Vince Holding Corp (VNCE): Why Is The Stock Strong?

Vince Holding Corp (NYSE:VNCE) has a beta value of 1.75 and has seen 0.75 million shares traded in the recent trading session. The company, currently valued at $30.26M, closed the recent trade at $2.40 per share which meant it gained $0.82 on the day or 51.90% during that session. The VNCE stock price is -97.08% off its 52-week high price of $4.73 and 51.67% above the 52-week low of $1.16. If we look at the company’s 10-day average daily trading volume, we find that it stood at 29600.0 shares traded. The 3-month trading volume is 16.04K shares.

The consensus among analysts is that Vince Holding Corp (VNCE) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.09.

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Vince Holding Corp (NYSE:VNCE) trade information

Sporting 51.90% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VNCE stock price touched $2.40 or saw a rise of 4.0%. Year-to-date, Vince Holding Corp shares have moved -30.64%, while the 5-day performance has seen it change 42.01%. Over the past 30 days, the shares of Vince Holding Corp (NYSE:VNCE) have changed 39.53%. Short interest in the company has seen 22054.0 shares shorted with days to cover at 2.39.

Vince Holding Corp (VNCE) estimates and forecasts

Figures show that Vince Holding Corp shares have outperformed across the wider relevant industry. The company’s shares have gained 76.47% over the past 6 months, with this year growth rate of 201.61%, compared to -0.90% for the industry. Revenue growth from the last financial year stood is estimated to be -2.19%.

2 analysts offering their estimates for the company have set an average revenue estimate of 72.98M for the current quarter.

Earnings growth for 2024 is a modest -52.82% while over the next 5 years, the company’s earnings are expected to decrease by -11.00%.

VNCE Dividends

Vince Holding Corp is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Vince Holding Corp (NYSE:VNCE)’s Major holders

Insiders own 5.93% of the company shares, while shares held by institutions stand at 82.81% with a share float percentage of 88.03%. Investors are also buoyed by the number of investors in a company, with Vince Holding Corp having a total of 24.0 institutions that hold shares in the company. The top two institutional holders are FUND 1 INVESTMENTS, LLC with over 1.24 million shares worth more than $1.72 million. As of 2024-06-30, FUND 1 INVESTMENTS, LLC held 9.9378% of shares outstanding.

The other major institutional holder is SHAY CAPITAL LLC, with the holding of over 0.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.21 million and represent 1.2001% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. As of Sep 30, 2024, the former fund manager holds about 0.68% shares in the company for having 85.41 shares of worth $0.21 million while later fund manager owns 45.48 shares of worth $0.11 million as of Sep 30, 2024, which makes it owner of about 0.36% of company’s outstanding stock.