Vicinity Motor Corp (NASDAQ:VEV) At $0.17: So What?

Best AI Stocks

In last trading session, Vicinity Motor Corp (NASDAQ:VEV) saw 4.34 million shares changing hands with its beta currently measuring 0.96. Company’s recent per share price level of $0.17 trading at -$0.01 or -7.16% at ring of the bell on the day assigns it a market valuation of $8.58M. That closing price of VEV’s stock is at a discount of -623.53% from its 52-week high price of $1.23 and is indicating a premium of 41.18% from its 52-week low price of $0.10. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 35.92 million shares which gives us an average trading volume of 7.77 million if we extend that period to 3-months.

Vicinity Motor Corp (NASDAQ:VEV) trade information

Upright in the red during last session for losing -7.16%, in the last five days VEV remained trading in the red while hitting it’s week-highest on Tuesday, 08/13/24 when the stock touched $0.17 price level, adding 37.8% to its value on the day. Vicinity Motor Corp’s shares saw a change of -79.26% in year-to-date performance and have moved -43.80% in past 5-day. Vicinity Motor Corp (NASDAQ:VEV) showed a performance of -71.46% in past 30-days. Number of shares sold short was 0.16 million shares which calculate 0.03 days to cover the short interests.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Vicinity Motor Corp (VEV) estimates and forecasts

This year revenue growth is estimated to rise 176.30% from the last financial year’s standing.

1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 16.37M for the same. And 1 analysts are in estimates of company making revenue of 7.7M in the next quarter. Company posted 4.82M and 6.49M of sales in current and next quarters respectively a year earlier.

Vicinity Motor Corp (NASDAQ:VEV)’s Major holders

Insiders are in possession of 9.21% of company’s total shares while institution are holding 0.29 percent of that, with stock having share float percentage of 0.32%. Investors also watch the number of corporate investors in a company very closely, which is 0.29% institutions for Vicinity Motor Corp that are currently holding shares of the company. GEODE CAPITAL MANAGEMENT, LLC is the top institutional holder at VEV for having 64732.0 shares of worth $49131.0. And as of 2024-03-31, it was holding 0.1417 of the company’s outstanding shares.

The second largest institutional holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC, which was holding about 46158.0 shares on 2024-03-31. The number of shares represents firm’s hold over 0.1011 of outstanding shares, having a total worth of $45696.0.