In last trading session, Commercial Vehicle Group Inc (NASDAQ:CVGI) saw 0.68 million shares changing hands with its beta currently measuring 2.41. Company’s recent per share price level of $2.14 trading at -$0.01 or -0.47% at ring of the bell on the day assigns it a market valuation of $73.83M. That closing price of CVGI’s stock is at a discount of -242.99% from its 52-week high price of $7.34 and is indicating a premium of 1.4% from its 52-week low price of $2.11. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.39 million shares which gives us an average trading volume of 263.21K if we extend that period to 3-months.
For Commercial Vehicle Group Inc (CVGI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.07 in the current quarter.
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Commercial Vehicle Group Inc (NASDAQ:CVGI) trade information
Upright in the red during last session for losing -0.47%, in the last five days CVGI remained trading in the red while hitting it’s week-highest on Monday, 12/16/24 when the stock touched $2.14 price level, adding 16.08% to its value on the day. Commercial Vehicle Group Inc’s shares saw a change of -69.47% in year-to-date performance and have moved -15.42% in past 5-day. Commercial Vehicle Group Inc (NASDAQ:CVGI) showed a performance of -10.46% in past 30-days. Number of shares sold short was 0.64 million shares which calculate 2.04 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 78.6% to its current value. Analysts have been projecting 10 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would drop -367.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -367.29% for stock’s current value.
Commercial Vehicle Group Inc (CVGI) estimates and forecasts
Statistics highlight that Commercial Vehicle Group Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -56.68% of value to its shares in past 6 months, showing an annual growth rate of -87.78% while that of industry is 9.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -25.30% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 158.36M for the same. And 2 analysts are in estimates of company making revenue of 169.44M in the next quarter. Company posted 223.09M and 232.07M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 1.64% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -76.67% while estimates for its earnings growth in next 5 years are of 22.00%.
Commercial Vehicle Group Inc (NASDAQ:CVGI)’s Major holders
Insiders are in possession of 7.29% of company’s total shares while institution are holding 74.35 percent of that, with stock having share float percentage of 80.20%. Investors also watch the number of corporate investors in a company very closely, which is 74.35% institutions for Commercial Vehicle Group Inc that are currently holding shares of the company. FORAGER CAPITAL MANAGEMENT, LLC is the top institutional holder at CVGI for having 3.44 million shares of worth $16.85 million. And as of 2024-06-30, it was holding 10.3159 of the company’s outstanding shares.
The second largest institutional holder is ROYCE & ASSOCIATES LP, which was holding about 2.43 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.3042 of outstanding shares, having a total worth of $11.93 million.
