Commercial Vehicle Group Inc (NASDAQ:CVGI)’s traded shares stood at 0.35 million during the last session, with the company’s beta value hitting 2.41. At the close of trading, the stock’s price was $2.36, to imply an increase of 2.16% or $0.05 in intraday trading. The CVGI share’s 52-week high remains $7.34, putting it -211.02% down since that peak but still an impressive 10.59% since price per share fell to its 52-week low of $2.11. The company has a valuation of $81.41M, with an average of 0.31 million shares in intraday trading volume over the past 10 days and average of 230.15K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Commercial Vehicle Group Inc (CVGI), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give CVGI a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.07.
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Commercial Vehicle Group Inc (NASDAQ:CVGI) trade information
After registering a 2.16% upside in the last session, Commercial Vehicle Group Inc (CVGI) has traded red over the past five days. The 5-day price performance for the stock is -2.07%, and -13.87% over 30 days. With these gigs, the year-to-date price performance is -66.33%. Short interest in Commercial Vehicle Group Inc (NASDAQ:CVGI) saw shorts transact 0.67 million shares and set a 2.53 days time to cover.
The extremes give us $10 and $10 for target low and target high price respectively. As such, CVGI has been trading -323.73% off suggested target high and -323.73% from its likely low.
Commercial Vehicle Group Inc (CVGI) estimates and forecasts
Looking at statistics comparing Commercial Vehicle Group Inc share performance against respective industry, we note that the company has underperformed competitors. Commercial Vehicle Group Inc (CVGI) shares are -55.97% down over the last 6 months, with its year-to-date growth rate lower than industry average at -87.78% against 8.30%. The rating firms project that company’s revenue will shrink -25.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 158.36M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 169.44M.Earnings reports from the last fiscal year show that sales brought in 223.09M and 232.07M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -29.01% before dropping -26.99% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 1.64% for the past 5-year period. While 2024 is set for a -76.67% return in earnings, projections for the next 5 years are at 22.00% annually.
CVGI Dividends
Commercial Vehicle Group Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Commercial Vehicle Group Inc (NASDAQ:CVGI)’s Major holders
Commercial Vehicle Group Inc insiders hold 7.15% of total outstanding shares, with institutional holders owning 74.39% of the shares at 80.12% float percentage. In total, 74.39% institutions holds shares in the company, led by FORAGER CAPITAL MANAGEMENT, LLC. As of 2024-06-30, the company held over 3.44 million shares (or 10.3159% of shares), all amounting to roughly $16.85 million.
The next major institution holding the largest number of shares is ROYCE & ASSOCIATES LP with 2.43 million shares, or about 7.3042% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $11.93 million.
