Shares of Electric Last Mile Solutions, Inc. (NASDAQ:ELMS) have received a consensus rating of “Buy” from the seven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $16.00.
Several research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Electric Last Mile Solutions in a report on Wednesday, July 28th. They set a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research upgraded Electric Last Mile Solutions from a “sell” rating to a “hold” rating in a report on Tuesday, November 9th. Finally, DA Davidson assumed coverage on Electric Last Mile Solutions in a report on Tuesday, August 10th. They set a “buy” rating and a $14.00 target price on the stock.
Shares of ELMS traded up $0.36 during trading hours on Thursday, reaching $8.19. The stock had a trading volume of 407,193 shares, compared to its average volume of 753,842. Electric Last Mile Solutions has a 52 week low of $6.43 and a 52 week high of $15.30. The company has a quick ratio of 2.48, a current ratio of 2.58 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $7.81.
Electric Last Mile Solutions Company Profile
Electric Last Mile, Inc designs and manufactures last mile delivery electric vehicles. The company was incorporated in 2020 and is based in Auburn Hills, Michigan.
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