In the last trading session, 1.29 million shares of the Vicinity Motor Corp (NASDAQ:VEV) were traded, and its beta was 0.89. Most recently the company’s share price was $0.16, and it changed around $0.0 or 1.13% from the last close, which brings the market valuation of the company to $8.13M. VEV currently trades at a discount to its 52-week high of $1.09, offering almost -581.25% off that amount. The share price’s 52-week low was $0.10, which indicates that the current value has risen by an impressive 37.5% since then. We note from Vicinity Motor Corp’s average daily trading volume that its 10-day average is 39.28 million shares, with the 3-month average coming to 8.52 million.
Vicinity Motor Corp (NASDAQ:VEV) trade information
Instantly VEV has showed a green trend with a performance of 1.13% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 0.1975 on recent trading dayincreased the stock’s daily price by 18.99%. The company’s shares are currently down -80.34% year-to-date, but still up 14.92% over the last five days. On the other hand, Vicinity Motor Corp (NASDAQ:VEV) is -56.96% down in the 30-day period. We can see from the shorts that 0.16 million shares have been sold at a short interest cover period of 0.03 day(s).
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Vicinity Motor Corp (VEV) estimates and forecasts
Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -100.00% in revenue this quarter, and will report an increase of 63.60% in the next quarter. The year-over-year growth rate is expected to be 159.00%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 16.37M in revenue for the current quarter. 1 analysts expect Vicinity Motor Corp to make 7.15M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.82M and 6.49M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 239.90%. Forecasts for the next quarter put sales growth at 10.20%.
VEV Dividends
Vicinity Motor Corp’s next quarterly earnings report is expected to be released on 2024-Aug-26.
Vicinity Motor Corp (NASDAQ:VEV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 9.21% of Vicinity Motor Corp shares, and 0.29% of them are in the hands of institutional investors. The stock currently has a share float of 0.32%. Vicinity Motor Corp stock is held by 11.0 institutions, with GEODE CAPITAL MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.1417% of the shares, which is about 64732.0 shares worth $33725.0.
FEDERATION DES CAISSES DESJARDINS DU QUEBEC, with 0.0945% or 43159.0 shares worth $24592.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
The former held 64.73 shares worth $10421.0, making up 0.13% of all outstanding shares.
