Embark Technology (EMBK) Set to Announce Earnings on Thursday

Embark Technology (NASDAQ:EMBKGet 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:EMBKGet 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

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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.

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