Screw Tesla Motors (TSLA), I’ll Take A ZAP (ZAAP)

ZAAPVirtually every headline that talks about an Electric Vehicle (EV) automotive company has, in some way, a focus on Tesla Motors (NASDAQ: TSLA) who, by all rights, is the top seed in the sector with affordable products for the elite members of society.  With a huge market available for those who aren’t in the 1% club, ZAP (OTC: ZAAP), an automotive company incorporated in California and headquartered in Santa Rosa, caters to the market that can actually go out and afford to buy an EV and still be stylish in doing so.  With some sweet little rides like their Urbee, 5-Star Minivan and e380 SUV 5 and 3 door vehicles, the surge in volume on ZAAP stock this week finally gives it something to honk its horn to.

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ZAAP Stock

 

ZAP (website), an 11 year old company that, together with its subsidiaries, markets electric, alternative energy, and fuel efficient automobiles and commercial vehicles, motorcycles and scooters, and other forms of personal transportation via their deal with Zhejiang Jonway Automobile Co., Ltd. of China, is a decent player in the EV sector.  Focused on developing, acquiring, and commercializing EVs and EV power systems that can be produced commercially on an economically competitive basis, sales haven’t been too shabby and their pre-qualification notice, received in April, from the United States Postal Service could be their big-ticket to the show.

For the three and six months ended June 30, 2015, ZAP reported net sales of $5.356 million and $13.718 million, respectively, compared to $7.588 million and $14.409 million for the same respective periods in 2014.  While, like Tesla Motors, it costs more to produce the EV products they sell than the total sales figures recorded, 99.6%, or $5.3 million of the company’s revenues for the three months ended June 30, 2015 and 98.5%, or $13.5 million of their revenue for the six months ended June 30, 2015, are from sales in China meaning they have yet to even make a dent in boosting their top line numbers from sales in the U.S.

Back in April, the last PR issued and only one of 2015, ZAP stated that the company had received pre-qualification notice from the USPS for its Next Generation Delivery Vehicle.  Selected as a pre-qualifier for the development of new energy efficient postal delivery vehicles under the USPS’s Next Generation Delivery Vehicle program, ZAAP stock had a record day on April 15, trading $190,887, 2,086,200 shares – the highest session since Christmas Eve 2014 when $211,472, 200, 2,249,700 shares, was exchanged.

The surge in volume over the past two sessions can be directly connected to the news Mullen Group Ltd (MTL.TO), a Toronto Stock Exchange listed company that specializes in EVs.  Some message board due diligencers revealed that, under their own branding names, the company is receiving the EVs from Jonway well ahead of schedule and seeing some impressive interest from the California customer base which substantiates why nearly $500,000 has traded thus far this week on ZAAP stock.

Looking at the chart, ZAAP stock hasn’t been above 0.11 since nearly a year ago, but, over the past 5 years, has rarely ever seen volume greater than yesterday, the most notable being in March, 2014, one day after ZAAP shares ran from their 0.09 norm range to 0.44 in a single session.  Much of the reason why its so easy for ZAAP to be so bullish is because, of the 460,212,950 shares outstanding as of August 10, 2015, Cathaya Capital L.P. and Alex Wang own almost all of them (page 133). 

Heading into the final sessions of the shortened trading week, those keeping an eye on ZAAP shares should take note of the insider holdings and the historic low volume.  0.1499 may be the current 52Wk High and 0.04 the 52 Wk Low, but the sessions where less than 100,000 shares trade could easily return if the batteries run low on this recent peak of interest in ZAAP stock.

Find out more about ZAAP shares here: $ZAAP

 

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