MarketWatch · Mar 7, 2023
Self-driving truck startup Embark says it may go bust, shares plunge 33%
Shares of autonomous-truck startup Embark Technology Inc. sank Monday after the company announced deep layoffs and said it may go out of business.
EM
NASDAQ · EMBK
Embark Technology, Inc.
Technology · Software - Application
$2.88
Up+$0.01 (+0.35%)
Updated Oct 9, 2026, 7:09 PM
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- Market cap
- 70.2M
- P/E ratio
- -1.22
- Dividend yield
- 0.00%
- 52-week range
- — – —
- Volume
- 129.7K
- Avg. volume
- 250.36K
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Overview
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Company profile
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. The company was incorporated in 2016 and is headquartered in San Francisco, California.
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| Date | Firm | Rating | Target |
|---|---|---|---|
| Mar 7, 2023 | Baird | Neutral | — |
| Mar 6, 2023 | Vertical Research | Hold | — |
| May 11, 2022 | Citigroup | Buy | — |
| Apr 26, 2022 | Vertical Research | Buy | — |
| Jan 11, 2022 | Keybanc | Sector Weight | — |
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GlobeNewswire Inc. · Jan 27, 2023
Embark Trucks Appoints Simina Simion as First Chief People Officer
Simion brings over fifteen years of experience fostering winning environments at early- and late-stage companies across both public and private sectors Simion brings over fifteen years of experience fostering winning environments at early- and late-stage companies across both public and private sectors
GlobeNewswire Inc. · Nov 8, 2022
Embark Announces Third Quarter 2022 Financial Results
— Embark Coverage Map Expands to Launch Coast-to-Coast Autonomous Trucking Network —
Zacks Investment Research · Aug 19, 2022
Wall Street Analysts Predict a 2118% Upside in Embark Technology, Inc. (EMBK): Here's What You Should Know
The average of price targets set by Wall Street analysts indicates a potential upside of 2118.3% in Embark Technology, Inc. (EMBK). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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