Is Vision Marine Technologies Inc (NASDAQ: VMAR) Still A Loss Stock Despite Being Up 16.35% YTD?

NOVA

During the last session, Vision Marine Technologies Inc (NASDAQ:VMAR)’s traded shares were 1.06 million, with the beta value of the company hitting -0.05. At the end of the trading day, the stock’s price was $1.85, reflecting an intraday gain of 0.54% or $0.01. The 52-week high for the VMAR share is $136.35, that puts it down -7270.27 from that peak though still a striking 29.73% gain since the share price plummeted to a 52-week low of $1.30. The company’s market capitalization is $6.77M, and the average intraday trading volume over the past 10 days was 26.2 million shares, and the average trade volume was 5.14 million shares over the past three months.

Vision Marine Technologies Inc (NASDAQ:VMAR) trade information

Vision Marine Technologies Inc (VMAR) registered a 0.54% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.54% in intraday trading to $1.85, hitting a weekly high. The stock’s 5-day price performance is 32.14%, and it has moved by 23.33% in 30 days. Based on these gigs, the overall price performance for the year is -98.18%. 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.

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 -96.89% during the last six months, with a year-to-date growth rate more than the industry average at 21.34% against -1.10.

VMAR Dividends

Vision Marine Technologies Inc is due to release its next quarterly earnings in February. 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.