In the last trading session, 1.22 million shares of the Vision Marine Technologies Inc (NASDAQ:VMAR) were traded, and its beta was -0.10. Most recently the company’s share price was $1.91, and it changed around $0.08 or 4.37% from the last close, which brings the market valuation of the company to $6.98M. VMAR currently trades at a discount to its 52-week high of $136.35, offering almost -7038.74% off that amount. The share price’s 52-week low was $1.30, which indicates that the current value has risen by an impressive 31.94% since then. We note from Vision Marine Technologies Inc’s average daily trading volume that its 10-day average is 26.12 million shares, with the 3-month average coming to 5.02 million.
Vision Marine Technologies Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended VMAR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Vision Marine Technologies Inc is expected to report earnings per share of -33.75 for the current quarter.
Vision Marine Technologies Inc (NASDAQ:VMAR) trade information
Instantly VMAR has showed a green trend with a performance of 4.37% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.5500 on recent trading dayincreased the stock’s daily price by 25.1%. The company’s shares are currently up 20.13% year-to-date, but still down -11.16% over the last five days. On the other hand, Vision Marine Technologies Inc (NASDAQ:VMAR) is 29.93% up in the 30-day period. We can see from the shorts that 37263.0 shares have been sold at a short interest cover period of 0.03 day(s).
Vision Marine Technologies Inc (VMAR) estimates and forecasts
Vision Marine Technologies Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -97.08 percent over the past six months and at a 21.34% annual growth rate that is well above the industry average of -1.10%. The year-over-year growth rate is expected to be 116.11%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 1.4M in revenue for the current quarter. 1 analysts expect Vision Marine Technologies Inc to make 2.3M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 728.61k and 637.62k respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 92.15%. Forecasts for the next quarter put sales growth at 260.72%.
VMAR Dividends
Vision Marine Technologies Inc’s next quarterly earnings report is expected to be released in February.
Vision Marine Technologies Inc (NASDAQ:VMAR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.60% of Vision Marine Technologies Inc shares, and 2.53% of them are in the hands of institutional investors. The stock currently has a share float of 2.65%. Vision Marine Technologies Inc stock is held by 13.0 institutions, with FEDERATION DES CAISSES DESJARDINS DU QUEBEC being the largest institutional investor. By 2024-06-30, it held 9.962% of the shares, which is about 1.17 million shares worth $0.82 million.
FIL LTD, with 3.1652% or 0.37 million shares worth $0.26 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
The former held 4.0 shares worth $7.0, making up 0.00% of all outstanding shares.
