Vicinity Motor Corp (NASDAQ:VEV) Is Likely To Perform Well Over The Long Term. Lost Nearly -2.76% Last Month.

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In last trading session, Vicinity Motor Corp (NASDAQ:VEV) saw 0.32 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $0.14 trading at $0.0 or 2.27% at ring of the bell on the day assigns it a market valuation of $7.28M. That closing price of VEV’s stock is at a discount of -600.0% from its 52-week high price of $0.98 and is indicating a premium of 35.71% from its 52-week low price of $0.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 8.63 million if we extend that period to 3-months.

Vicinity Motor Corp (NASDAQ:VEV) trade information

Upright in the green during last session for gaining 2.27%, in the last five days VEV remained trading in the green while hitting it’s week-highest on Tuesday, 09/24/24 when the stock touched $0.14 price level, adding 9.5% to its value on the day. Vicinity Motor Corp’s shares saw a change of -82.39% in year-to-date performance and have moved 16.67% in past 5-day. Vicinity Motor Corp (NASDAQ:VEV) showed a performance of -2.76% in past 30-days. Number of shares sold short was 0.63 million shares which calculate 0.04 days to cover the short interests.

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Vicinity Motor Corp (VEV) estimates and forecasts

This year revenue growth is estimated to rise 159.00% 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 7.15M 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 $33725.0. And as of 2024-06-30, 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 43159.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0945 of outstanding shares, having a total worth of $24592.0.