What should you know before buying stock in ECD Automotive Design Inc (ECDA)

ECD Automotive Design Inc (NASDAQ: ECDA) is -75.76% lower on its value in year-to-date trading and has touched a low of $0.24 and a high of $1.35 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 $0.27 in the last trading session, with the day’s loss setting it 0.0%.

Currently trading at $0.27, the stock is -6.49% and -12.81% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.39 million and changing -1.80% at the moment leaves the stock -63.52% off its SMA200. ECDA registered -72.23% loss for a year compared to 6-month loss of -72.80%. The firm has a 50-day simple moving average (SMA 50) of $0.30578 and a 200-day simple moving average (SMA200) of $0.73087.

The stock witnessed a -18.32% gain in the last 1 month and extending the period to 3 months gives it a -51.72%, and is 0.83% up 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 10.69% over the week and 17.70% over the month.

ECD Automotive Design Inc (ECDA) has around 105 employees, a market worth around $10.48M and $27.01M in sales. Profit margin for the company is -35.38%. Distance from 52-week low is 12.63% and -80.25% 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 3.64% of the company’s shares. The shares outstanding are 35.39M, and float is at 6.60M with Short Float at 8.35%. Institutions hold 1.12% 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.