The stock of Heramba Electric plc (PITA) has gone down by -7.39% for the week, with a -32.82% drop in the past month and a -75.04% drop in the past quarter. The volatility ratio for the week is 16.29%, and the volatility levels for the past 30 days are 22.47% for PITA.. The simple moving average for the past 20 days is -23.56% for PITA’s stock, with a -90.79% simple moving average for the past 200 days.
Is It Worth Investing in Heramba Electric plc (NASDAQ: PITA) Right Now?
Additionally, the 36-month beta value for PITA is 0.48.
The public float for PITA is 10.18M and currently, short sellers hold a 8.18% ratio of that float. The average trading volume of PITA on March 17, 2025 was 2.13M shares.
PITA) stock’s latest price update
Heramba Electric plc (NASDAQ: PITA)’s stock price has dropped by -12.54 in relation to previous closing price of 0.35. Nevertheless, the company has seen a loss of -7.39% in its stock price over the last five trading days. globenewswire.com reported 2024-09-19 that DÜSSELDORF, Germany, and ATLANTA, Sept. 19, 2024 (GLOBE NEWSWIRE) — Heramba Electric plc (NASDAQ: PITA) (“Heramba Electric” or the “Company”), a global technology company focused on decarbonizing public and commercial transportation, announced that its wholly owned subsidiary, Kiepe Electric (“KIEPE”) has received a framework order from Vossloh Rolling Stock to equip eleven class DE 18 diesel-electric shunting locomotives with KIEPE’s SmartHybrid battery drive instead of an additional diesel tank. The low-emission and low-noise operation of KIEPE’s SmartHybrid battery drive brings operators various benefits, such as higher availability, decarbonization, and energy efficiency. KIEPE will present the SmartHybrid solution at Booth 430, Hall 9 at InnoTrans in Berlin from September 24-27, 2024.
PITA Trading at -56.43% from the 50-Day Moving Average
After a stumble in the market that brought PITA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -97.95% of loss for the given period.
Volatility was left at 22.47%, however, over the last 30 days, the volatility rate increased by 16.29%, as shares sank -29.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -75.44% lower at present.
During the last 5 trading sessions, PITA fell by -7.39%, in comparison to the 20-day moving average, which settled at $0.4016. In addition, Heramba Electric plc saw -76.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PITA
The total capital return value is set at 0.91. Equity return is now at value -0.35, with -0.31 for asset returns.
Based on Heramba Electric plc (PITA), the company’s capital structure generated 2.96 points at debt to capital in total, while cash flow to debt ratio is standing at -0.49. The debt to equity ratio resting at -1.51. The interest coverage ratio of the stock is -9.51.
Currently, EBITDA for the company is -2.82 million with net debt to EBITDA at -1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.00.
Conclusion
In conclusion, Heramba Electric plc (PITA) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
