(Nasdaq:ADOM) Adomani Inc Finished Up 39.07%

ADOM
ADOM

Adomani Inc (Nasdaq:ADOM)

June 13th, 2019

Amidst rising markets Adomani Inc rose $0.11 Thursday, up 39.07%, closing at $0.39. The stock continues to trade well at 143.75% of its 52 week low of $0.16. In addition to finishing higher, trading volumes were solid at 637.00% of normal which can indicate investors see opportunities. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be -5.88.

ADOM outperformed the rest of the Consumer Discretionary sector which went up 0.90% today.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending up. Energy saw the biggest increase of the day (1.25%), while the Healthcare sector saw the biggest drop (-0.11%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 0.15%. Healthcare saw a turn-around from its 5-day performance of 2.18% trading down -0.11%.

Sector Breakdown

  • Energy, up 1.25%.
  • Communication Services, up 1.14%.
  • Consumer Discretionary, up 0.90%.
  • Materials, up 0.58%.
  • Industrials, up 0.54%.
  • Financials, up 0.23%.
  • Information Technology, up 0.22%.
  • Utilities, up 0.15%.
  • Consumer Staples, up 0.11%.
  • Real Estate, up 0.09%.
  • Healthcare, down -0.11%.

Adomani Inc Info

ADOMANI, Inc. provides zero-emission electric and hybrid drivetrain systems for integration in new and existing school buses and medium to heavy-duty commercial fleet vehicles. Its products include traction motor/generator and motor controller, as well as power-flow set up for direct-drive configuration, which is a single speed gearbox, or a multi-gear ration transmission system. The company also offers lithium-ion battery packs, inverters, chargers, electrically driven systems for power steering and brakes, wiring harnesses, flat screen user-interface, and fleet technician diagnostic tools. ADOMANI, Inc. was founded in 2012 and is headquartered in Corona, California.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Adomani Inc’s score is -5.88) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

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