During the last session, Commercial Vehicle Group Inc (NASDAQ:CVGI)’s traded shares were 0.71 million, with the beta value of the company hitting 2.41. At the end of the trading day, the stock’s price was $2.53, reflecting an intraday gain of 6.30% or $0.15. The 52-week high for the CVGI share is $7.34, that puts it down -190.12 from that peak though still a striking 16.6% gain since the share price plummeted to a 52-week low of $2.11. The company’s market capitalization is $87.28M, and the average intraday trading volume over the past 10 days was 0.35 million shares, and the average trade volume was 244.98K shares over the past three months.
Commercial Vehicle Group Inc (CVGI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. CVGI has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
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Commercial Vehicle Group Inc (NASDAQ:CVGI) trade information
Commercial Vehicle Group Inc (CVGI) registered a 6.30% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 6.30% in intraday trading to $2.53, hitting a weekly high. The stock’s 5-day price performance is 7.20%, and it has moved by -1.94% in 30 days. Based on these gigs, the overall price performance for the year is -61.49%. The short interest in Commercial Vehicle Group Inc (NASDAQ:CVGI) is 0.64 million shares and it means that shorts have 2.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 74.7% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $10 and $10 respectively. As a result, CVGI is trading at a discount of -295.26% off the target high and -295.26% off the low.
Commercial Vehicle Group Inc (CVGI) estimates and forecasts
Statistics show that Commercial Vehicle Group Inc has underperformed its competitors in share price, compared to the industry in which it operates. Commercial Vehicle Group Inc (CVGI) shares have gone down -50.59% during the last six months, with a year-to-date growth rate less than the industry average at -87.78% against 7.80. In the rating firms’ projections, revenue will decrease -25.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 158.36M as predicted by 3 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 169.44M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 223.09M and 232.07M respectively. In this case, analysts expect current quarter sales to shrink by -29.01% and then drop by -26.99% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 1.64%. While earnings are projected to return -76.67% in 2024, the next five years will return 22.00% per annum.
CVGI Dividends
Commercial Vehicle Group Inc is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Commercial Vehicle Group Inc (NASDAQ:CVGI)’s Major holders
Commercial Vehicle Group Inc insiders own 7.15% of total outstanding shares while institutional holders control 74.39%, with the float percentage being 80.12%. FORAGER CAPITAL MANAGEMENT, LLC is the largest shareholder of the company, while 125.0 institutions own stock in it. As of 2024-06-30, the company held over 3.44 million shares (or 10.3159% of all shares), a total value of $16.85 million in shares.
The next largest institutional holding, with 2.43 million shares, is of ROYCE & ASSOCIATES LP’s that is approximately 7.3042% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $11.93 million.
