Embark Technology (NASDAQ:EMBK) Stock Price Up 4.7%

Embark Technology, Inc. (NASDAQ:EMBKGet Rating)’s share price traded up 4.7% during trading on Monday . The company traded as high as $5.54 and last traded at $5.52. 7,330 shares were traded during mid-day trading, a decline of 99% from the average session volume of 781,079 shares. The stock had previously closed at $5.27.

Several equities analysts have recently issued reports on the stock. Robert W. Baird cut their price objective on shares of Embark Technology from $12.00 to $9.00 in a report on Friday, March 18th. KeyCorp assumed coverage on shares of Embark Technology in a report on Tuesday, January 11th. They set a “sector weight” rating on the stock. They noted that the move was a valuation call.

The firm’s fifty day moving average price is $5.11.

Embark Technology (NASDAQ:EMBKGet Rating) last issued its quarterly earnings results on Thursday, March 17th. The company reported ($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.17). On average, sell-side analysts forecast that Embark Technology, Inc. will post -0.5 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. purchased a new position in shares of Embark Technology during the 4th quarter valued at approximately $69,000. Penserra Capital Management LLC acquired a new stake in shares of Embark Technology during the 4th quarter valued at about $78,000. National Bank of Canada FI purchased a new position in shares of Embark Technology in the 4th quarter valued at about $90,000. Virtu Financial LLC acquired a new position in Embark Technology in the 4th quarter worth about $94,000. Finally, Tuttle Capital Management LLC acquired a new stake in Embark Technology in the fourth quarter valued at approximately $131,000.

Embark Technology Company Profile (NASDAQ:EMBK)

Embark Technology, Inc develops self-driving software solutions for the trucking industry in the United States. Its solutions include Embark Driver, 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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