Tritium DCFC Limited

Tritium DCFC Limited (NASDAQ: DCFC) creates innovative and dependable DC (direct current) fast chargers for electric vehicles by designing and manufacturing proprietary hardware and software. On January 14, 2022, the company's ordinary shares and warrants began trading on the NASDAQ under the ticker symbols DCFC and DCFCW, respectively.

Key Highlights:

• The company reported a 19.56% increase in total revenues to USD 56.16 million in FY21 (ended June 30, 2021) compared to USD 46.97 million in FY20.
• However, DCFC reported an increase in net losses to USD 63.09 million in FY21 from USD 34.44 million in FY20.
• As of June 30, 2021, the company's current ratio is 0.78x, compared to the industry median of 2.23x. This indicates liquidity issues.
• On February 08, 2022, DCFC announced plans to expand its American footprint by constructing a new manufacturing facility in Lebanon, Tennessee. The facility will house up to six production lines for its DC fast chargers, including the award-winning RTM and all-new PKM150 versions.
• The stock is currently trading far above its critical short-term (50-day) and long-term (200-day) DMA support levels, with the RSI Index at 66.14, indicating an overbought zone.
• Stock is leaning towards the higher band of the 52-week range of USD 6.42 to USD 19.75.
• The DCFC stock price has risen to 100.61% in the last week, indicating significant price volatility.

Three-Year Technical Price Chart (as of February 10, 2022; 12:29 PM ET). Analysis by Kalkine Group

Conclusion: Considering the substantial volatility in prices, expansion plans, bottom line stress, recently listed on the exchange, and other technical indicators, we recommend a "Watch" rating on the stock at the current price of USD 13.25, down 15.61% as of February 10, 2022, at 12:29 PM ET

*The reference data in this report has been partly sourced from REFINITIV.