During the last session, Vroom Inc. (NASDAQ:VRM)’s traded shares were 1.67 million. At the end of the trading day, the stock’s price was $0.75, reflecting an intraday loss of -0.46% or -$0.01. The 52-week high for the VRM share is $2.76, that puts it down -268.0 from that peak though still a striking 2.67% gain since the share price plummeted to a 52-week low of $0.73. The company’s market capitalization is $110.15M, and the average intraday trading volume over the past 10 days was 1.21 million shares, and the average trade volume was 1.64 million shares over the past three months.
Vroom Inc. (VRM) received a consensus recommendation of a Hold from analysts. That translates to a mean rating of 2.90. VRM has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 7 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.57.
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Vroom Inc. (NASDAQ:VRM) trade information
Vroom Inc. (VRM) registered a -0.46% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.46% in intraday trading to $0.75 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -5.63%, and it has moved by -8.01% in 30 days. Based on these gigs, the overall price performance for the year is -41.08%. The short interest in Vroom Inc. (NASDAQ:VRM) is 20.79 million shares and it means that shorts have 20.6 day(s) to cover.
The consensus price target of analysts on Wall Street is $1.11, which implies an increase of 32.43% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.00 and $1.30 respectively. As a result, VRM is trading at a discount of -73.33% off the target high and -33.33% off the low.
Vroom Inc. (VRM) estimates and forecasts
Statistics show that Vroom Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Vroom Inc. (VRM) shares have gone down -34.70% during the last six months, with a year-to-date growth rate more than the industry average at 34.88% against 11.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to grow 21.90% this quarter and then jump 17.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -51.50% compared to the previous financial year.
Revenue for the current quarter is expected to be $225.57 million as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $255.19 million by the end of Sep 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $475.44 million and $449.35 million respectively. In this case, analysts expect current quarter sales to shrink by -52.60% and then drop by -43.20% in the coming quarter.
While earnings are projected to return -20.50% in 2023.
Vroom Inc. is due to release its next quarterly earnings between August 07 and August 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Vroom Inc. (NASDAQ:VRM)’s Major holders
Vroom Inc. insiders own 6.49% of total outstanding shares while institutional holders control 28.32%, with the float percentage being 30.29%. Vanguard Group, Inc. (The) is the largest shareholder of the company, while 121 institutions own stock in it. As of Mar 30, 2023, the company held over 6.27 million shares (or 4.52% of all shares), a total value of $5.63 million in shares.
The next largest institutional holding, with 3.78 million shares, is of Nisa Investment Advisors, L.L.C.’s that is approximately 2.72% of outstanding shares. At the market price on Mar 30, 2023, these shares were valued at $3.39 million.
Also, the Mutual Funds coming in first place with the largest holdings of Vroom Inc. (VRM) shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco FTSE RAFI US 1500 Small-Mid ETF. Data provided on Dec 30, 2022 indicates that Vanguard Total Stock Market Index Fund owns about 4.33 million shares. This amounts to just over 3.13 percent of the company’s overall shares, with a $4.42 million market value. The same data shows that the other fund manager holds slightly less at 1.79 million, or about 1.29% of the stock, which is worth about $1.61 million.