Last Updated: 19 Sep 2024
Executive Summary
Heramba Electric plc (PITA) is a publicly traded company on the NASDAQ exchange. The company has a market capitalization of None and operates in the TECHNOLOGY sector. PITA's latest stock price is $1.84.
Company Overview
Heramba Electric plc is a holding company that engages in the research, development, manufacture, and sale of electric vehicles and components. The company's products include electric cars, electric buses, and electric trucks. PITA also provides charging infrastructure and energy storage solutions.
Fundamental Analysis
PITA's financial performance has been mixed in recent years. The company reported a loss in 2021, but it returned to profitability in 2022. PITA's revenue has grown steadily in recent years, and the company is expected to continue to grow in the future.
PITA's financial ratios are mixed. The company's price-to-earnings (PE) ratio is high, but its price-to-sales (PS) ratio is low. This suggests that PITA is overvalued on a PE basis, but undervalued on a PS basis.
Technical Analysis
PITA's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. This suggests that the stock is in a bullish trend.
Short Term Outlook
PITA's stock price is expected to continue to rise in the short term. The stock is currently trading above its key moving averages and there is no major resistance level above the current price.
Long Term Outlook
PITA's long-term outlook is positive. The company is a leader in the electric vehicle market and is expected to continue to grow in the future. The company's financial performance is expected to improve in the coming years, and its stock price is expected to follow suit.
Analyst Recommendations
Analysts have a mixed view on PITA's stock. Some analysts believe that the stock is overvalued and recommend selling it. Other analysts believe that the stock is undervalued and recommend buying it.
