Why Should We Buy Fresh Vine Wine Inc (VINE) Stock?

Fresh Vine Wine Inc (AMEX:VINE) has a beta value of 2.27 and has seen 0.76 million shares traded in the recent trading session. The company, currently valued at $12.95M, closed the recent trade at $0.81 per share which meant it lost -$0.17 on the day or -17.25% during that session. The VINE stock price is -30.86% off its 52-week high price of $1.06 and 69.14% above the 52-week low of $0.25. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.26 million shares traded. The 3-month trading volume is 293.59K shares.

Fresh Vine Wine Inc (AMEX:VINE) trade information

Sporting -17.25% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VINE stock price touched $0.81 or saw a rise of 22.12%. Year-to-date, Fresh Vine Wine Inc shares have moved -10.97%, while the 5-day performance has seen it change 6.31%. Over the past 30 days, the shares of Fresh Vine Wine Inc (AMEX:VINE) have changed 47.16%. Short interest in the company has seen 0.26 million shares shorted with days to cover at 0.78.

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Fresh Vine Wine Inc (VINE) estimates and forecasts

The company’s shares have gained 40.99% 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 -114.73% over the past 5 years.

VINE Dividends

Fresh Vine Wine Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Fresh Vine Wine Inc (AMEX:VINE)’s Major holders

Insiders own 36.52% of the company shares, while shares held by institutions stand at 0.82% with a share float percentage of 1.30%. Investors are also buoyed by the number of investors in a company, with Fresh Vine Wine Inc having a total of 11.0 institutions that hold shares in the company. The top two institutional holders are GEODE CAPITAL MANAGEMENT, LLC with over 47738.0 shares worth more than $29186.0. As of 2024-06-30, GEODE CAPITAL MANAGEMENT, LLC held 0.2988% of shares outstanding.

The other major institutional holder is NEWBRIDGE FINANCIAL SERVICES GROUP, INC., with the holding of over 43134.0 shares as of 2024-06-30. The firm’s total holdings are worth over $26372.0 and represent 0.27% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Fidelity Extended Market Index Fund and Fidelity Series Total Market Index Fund. As of Aug 31, 2024, the former fund manager holds about 0.26% shares in the company for having 41.07 shares of worth $33733.0 while later fund manager owns 5.54 shares of worth $4553.0 as of Aug 31, 2024, which makes it owner of about 0.03% of company’s outstanding stock.