta issued on next quarter's earnings?
Volta updated its second quarter 2022 earnings guidance on Friday, May, 20th. The company provided earnings per share (EPS) guidance of for the per...
What price target have analysts set for VLTA?
8 analysts have issued 12 month target prices for Volta's shares. Their forecasts range from $2.00 to $18.00. On average, they anticipate Volta's s...
Who are Volta's key executives?
Volta's management team includes the following people: Mr. Francois P. Chadwick , Chief Financial Officer (Age 49, Pay $812.03k) Mr. Scott Merce...
Who are some of Volta's key competitors?
Some companies that are related to Volta include Polaris (PII) , BRP (DOOO) , ChargePoint (CHPT) , Nabtesco (NCTKF) , Wallbox (WBX) , Blink C...
What is Volta's stock symbol?
Volta trades on the New York Stock Exchange (NYSE) under the ticker symbol "VLTA."
Who are Volta's major shareholders?
Volta's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.93%), Handelsb...
What is the P/B ratio of Volta?
Volta Inc - Class A has a P/B Ratio of 85.25. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
What is the VLTA symbol?
Volta Inc - Class A trades on the New York Stock Exchange (NYSE) under the ticker symbol "VLTA."
Does Volta pay dividends?
Volta Inc - Class A does not currently pay a dividend.
What happened
Volta ( VLTA ) is an owner and operator of electric vehicle (EV) charging infrastructure. The company differentiates itself by partnering with retailers and landlords who utilize its charging stations as an advertising medium. The company went public through a business combination with a special purpose acquisition company (SPAC) in August 2021.
So what
To satisfy obligations to certain shareholders, including early private placement in public equity (PIPE) investors, Volta has registered an additional 116 million shares for these stakeholders to sell.
Now what
The more than 116 million newly registered shares includes common stock as well as shares issuable upon exercise of public warrants. Should all shares be issued, it would represent a more than 70% increase in the outstanding common stock share count, significantly diluting existing shareholders.