Despite Market Volatility, Tritium DCFC Limited’s Stock Price Decreases by -4.58 in 2023.
March 19, 2023
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Due to the turbulent market conditions in recent times, a negative trend has been observed in the stock prices of many companies. Tritium ($NASDAQ:DCFC) DCFC Limited is no exception to this trend, with its stock price decreasing from 1.31 to -4.58 in the year 2023. This is a significant drop in share prices of the company, which has been a cause of concern for investors. With wider economic uncertainty, investors tend to be more cautious and are reluctant to invest in the stock market.
This has resulted in the decrease of share prices of even the most promising companies. Overall, the decrease in Tritium DCFC Limited’s stock prices by -4.58 in 2023 is a reflection of the current market conditions, which have not been favourable to investors and companies alike. Despite this, the company is still a reliable and growing company that has potential to increase its share prices in the future.
Share Price
Prior to the decline, news regarding the company was mostly neutral. On Friday, the stock opened at $1.2 and closed at $1.1, a decrease of 14.4% from the prior closing price of $1.2. This decline comes after a period of relative stability, and is likely to cause concern for shareholders and investors alike. Looking ahead, it remains to be seen whether or not the stock price will recover from its recent decline, or continue to drop. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tritium Dcfc. More…
| Total Revenues | Net Income | Net Margin |
| 101.47 | -115.69 | -111.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tritium Dcfc. More…
| Operations | Investing | Financing |
| -141.57 | -9.39 | 209.21 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tritium Dcfc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 298.27 | 385.52 | -0.56 |
Key Ratios Snapshot
Some of the financial key ratios for Tritium Dcfc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | -95.8% |
| FCF Margin | ROE | ROA |
| -148.8% | 95.1% | -20.4% |
Analysis
At GoodWhale, we have conducted an analysis of the financials of TRITIUM DCFC. Based on our Risk Rating assessment, TRITIUM DCFC has been classified as a medium risk investment in terms of both business and financial aspects. We believe that there may be areas of the business and financials with potential risks. We advise that investors should register with us to gain further insight into the risks associated with the investment. Our Risk Rating provides more detail and analysis on the potential risks. With this information, investors can make more informed decisions about their investments. More…
Peers
Its competitors are Zhejiang Yonggui Electric Equipment Co Ltd, Adda Corp, and Evans Electric Ltd.
– Zhejiang Yonggui Electric Equipment Co Ltd ($SZSE:300351)
Zhejiang Yonggui Electric Equipment Co., Ltd. is a Chinese manufacturer of electrical equipment and components. The company has a market capitalization of 5.17 billion as of 2022 and a return on equity of 4.46%. Founded in 1992, Zhejiang Yonggui Electric Equipment Co., Ltd. is headquartered in Zhuji, Zhejiang Province, China. The company manufactures a variety of electrical equipment and components, including transformers, switchgears, circuit breakers, and other electrical products.
– Adda Corp ($TPEX:3071)
ADDACorp is a publicly traded company with a market capitalization of $2.55 billion as of 2022. The company has a return on equity of 12.47%. ADDACorp is engaged in the business of providing engineering, procurement, construction, and project management services to the oil and gas, power, and petrochemical industries worldwide.
– Evans Electric Ltd ($BSE:542668)
With a market cap of 133.08M as of 2022 and a return on equity of 13.39%, Evans Electric Ltd is a publicly traded company that designs, manufactures, and markets electrical products and services worldwide. The company’s products and services include electrical distribution, generation, and transmission equipment; lighting and wiring products; and control and automation products. Evans Electric Ltd also provides engineering, procurement, and construction services for electric utilities, commercial, and industrial customers.
Summary
Investing in Tritium DCFC Limited can be a risky endeavor. Despite the volatility of the market, the company’s stock price has decreased by -4.58% in 2023. News surrounding the company has so far been mostly neutral, causing the stock price to fall on the same day.
Investors should exercise caution before investing in this company, as the prospects for future growth remain unclear. A thorough analysis of the company’s financials, competitive landscape, and long-term strategy should be conducted before investing in Tritium DCFC Limited.
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