In the latest trading session, 5.54 million Vision Marine Technologies Inc (NASDAQ:VMAR) shares changed hands as the company’s beta touched -0.12. With the company’s most recent per share price at $1.52 changed hands at -$0.03 or -1.93% at last look, the market valuation stands at $2.38M. VMAR’s current price is a discount, trading about -10557.89% off its 52-week high of $162.00. The share price had its 52-week low at $1.30, which suggests the last value was 14.47% up since then. When we look at Vision Marine Technologies Inc’s average trading volume, we note the 10-day average is 0.39 million shares, with the 3-month average coming to 746.66K.
Vision Marine Technologies Inc (NASDAQ:VMAR) trade information
Instantly VMAR was in red as seen in intraday trades today. With action 4.12%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -98.97%, with the 5-day performance at 4.12% in the green. However, in the 30-day time frame, Vision Marine Technologies Inc (NASDAQ:VMAR) is -43.70% down. Looking at the short shares, we see there were 37263.0 shares sold at short interest cover period of 0.03 days.
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Vision Marine Technologies Inc (VMAR) estimates and forecasts
Data shows that the Vision Marine Technologies Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -97.86% over the past 6 months, a 21.34% in annual growth rate that is considerably higher than the industry average of -0.20%. Year-over-year growth is forecast to reach 116.11% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1.5M. 1 analysts are of the opinion that Vision Marine Technologies Inc’s revenue for the current quarter will be 1.4M. The company’s revenue for the corresponding quarters a year ago was 986.39k and 728.61k respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 52.07%. The estimates for the next quarter sales put growth at 92.15%.
VMAR Dividends
Vision Marine Technologies Inc is expected to release its next quarterly earnings report in January.
Vision Marine Technologies Inc (NASDAQ:VMAR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.60% of Vision Marine Technologies Inc shares while 2.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 2.65%. There are 2.53% institutions holding the Vision Marine Technologies Inc stock share, with FEDERATION DES CAISSES DESJARDINS DU QUEBEC the top institutional holder. As of 2024-06-30, the company held 9.962% of the shares, roughly 1.17 million VMAR shares worth $0.82 million.
FIL LTD holds the second largest percentage of outstanding shares, with 3.1652% or 0.37 million shares worth $0.26 million as of 2024-06-30.
