Weak Fundamental Momentum Sinks VOXX International Corp

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VOXX International Corp (NASDAQ:VOXX) has a beta value of 1.18 and has seen 2.09 million shares traded in the last trading session. The company, currently valued at $123.42M, closed the last trade at $5.49 per share which meant it gained $0.62 on the day or 12.73% during that session. The VOXX stock price is -113.84% off its 52-week high price of $11.74 and 58.65% above the 52-week low of $2.27. If we look at the company’s 10-day average daily trading volume, we find that it stood at 16.74 million shares traded. The 3-month trading volume is 2.73 million shares.

VOXX International Corp (NASDAQ:VOXX) trade information

Sporting 12.73% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VOXX stock price touched $5.49 or saw a rise of 4.36%. Year-to-date, VOXX International Corp shares have moved -48.60%, while the 5-day performance has seen it change 88.66%. Over the past 30 days, the shares of VOXX International Corp (NASDAQ:VOXX) have changed 120.48%. Short interest in the company has seen 75883.0 shares shorted with days to cover at 0.46.

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Wall Street analysts have a consensus price target for the stock at $16, which means that the shares’ value could jump 65.69% from current levels. The projected low price target is $16.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -191.44% off the targeted high while a plunge would see the stock gain -191.44% from current levels.

VOXX International Corp (VOXX) estimates and forecasts

The company’s shares have lost -33.21% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 1.62% over the past 5 years.

VOXX Dividends

VOXX International Corp is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

VOXX International Corp (NASDAQ:VOXX)’s Major holders

Insiders own 45.28% of the company shares, while shares held by institutions stand at 41.69% with a share float percentage of 76.18%. Investors are also buoyed by the number of investors in a company, with VOXX International Corp having a total of 85.0 institutions that hold shares in the company. The top two institutional holders are WELL DONE, LLC with over 3.31 million shares worth more than $10.46 million. As of 2024-06-30, WELL DONE, LLC held 14.1337% of shares outstanding.

The other major institutional holder is KAHN BROTHERS GROUP INC, with the holding of over 1.76 million shares as of 2024-06-30. The firm’s total holdings are worth over $5.57 million and represent 7.5195% of shares outstanding.