Adomani Inc (ADOM) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Adomani Inc (NASDAQ:ADOM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus price target of $2.50 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also assigned Adomani an industry rank of 2 out of 255 based on the ratings given to related companies.
Several research firms have weighed in on ADOM. Zacks Investment Research lowered Adomani from a “buy” rating to a “hold” rating in a report on Thursday, December 27th. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Adomani in a report on Thursday, February 21st.
Adomani (NASDAQ:ADOM) last posted its earnings results on Tuesday, February 19th. The company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. The company had revenue of $1.18 million for the quarter, compared to analyst estimates of $3.36 million. Adomani had a negative return on equity of 119.79% and a negative net margin of 220.48%. On average, equities research analysts anticipate that Adomani will post -0.09 earnings per share for the current fiscal year.
Adomani Company Profile
ADOMANI, Inc provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system.
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