Will Vision Marine Technologies Inc (VMAR) Future Potential Be Hindered By Price Volatility?

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Vision Marine Technologies Inc (NASDAQ:VMAR) has a beta value of -0.10 and has seen 3.01 million shares traded in the last trading session. The company, currently valued at $2.55M, closed the last trade at $4.64 per share which meant it gained $1.42 on the day or 44.10% during that session. The VMAR stock price is -7755.6% off its 52-week high price of $364.50 and 42.03% above the 52-week low of $2.69. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.45 million shares traded. The 3-month trading volume is 122.25K shares.

Vision Marine Technologies Inc (NASDAQ:VMAR) trade information

Sporting 44.10% 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 VMAR stock price touched $4.64 or saw a rise of 13.27%. Year-to-date, Vision Marine Technologies Inc shares have moved -96.85%, while the 5-day performance has seen it change 2.50%. Over the past 30 days, the shares of Vision Marine Technologies Inc (NASDAQ:VMAR) have changed -33.88%.

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Vision Marine Technologies Inc (VMAR) estimates and forecasts

Figures show that Vision Marine Technologies Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -93.96% over the past 6 months, with this year growth rate of 65.49%, compared to -8.30% for the industry. Revenue growth from the last financial year stood is estimated to be -32.70%.

1 analysts offering their estimates for the company have set an average revenue estimate of 1.02M for the current quarter. 1 have an estimated revenue figure of 1.09M for the next ending quarter. Year-ago sales stood 1.56M and 2.16M respectively for this quarter and the next, and analysts expect sales will shrink by -34.60% for the current quarter and -32.70% for the next.

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 -146.70% over the past 5 years.

VMAR Dividends

Vision Marine Technologies 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.

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

Insiders own 6.53% of the company shares, while shares held by institutions stand at 10.76% with a share float percentage of 11.51%. Investors are also buoyed by the number of investors in a company, with Vision Marine Technologies Inc having a total of 20.0 institutions that hold shares in the company. The top two institutional holders are FEDERATION DES CAISSES DESJARDINS DU QUEBEC with over 1.17 million shares worth more than $0.82 million. As of 2024-06-30, FEDERATION DES CAISSES DESJARDINS DU QUEBEC held 9.962% of shares outstanding.

The other major institutional holder is FIL LTD, with the holding of over 0.37 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.26 million and represent 3.1652% of shares outstanding.