Zacks: Adomani Inc (ADOM) Given Average Rating of “Buy” by Analysts

Shares of Adomani Inc (NASDAQ:ADOM) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Adomani’s rating score has declined by 100% from three months ago as a result of a number of analysts’ ratings changes.

Analysts have set a 1-year consensus target price of $1.68 for the company and are expecting that the company will post ($0.03) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Adomani an industry rank of 107 out of 256 based on the ratings given to its competitors.

Several research firms have recently issued reports on ADOM. Zacks Investment Research lowered shares of Adomani from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. Roth Capital restated a “neutral” rating on shares of Adomani in a report on Friday, May 3rd. Finally, HC Wainwright restated a “buy” rating and issued a $3.00 target price on shares of Adomani in a report on Thursday, February 21st.

Shares of Adomani stock remained flat at $$0.35 during trading on Monday. 166,133 shares of the stock traded hands, compared to its average volume of 1,181,404. The company has a market cap of $25.64 million, a price-to-earnings ratio of -2.35 and a beta of 1.73. Adomani has a 12-month low of $0.16 and a 12-month high of $1.75.

A hedge fund recently bought a new stake in Adomani stock. MYDA Advisors LLC purchased a new position in Adomani Inc (NASDAQ:ADOM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 150,000 shares of the company’s stock, valued at approximately $59,000. MYDA Advisors LLC owned 0.21% of Adomani at the end of the most recent reporting period. 2.52% of the stock is owned by hedge funds and other institutional investors.

About Adomani

ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.

See Also: Capital Gains

Get a free copy of the Zacks research report on Adomani (ADOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Adomani Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adomani and related companies with MarketBeat.com's FREE daily email newsletter.