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.