Embark Technology (EMBK) Set to Announce Earnings on Thursday

Embark Technology (NASDAQ:EMBK – Get Rating) is set to post its quarterly earnings results after the market closes on Thursday, August 11th. Analysts expect Embark Technology to post earnings of ($0.13) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Embark Technology (NASDAQ:EMBK – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.02. On average, analysts expect Embark Technology to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Embark Technology Stock Performance

Shares of NASDAQ:EMBK opened at $0.52 on Thursday. Embark Technology has a 1 year low of $0.35 and a 1 year high of $10.49. The business has a fifty day moving average price of $0.68 and a two-hundred day moving average price of $3.12.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Citigroup reduced their target price on shares of Embark Technology from $11.00 to $6.00 in a research report on Wednesday, May 11th. Vertical Research assumed coverage on shares of Embark Technology in a report on Tuesday, April 26th. They issued a “buy” rating and a $20.00 price target on the stock.

Institutional Investors Weigh In On Embark Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of EMBK. State Street Corp raised its holdings in Embark Technology by 63.4% during the 1st quarter. State Street Corp now owns 1,021,465 shares of the company’s stock valued at $6,016,000 after acquiring an additional 396,265 shares during the period. Bank of America Corp DE bought a new stake in Embark Technology during the 1st quarter valued at $1,425,000. Ergoteles LLC bought a new stake in Embark Technology during the 1st quarter valued at $545,000. Jane Street Group LLC bought a new stake in Embark Technology during the 1st quarter valued at $358,000. Finally, Vanguard Group Inc. grew its position in shares of Embark Technology by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 2,769,759 shares of the company’s stock valued at $16,314,000 after purchasing an additional 60,744 shares in the last quarter. Institutional investors own 53.69% of the company’s stock.

About Embark Technology

(Get Rating)

Embark Technology, Inc develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, an autonomous trucking software; Embark Universal Interface, an interoperable self-driving stack that works across truck OEM platforms; and Embark Guardian, a cloud-based autonomous fleet management solution that gives carriers control over air updates, remote vehicle monitoring, remote vehicle assist, dispatching and access to real time data, such as weather and construction.

Further Reading

• Get a free copy of the StockNews.com research report on Embark Technology (EMBK)
• Is Starbucks Shooting For The Moon? 
• Two High-Yield Deep-Values You Shouldn’t Ignore 
• PayPal Continues To Struggle As Competition Increases
• Is Nike An Undervalued Opportunity for Investors?
• AutoNation Stock is Firing on All Pistons

Want More Great Investing Ideas?