In the latest trading session, 0.48 million Vicinity Motor Corp (NASDAQ:VEV) shares changed hands as the company’s beta touched 0.83. With the company’s most recent per share price at $0.14 changing hands around $0.0 or 3.32% at last look, the market valuation stands at $7.07M. VEV’s current price is a discount, trading about -600.0% off its 52-week high of $0.98. The share price had its 52-week low at $0.09, which suggests the last value was 35.71% up since then. When we look at Vicinity Motor Corp’s average trading volume, we note the 10-day average is 0.67 million shares, with the 3-month average coming to 8.64 million.
Vicinity Motor Corp (NASDAQ:VEV) trade information
Instantly VEV is in green as seen in intraday trades today. With action -6.98%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -82.91%, with the 5-day performance at -6.98% in the red. However, in the 30-day time frame, Vicinity Motor Corp (NASDAQ:VEV) is -1.27% down. Looking at the short shares, we see there were 0.63 million shares sold at short interest cover period of 0.04 days.
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Vicinity Motor Corp (VEV) estimates and forecasts
Year-over-year growth is forecast to reach 159.00% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 16.37M. 1 analysts are of the opinion that Vicinity Motor Corp’s revenue for the current quarter will be 7.15M. The company’s revenue for the corresponding quarters a year ago was 4.82M and 6.49M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 239.90%. The estimates for the next quarter sales put growth at 10.20%.
The 2024 estimates are for Vicinity Motor Corp earnings to increase by 16.06%.
VEV Dividends
Vicinity Motor Corp is expected to release its next quarterly earnings report on 2024-May-14.
Vicinity Motor Corp (NASDAQ:VEV)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.21% of Vicinity Motor Corp shares while 0.29% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 0.32%. There are 0.29% institutions holding the Vicinity Motor Corp stock share, with GEODE CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 0.1417% of the shares, roughly 64732.0 VEV shares worth $33725.0.
FEDERATION DES CAISSES DESJARDINS DU QUEBEC holds the second largest percentage of outstanding shares, with 0.0945% or 43159.0 shares worth $24592.0 as of 2024-06-30.
