ECD Automotive Design Inc (NASDAQ: ECDA) is -73.05% lower on its value in year-to-date trading and has touched a low of $0.24 and a high of $1.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ECDA stock was last observed hovering at around $0.35 in the last trading session, with the day’s gains setting it 6.26%.
Currently trading at $6.61M, the stock is -9.21% and -17.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing 5817171% at the moment leaves the stock -64.12% off its SMA200. ECDA registered -70.52% loss for a year compared to 6-month loss of -70.21%. The firm has a 50-day simple moving average (SMA 50) of $0.34354 and a 200-day simple moving average (SMA200) of $0.78867.
The stock witnessed a 12.70% gain in the last 1 month and extending the period to 3 months gives it a -60.17%, and is -8.71% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 13.19% over the week and 8.96% over the month.
ECD Automotive Design Inc (ECDA) has around 105 employees, a market worth around $11.12M and $27.01M in sales. Profit margin for the company is -35.38%. Distance from 52-week low is 19.56% and -80.48% from its 52-week high.
The EPS is expected to grow by 68.75% this year.
ECD Automotive Design Inc (ECDA) Top Institutional Holders
16.0 institutions hold shares in ECD Automotive Design Inc (ECDA), with institutional investors hold 5.39% of the company’s shares. The shares outstanding are 35.39M, and float is at 6.54M with Short Float at 20.03%. Institutions hold 1.24% of the Float.
The top institutional shareholder in the company is ATW SPAC MANAGEMENT LLC with over 77801.0 shares valued at $94139.0. The investor’s holdings represent 0.2433% of the ECDA Shares outstanding. As of 2024-06-30, the second largest holder is OAKTREE CAPITAL MANAGEMENT LP with 75000.0 shares valued at $90750.0 to account for 0.2345 of the shares outstanding. The other top investors are TACONIC CAPITAL ADVISORS LP which holds 75000.0 shares representing 0.2345% and valued at over $90750.0, while MANGROVE PARTNERS holds 0.2345 of the shares totaling 75000.0 with a market value of $90750.0.
