H.C. Wainwright analyst Amit Dayal maintained a Buy rating on ADOMANI Inc (NASDAQ: ADOM) today and set a price target of $3. The company’s shares closed yesterday at $0.46, close to its 52-week low of $0.45.
According to TipRanks.com, Dayal ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -8.9% and a 34.8% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and Orion Energy Systems.
ADOMANI Inc has an analyst consensus of Moderate Buy, with a price target consensus of $3.
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The company has a one-year high of $6.73 and a one-year low of $0.45. Currently, ADOMANI Inc has an average volume of 487.5K.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ADOM in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Adomani, Inc. designs, manufacture and installs advanced zero-emission electric drivetrain systems for fleet vehicles. It offers electric drive shaft, controller, batteries, and battery management system. The company was founded by Robert E. Williams in 2012 and is headquartered in Newport Beach, CA.
