On Tuesday, Vicinity Motor Corp (NASDAQ: VEV) opened lower -2.88% from the last session, before settling in for the closing price of $0.05. Price fluctuations for VEV have ranged from $0.04 to $0.96 over the past 52 weeks.
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Consumer Cyclical Sector giant saw their annual sales surged by 0.20% over the last five years. Company’s average yearly earnings per share was noted 16.67% at the time writing. With a float of $45.83 million, this company’s outstanding shares have now reached $50.48 million.
The firm has a total of 57 workers. Let’s measure their productivity. In terms of profitability, gross margin is 11.51%, operating margin of -30.34%, and the pretax margin is -61.09%.
Vicinity Motor Corp (VEV) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Auto Manufacturers industry is another important factor to consider. The insider ownership of Vicinity Motor Corp is 9.21%, while institutional ownership is 0.94%.
Vicinity Motor Corp (VEV) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted -0.02 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.06) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.67% per share during the next fiscal year.
Vicinity Motor Corp (NASDAQ: VEV) Trading Performance Indicators
Check out the current performance indicators for Vicinity Motor Corp (VEV). In the past quarter, the stock posted a quick ratio of 0.33. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.09.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Vicinity Motor Corp (VEV)
Analysing the last 5-days average volume posted by the [Vicinity Motor Corp, VEV], we can find that recorded value of 19.33 million was better than the volume posted last year of 3.6 million. As of the previous 9 days, the stock’s Stochastic %D was 9.02%. Additionally, its Average True Range was 0.02.
During the past 100 days, Vicinity Motor Corp’s (VEV) raw stochastic average was set at 0.86%, which indicates a significant decrease from 5.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 220.93% in the past 14 days, which was lower than the 274.04% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1313, while its 200-day Moving Average is $0.5458. Now, the first resistance to watch is $0.0549. This is followed by the second major resistance level at $0.0594. The third major resistance level sits at $0.0622. If the price goes on to break the first support level at $0.0476, it is likely to go to the next support level at $0.0448. Now, if the price goes above the second support level, the third support stands at $0.0403.
Vicinity Motor Corp (NASDAQ: VEV) Key Stats
There are currently 45,668K shares outstanding in the company with a market cap of 2.55 million. Presently, the company’s annual sales total 19,050 K according to its annual income of -16,630 K. Last quarter, the company’s sales amounted to 13,230 K and its income totaled -3,720 K.
