Pod Point Group (LON:PODP) Stock Price Up 15% – What’s Next?

Pod Point Group Holdings Plc (LON:PODP)’s share price traded up 15% during mid-day trading on Thursday . The company traded as high as GBX 14.77 ($0.18) and last traded at GBX 14.77 ($0.18). 283,151 shares changed hands during trading, a decline of 9% from the average session volume of 312,744 shares. The stock had previously closed at GBX 12.85 ($0.16).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 60 ($0.75) price target on shares of Pod Point Group in a research note on Wednesday, September 11th.

Pod Point Group Trading Up 15.0 %

The stock has a market cap of £23.03 million, a PE ratio of -33.58 and a beta of 1.25. The business’s fifty day moving average is GBX 13.40 and its 200 day moving average is GBX 17.12. The company has a quick ratio of 2.97, a current ratio of 1.45 and a debt-to-equity ratio of 6.20.

Insider Buying and Selling

In other Pod Point Group news, insider Melanie Lane purchased 400,000 shares of the stock in a transaction dated Monday, December 2nd. The shares were acquired at an average cost of GBX 13 ($0.16) per share, for a total transaction of £52,000 ($65,065.07). 57.59% of the stock is owned by insiders.

Pod Point Group Company Profile

Pod Point Group Holdings Plc, together with its subsidiaries, engages in the development and supply of equipment and systems for recharging electric vehicles (EV) in the United Kingdom and Norway. It is involved in the installation and operation of EV charging points for home, workplace, destination, and en-route places.