The Future Belongs To Vision Marine Technologies Inc (NASDAQ: VMAR) For Risk-Tolerant Investors

During the last session, Vision Marine Technologies Inc (NASDAQ:VMAR)’s traded shares were 0.77 million, with the beta value of the company hitting -0.15. At the end of the trading day, the stock’s price was $1.45, reflecting an intraday loss of -15.20% or -$0.26. The 52-week high for the VMAR share is $187.65, that puts it down -12841.38 from that peak though still a striking -6.21% loss since the share price plummeted to a 52-week low of $1.54. The company’s market capitalization is $1.31M, and the average intraday trading volume over the past 10 days was 1.09 million shares, and the average trade volume was 790.79K shares over the past three months.

Vision Marine Technologies Inc (NASDAQ:VMAR) trade information

Vision Marine Technologies Inc (VMAR) registered a -15.20% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -15.20% in intraday trading to $1.45, hitting a weekly high. The stock’s 5-day price performance is -15.70%, and it has moved by -49.12% in 30 days. Based on these gigs, the overall price performance for the year is -99.22%. The short interest in Vision Marine Technologies Inc (NASDAQ:VMAR) is 37263.0 shares and it means that shorts have 0.03 day(s) to cover.

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Vision Marine Technologies Inc (VMAR) estimates and forecasts

Statistics show that Vision Marine Technologies Inc has outperformed its competitors in share price, compared to the industry in which it operates. Vision Marine Technologies Inc (VMAR) shares have gone down -98.10% during the last six months, with a year-to-date growth rate more than the industry average at 21.34% against -0.10. In the rating firms’ projections, revenue will increase 116.11% 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 1.5M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 1.4M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 986.39k and 728.61k respectively. In this case, analysts expect current quarter sales to grow by 52.07% and then jump by 92.15% in the coming quarter.

VMAR Dividends

Vision Marine Technologies 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.

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

Vision Marine Technologies Inc insiders own 4.60% of total outstanding shares while institutional holders control 2.53%, with the float percentage being 2.65%. FEDERATION DES CAISSES DESJARDINS DU QUEBEC is the largest shareholder of the company, while 13.0 institutions own stock in it. As of 2024-06-30, the company held over 1.17 million shares (or 9.962% of all shares), a total value of $0.82 million in shares.

The next largest institutional holding, with 0.37 million shares, is of FIL LTD’s that is approximately 3.1652% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.26 million.