Volta's Shares Rise on Takeover News

Volta rose 20.1% during the morning session to $0.87 per share. As reported by Reuters: "Shell unit to acquire EV charging firm Volta" You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.

Volta Inc. operates a network of smart media-enabled charging stations for electric vehicles in the United States. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 24.11 and an average price to book (P/B) ratio of 3.11. In contrast, Volta has a trailing 12 month P/E ratio of -0.4 and a P/B ratio of 0.9.

Volta has moved -85.7% over the last year compared to -12.0% for the S&P 500 -- a difference of -73.8%. Volta has a 52 week high of $5.805 and a 52 week low of $0.3. At today's price of $0.87 per share, Volta is -22.75% away from its target price of $1.13, and on average, analysts give the stock a rating of hold. 14.8% of the company's shares are linked to short positions, and 26.5% of the shares are owned by institutional investors.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.