Last Updated: 19 Sep 2024
Executive Summary
Zapp Electric Vehicles Group Limited (ZAPP) is a two-wheel electric vehicle company headquartered in Bangkok, Thailand. The company has a market capitalization of $13.23 million and trades on the NASDAQ exchange. ZAPP reported a loss per share of $69.8 in the latest quarter, and its revenue for the trailing twelve months was $3,944. The company has a negative EBITDA of $6.94 million and a negative return on assets and equity. Analysts have a consensus rating of "Buy" on ZAPP, with a target price of $27.5.
Company Overview
Zapp Electric Vehicles Group Limited is a two-wheel electric vehicle company that designs, develops, manufactures, and sells electric motorcycles and scooters. The company's products are sold in Europe, North America, and Asia. ZAPP has a strategic partnership with Foxconn, a leading electronics manufacturer, to produce its vehicles.
Fundamental Analysis
ZAPP is a pre-revenue company, so it does not have any revenue or earnings. The company has a negative EBITDA of $6.94 million and a negative return on assets and equity. ZAPP has a high Price-to-Sales ratio of 4,128.45, indicating that the company is trading at a premium to its peers.
Technical Analysis
ZAPP's stock price has been in a downtrend since its IPO in December 2021. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is below 30, indicating that the stock is oversold.
Short Term Outlook
The short-term outlook for ZAPP is bearish. The stock is trading below its key moving averages, and the RSI is oversold. The company has not yet reported any revenue, and it is facing competition from established electric vehicle manufacturers.
Long Term Outlook
The long-term outlook for ZAPP is uncertain. The company has a first-mover advantage in the two-wheel electric vehicle market, but it faces competition from established manufacturers. ZAPP will need to execute on its business plan and achieve profitability to succeed in the long term.
Analyst Recommendations
Analysts have a consensus rating of "Buy" on ZAPP, with a target price of $27.5. Two analysts have a "Buy" rating on the stock, and none have a "Sell" rating.
