In the last trading session, 1.34 million shares of the Vision Marine Technologies Inc (NASDAQ:VMAR) were traded, and its beta was -0.09. Most recently the company’s share price was $0.50, and it changed around $0.01 or 3.52% from the last close, which brings the market valuation of the company to $2.49M. VMAR currently trades at a discount to its 52-week high of $40.50, offering almost -8000.0% off that amount. The share price’s 52-week low was $0.46, which indicates that the current value has risen by an impressive 8.0% since then. We note from Vision Marine Technologies Inc’s average daily trading volume that its 10-day average is 37989.0 shares, with the 3-month average coming to 921.85K.

Vision Marine Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VMAR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Vision Marine Technologies Inc is expected to report earnings per share of -2.54 for the current quarter.

Vision Marine Technologies Inc (NASDAQ:VMAR) trade information

Instantly VMAR has showed a green trend with a performance of 3.52% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 0.5883 on recent trading dayincreased the stock’s daily price by 15.01%. The company’s shares are currently down -96.92% year-to-date, but still down -12.49% over the last five days. On the other hand, Vision Marine Technologies Inc (NASDAQ:VMAR) is -69.70% 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 0.09 day(s).

Vision Marine Technologies Inc (VMAR) estimates and forecasts

Vision Marine Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -94.84 percent over the past six months and at a 65.50% annual growth rate that is well above the industry average of -8.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 43.90% in revenue this quarter, and will report a decrease of -367.70% in the next quarter. The year-over-year growth rate is expected to be -32.70%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.03M in revenue for the current quarter. 1 analysts expect Vision Marine Technologies Inc to make 1.1M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.56M and 2.16M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -34.00%. Forecasts for the next quarter put sales growth at -49.10%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -146.70%.

VMAR Dividends

Vision Marine Technologies Inc’s next quarterly earnings report is expected to be released in November.

Vision Marine Technologies Inc (NASDAQ:VMAR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 6.53% of Vision Marine Technologies Inc shares, and 10.76% of them are in the hands of institutional investors. The stock currently has a share float of 11.51%. Vision Marine Technologies Inc stock is held by 20.0 institutions, with FEDERATION DES CAISSES DESJARDINS DU QUEBEC being the largest institutional investor. By 2024-06-30, it held 9.962% of the shares, which is about 1.17 million shares worth $0.82 million.

FIL LTD, with 3.1652% or 0.37 million shares worth $0.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.