Vicinity Motor Corp (NASDAQ: VEV) on Friday, soared 7.46% from the previous trading day, before settling in for the closing price of $0.06. Within the past 52 weeks, VEV’s price has moved between $0.04 and $0.96.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 0.20%. The company achieved an average annual earnings per share of 16.06%. With a float of $45.83 million, this company’s outstanding shares have now reached $50.48 million.
Let’s determine the extent of company efficiency that accounts for 57 employees. 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) Insider Activity
Observing investor behavior towards Auto Manufacturers industry stocks is more important than anything else. The insider ownership of Vicinity Motor Corp is 9.21%, while institutional ownership is 0.94%.
Vicinity Motor Corp (VEV) Earnings and Forecasts
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.02 earnings per share (EPS) for the period topping the consensus outlook (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 16.06% per share during the next fiscal year.
Vicinity Motor Corp (NASDAQ: VEV) Trading Performance Indicators
Vicinity Motor Corp (VEV) is currently performing well based on its current performance indicators. A quick ratio of 0.33 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.10.
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)
Looking closely at Vicinity Motor Corp (NASDAQ: VEV), its last 5-days average volume was 25.37 million, which is a jump from its year-to-date volume of 3.95 million. As of the previous 9 days, the stock’s Stochastic %D was 28.24%. Additionally, its Average True Range was 0.02.
During the past 100 days, Vicinity Motor Corp’s (VEV) raw stochastic average was set at 2.01%, which indicates a significant decrease from 17.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 220.65% in the past 14 days, which was lower than the 276.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.1236, while its 200-day Moving Average is $0.5329. However, in the short run, Vicinity Motor Corp’s stock first resistance to watch stands at $0.0673. Second resistance stands at $0.0742. The third major resistance level sits at $0.0803. If the price goes on to break the first support level at $0.0543, it is likely to go to the next support level at $0.0482. Should the price break the second support level, the third support level stands at $0.0413.
Vicinity Motor Corp (NASDAQ: VEV) Key Stats
Market capitalization of the company is 3.05 million based on 45,668K outstanding shares. Right now, sales total 19,050 K and income totals -16,630 K. The company made 13,230 K in profit during its latest quarter, and -3,720 K in sales during its previous quarter.
