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NASDAQ:EMBK

Embark Technology - EMBK Stock Forecast, Price & News

$2.47
-0.03 (-1.20%)
(As of 03/20/2023 03:38 PM ET)
Add
Compare
Today's Range
$2.42
$2.53
50-Day Range
$2.49
$5.81
52-Week Range
$2.02
$134.40
Volume
98,575 shs
Average Volume
313,302 shs
Market Capitalization
$57.85 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$233.33

Embark Technology MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
10,300.0% Upside
$260.00 Price Target
Short Interest
Bearish
6.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Auto/Tires/Trucks Sector

72nd out of 97 stocks

Computer Integrated Systems Design Industry

29th out of 36 stocks


EMBK stock logo

About Embark Technology (NASDAQ:EMBK) Stock

Embark Technology, Inc. is a tech start-up engaged in the self-driving vehicle industry in the United States. The company develops self-driving software solutions for the trucking industry specifically but its technology has applications across the automotive world. The business is built around a two-pronged approach that includes the technology to automate the trucking industry and the ability to manage the fleet from a centralized location. Trucks began testing Embark Technology in mid-2022.

The company was incorporated in 2016 and went public in March 2021. Embark Technology, Inc is headquartered in San Francisco and is the longest-operating self-driving truck operation on the market. The company differentiated itself at the beginning of the self-driving car revolution by focusing on freight, delivery, and fleet management and it is a strategy that has helped it stay ahead of the competition.

Also unlike the competition, Embark Technology is focused on the software that will power the system rather than the hardware. This means the company is working in collaboration with, rather than competing, with the OEMs and parts suppliers and that can be seen in the growing number of partnerships with manufacturers and shippers.

Embark Technology's solutions include Embark Driver, Embark Universal Interface, and Embark Guardian. Embark Driver is an autonomous trucking software that relies on sensors for added safety and reliability. By moving on from the map-based software the company is able to create more efficient systems and save costs for businesses.

Among the many stats recorded by the company, three of the most important are 60, 1200, and 5. The 60 is up to 60 seconds of future planning the automated software is ready to execute while driving. 1200 is the number of potential scenarios that are calculated each second as the vehicle traverses the roadways. The 5 is the 5-centimeter degree of control the software has and uses to keep the vehicles moving down the road safely.

Embark Universal Interface is an interoperable self-driving stack that works across truck OEM platforms. Embark Universal Interface is a technology that operates across OEM platforms making it a top choice for fleet managers. The Universal Interface will allow operators to control fleets made of multiple truck brands but relies on the willingness of OEM operators to build vehicles with the hardware installed at the factory.

Embark Guardian is a cloud-based autonomous fleet management solution that gives carriers complete control over their vehicles. The system provides air updates, supports remote vehicle monitoring, aid with remote vehicle assistance, dispatching, and access to real-time data, such as weather, construction delays, and detours.

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EMBK Stock News Headlines

Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Biden To Unleash "Choke Point" Operation On America?
Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.
Embark Technology, Inc. (EMBK)
EMBK Embark Technology, Inc.
Embark Appoints Penny Herscher as New Board Chair
Why Is Embark Technology (EMBK) Stock Up 80% Today?
Dow Surges 250 Points; Crude Oil Down Over 2%
Embark Announces Second Quarter 2022 Financial Results
See More Headlines
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EMBK Company Calendar

Today
3/20/2023
Next Earnings (Estimated)
3/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer integrated systems design
Sub-Industry
N/A
Current Symbol
NASDAQ:EMBK
Fax
N/A
Employees
231
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$260.00
High Stock Price Forecast
$400.00
Low Stock Price Forecast
$120.00
Forecasted Upside/Downside
+9,233.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$-124,210,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
N/A
Book Value
$10.43 per share

Miscellaneous

Free Float
16,028,000
Market Cap
$58.55 million
Optionable
Not Optionable
Beta
1.66

Key Executives

  • Mr. Alex Rodrigues (Age 27)
    CEO, Founder & Director
    Comp: $180k
  • Mr. Brandon Moak (Age 27)
    CTO, Founder & Director
    Comp: $180k
  • Mr. Richard Hawwa (Age 38)
    Chief Financial Officer
    Comp: $316.35k
  • Mr. Stephen Meyer Houghton
    Chief Operating Officer
  • Mr. Siddhartha Venkatesan (Age 44)
    Chief Legal Officer
  • Ms. Payal Maheshwari
    Head of People & Culture
  • Mr. Sam Abidi
    Chief Commercial Officer
  • Jonny Morris
    Head of Corp. Affairs













EMBK Stock - Frequently Asked Questions

Should I buy or sell Embark Technology stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Embark Technology in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EMBK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EMBK, but not buy additional shares or sell existing shares.
View EMBK analyst ratings
or view top-rated stocks.

What is Embark Technology's stock price forecast for 2023?

2 Wall Street analysts have issued twelve-month price targets for Embark Technology's shares. Their EMBK share price forecasts range from $120.00 to $400.00. On average, they anticipate the company's share price to reach $260.00 in the next year. This suggests a possible upside of 10,300.0% from the stock's current price.
View analysts price targets for EMBK
or view top-rated stocks among Wall Street analysts.

How have EMBK shares performed in 2023?

Embark Technology's stock was trading at $3.29 on January 1st, 2023. Since then, EMBK shares have decreased by 24.0% and is now trading at $2.50.
View the best growth stocks for 2023 here
.

When is Embark Technology's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, March 20th 2023.
View our EMBK earnings forecast
.

When did Embark Technology's stock split?

Shares of Embark Technology reverse split before market open on Wednesday, August 17th 2022. The 1-20 reverse split was announced on Wednesday, August 17th 2022. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 17th 2022. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

What is Embark Technology's stock symbol?

Embark Technology trades on the NASDAQ under the ticker symbol "EMBK."

Who are Embark Technology's major shareholders?

Embark Technology's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vestcor Inc (4.70%), Franklin Resources Inc. (2.23%), Geode Capital Management LLC (0.57%), SVB Wealth LLC (0.25%), Squarepoint Ops LLC (0.09%) and Two Sigma Investments LP (0.09%).
View institutional ownership trends
.

How do I buy shares of Embark Technology?

Shares of EMBK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Embark Technology's stock price today?

One share of EMBK stock can currently be purchased for approximately $2.50.

How much money does Embark Technology make?

Embark Technology (NASDAQ:EMBK) has a market capitalization of $58.55 million. The company earns $-124,210,000.00 in net income (profit) each year or ($7.73) on an earnings per share basis.

How many employees does Embark Technology have?

The company employs 231 workers across the globe.

How can I contact Embark Technology?

Embark Technology's mailing address is 4801 MAIN STREET SUITE 1000, KANSAS CITY MO, 64112. The official website for the company is www.embarktrucks.com. The company can be reached via phone at 415-671-9628 or via email at investors@northerngenesis.com.

This page (NASDAQ:EMBK) was last updated on 3/20/2023 by MarketBeat.com Staff