Brokerages Anticipate Adomani Inc (ADOM) to Post ($0.03) EPS

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Shares of Adomani Inc (NASDAQ:ADOM) have received an average broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus target price of $2.50 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 given Adomani an industry rank of 112 out of 257 based on the ratings given to its competitors.

A number of brokerages have weighed in on ADOM. HC Wainwright set a $3.00 price target on shares of Adomani and gave the company a “buy” rating in a report on Friday, October 26th. Roth Capital began coverage on shares of Adomani in a report on Thursday, November 1st. They issued a “buy” rating and a $2.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Adomani from a “hold” rating to a “buy” rating and set a $0.50 price target on the stock in a report on Wednesday, October 31st.

Shares of ADOM traded down $0.02 during mid-day trading on Thursday, reaching $0.51. The company had a trading volume of 905,749 shares, compared to its average volume of 877,068. The firm has a market cap of $40.73 million, a PE ratio of -1.64 and a beta of 0.45. Adomani has a fifty-two week low of $0.35 and a fifty-two week high of $6.73.

Adomani (NASDAQ:ADOM) last announced its quarterly earnings results on Wednesday, October 24th. The company reported ($0.02) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company had revenue of $2.62 million for the quarter, compared to analyst estimates of $2.11 million. Adomani had a negative net margin of 235.98% and a negative return on equity of 126.89%. Equities research analysts anticipate that Adomani will post -0.16 EPS for the current year.

An institutional investor recently bought a new position in Adomani stock. Atwood & Palmer Inc. bought a new stake in shares of Adomani Inc (NASDAQ:ADOM) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 463,630 shares of the company’s stock, valued at approximately $505,000. Atwood & Palmer Inc. owned approximately 0.65% of Adomani at the end of the most recent quarter. Institutional investors own 1.55% of the company’s stock.

Adomani Company Profile

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.

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