Vicinity Motor Corp (NASDAQ:VEV)’s traded shares stood at 1.52 million during the last session, with the company’s beta value hitting 0.86. At the close of trading, the stock’s price was $0.16, to imply a decrease of -3.52% or -$0.01 in intraday trading. The VEV share’s 52-week high remains $1.09, putting it -581.25% down since that peak but still an impressive 37.5% since price per share fell to its 52-week low of $0.10. The company has a valuation of $8.04M, with an average of 40.34 million shares in intraday trading volume over the past 10 days and average of 8.49 million shares over the past 3 months.
Vicinity Motor Corp (NASDAQ:VEV) trade information
After registering a -3.52% downside in the last session, Vicinity Motor Corp (VEV) has traded red over the past five days. The 5-day price performance for the stock is -6.30%, and -56.86% over 30 days. With these gigs, the year-to-date price performance is -80.56%. Short interest in Vicinity Motor Corp (NASDAQ:VEV) saw shorts transact 0.16 million shares and set a 0.03 days time to cover.
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Vicinity Motor Corp (VEV) estimates and forecasts
Revenue is forecast to shrink -100.00% this quarter before jumping 63.60% for the next one. The rating firms project that company’s revenue will grow 176.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 16.37M. Meanwhile, for the current quarter, a total of 1 analyst(s) estimate revenue growth to 7.7M.Earnings reports from the last fiscal year show that sales brought in 4.82M and 6.49M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 239.90% before jumping 18.60% in the following quarter.
VEV Dividends
Vicinity Motor Corp has its next earnings report out in September. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Vicinity Motor Corp (NASDAQ:VEV)’s Major holders
Vicinity Motor Corp insiders hold 9.21% of total outstanding shares, with institutional holders owning 0.29% of the shares at 0.32% float percentage. In total, 0.29% institutions holds shares in the company, led by GEODE CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 64732.0 shares (or 0.1417% of shares), all amounting to roughly $33725.0.
The next major institution holding the largest number of shares is FEDERATION DES CAISSES DESJARDINS DU QUEBEC with 43159.0 shares, or about 0.0945% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $24592.0.
