ECD Automotive Design Inc (ECDA) Shares Down Despite Recent Market Volatility

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ECD Automotive Design Inc (NASDAQ: ECDA)’s stock price has gone decline by -6.78 in comparison to its previous close of 1.18, globenewswire.com reported 2024-07-09 that KISSIMMEE, Fla., July 09, 2024 (GLOBE NEWSWIRE) — ECD Auto Design, renowned for its unparalleled craftsmanship in custom one-of-one vehicle restoration, proudly announces the launch of its latest product line: the classic Toyota FJ retromod. This new venture marks a significant milestone in ECD’s journey, celebrating the legacy of the iconic Toyota FJ while infusing it with modern automotive excellence.

Is It Worth Investing in ECD Automotive Design Inc (NASDAQ: ECDA) Right Now?

ECDA has 36-month beta value of -1.60. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”

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The public float for ECDA is 2.76M, and currently, short sellers hold a 0.75% ratio of that float. The average trading volume of ECDA on July 11, 2024 was 374.25K shares.

ECDA’s Market Performance

ECDA stock saw an increase of 0.00% in the past week, with a monthly gain of 2.80% and a quarterly increase of 4.76%. The volatility ratio for the week is 8.94%, and the volatility levels for the last 30 days are 8.99% for ECD Automotive Design Inc (ECDA). The simple moving average for the past 20 days is 4.77% for ECDA’s stock, with a -70.68% simple moving average for the past 200 days.

ECDA Trading at -1.20% from the 50-Day Moving Average

After a stumble in the market that brought ECDA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -93.53% of loss for the given period.

Volatility was left at 8.99%, however, over the last 30 days, the volatility rate increased by 8.94%, as shares surge +13.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.79% lower at present.

During the last 5 trading sessions, ECDA remain unchanged, which changed the moving average for the period of 200-days by -89.34% in comparison to the 20-day moving average, which settled at $1.0564. In addition, ECD Automotive Design Inc saw -10.57% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ECDA

Current profitability levels for the company are sitting at:

  • 0.03 for the present operating margin
  • 0.29 for the gross margin

The net margin for ECD Automotive Design Inc stands at -0.08. The total capital return value is set at 0.25. Equity return is now at value -5.53, with -4.00 for asset returns.

Based on ECD Automotive Design Inc (ECDA), the company’s capital structure generated 93.1 points at debt to capital in total, while cash flow to debt ratio is standing at -0.61. The debt to equity ratio resting at -1.01. The interest coverage ratio of the stock is 0.53.

Currently, EBITDA for the company is -1.15 million with net debt to EBITDA at 6.68. When we switch over and look at the enterprise to sales, we see a ratio of 1.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.

Conclusion

To put it simply, ECD Automotive Design Inc (ECDA) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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