Vicinity Motor Corp (NASDAQ: VEV): The Stock To Bet On For Economic Progress In The Months Ahead

In the last trading session, 1.13 million shares of the Vicinity Motor Corp (NASDAQ:VEV) were traded, and its beta was 0.85. Most recently the company’s share price was $0.16, and it changed around $0.0 or -3.48% from the last close, which brings the market valuation of the company to $7.84M. 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 38.55 million shares, with the 3-month average coming to 8.54 million.

Vicinity Motor Corp (NASDAQ:VEV) trade information

Instantly VEV has showed a red trend with a performance of -3.48% 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 -81.03% year-to-date, but still up 10.06% over the last five days. On the other hand, Vicinity Motor Corp (NASDAQ:VEV) is -59.18% 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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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 $10059.0, making up 0.13% of all outstanding shares.