ADS-TEC Energy (NASDAQ:ADSE) Trading Down 6.4% – Should You Sell?

ADS-TEC Energy PLC (NASDAQ:ADSE)’s share price traded down 6.4% on Monday . The company traded as low as $11.50 and last traded at $10.75. 235 shares were traded during trading, a decline of 97% from the average session volume of 8,889 shares. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Monday, May 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

ADS-TEC Energy Trading Down 4.2%

The business has a fifty day moving average price of $11.53 and a 200 day moving average price of $11.62.

ADS-TEC Energy (NASDAQ:ADSE) last released its quarterly earnings data on Monday, April 13th. The company reported ($0.42) EPS for the quarter. The firm had revenue of $9.90 million during the quarter.

Institutional Trading of ADS-TEC Energy

Several large investors have recently added to or reduced their stakes in ADSE. BNP Paribas Financial Markets increased its holdings in ADS-TEC Energy by 1,205.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock valued at $31,000 after purchasing an additional 2,411 shares in the last quarter. Bank of America Corp DE acquired a new stake in ADS-TEC Energy in the 4th quarter valued at $53,000. JPMorgan Chase & Co. increased its holdings in ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after purchasing an additional 3,133 shares in the last quarter. First Trust Advisors LP increased its holdings in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after purchasing an additional 3,183 shares in the last quarter. Finally, Anson Funds Management LP increased its holdings in ADS-TEC Energy by 224.2% in the 3rd quarter. Anson Funds Management LP now owns 305,653 shares of the company’s stock valued at $3,668,000 after purchasing an additional 211,360 shares in the last quarter. 51.65% of the stock is currently owned by institutional investors and hedge funds.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.