ERD

EROAD FPO NZX [ERD]
EROAD Limited provides electronic on-board units and software as a service to the transport industry in New Zealand, the United States, and Australia. The company offers EROAD platform, which connects drivers, vehicles, assets, and operations to give businesses the real-time visibility they need to stay compliant and safe on the move. It also provides electronic distance recorders, tracking devices, and mobile app that provide various enhanced electronic road user charges, safety features, and fleet tracking. In addition, the company is involved in the provision of sale or rental of hardware, installation, and training and support services. EROAD Limited was incorporated in 2000 and is headquartered in Auckland, New Zealand.
Technology · ASX Small Cap
$0.8300 +1.8%

Updated 3 Sep 2026 · Signals refresh every scan

Appeared in 2 consecutive scansFirst seen: 2026-03-18
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Active Signals

Bullish Signals

  • MACD momentum is picking up steam
  • Bollinger Bands are tightening — volatility is coiling up for a potential breakout
  • Above-average volume (1.6x) on a green day — buyers stepping up
  • Knocking on the door of resistance — if it punches through, things could get interesting
  • Volume-price trend says buyers are quietly accumulating — price hasn't caught up yet
  • Cash positive / operating cashflow positive
  • Low P/S ratio (0.8x)
  • EPS estimates revised upward (+10pts)
  • Near 52-week low (8% of range)
  • Substantial holder(s) ceased (1)
  • CANSLIM I: Institutional ownership (53%)
  • Sentiment is mixed — no strong consensus either way
  • RBA hiking (-3pts)
  • Technical-fundamental alignment: quality + trend

Risk Signals

  • Below the 200-day average — the long-term trend is still working against it
  • Deeply negative margins (-83%)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 39% over the past year
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Recent Catalysts

HIGH Ceasing to be a substantial holder
NONE Capital Change Notice - Issue of shares
NONE Application for quotation of securities - ERD
NONE Ongoing Disclosure Notice - Mark Heine
Announcement tone +3pts

Recent ASX Announcements

2026-09-03 Ceasing to be a substantial holder
2026-08-26 Capital Change Notice - Issue of shares
2026-08-26 Application for quotation of securities - ERD
2026-08-13 Ongoing Disclosure Notice - Mark Heine
2026-08-03 EROAD Appoints New Chief Executive Officer PRICE SENSITIVE

Key Metrics

$153.3M
Market Cap
20K
Avg Volume
1.6x
Vol Ratio
$0.65 — $2.63
52-Week Range
0.1%
Short Interest
N/A
Cash Runway
-63.9%
ROE
-82.5%
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 54%
LLeader vs LaggardlaggardRS: -2
IInstitutional SponsorshippassInst: 53%
MMarket DirectionneutralNeutral

Sector: Technology

96 tickers in this sector

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