Vision Marine Technologies Inc (NASDAQ:VMAR) Jumps 5.79%, But Further Rally Could Be Imminent

In last trading session, Vision Marine Technologies Inc (NASDAQ:VMAR) saw 0.59 million shares changing hands with its beta currently measuring -0.12. Company’s recent per share price level of $1.28 trading at $0.07 or 5.79% at ring of the bell on the day assigns it a market valuation of $4.69M. That closing price of VMAR’s stock is at a discount of -10552.34% from its 52-week high price of $136.35 and is indicating a premium of 5.47% from its 52-week low price of $1.21. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.92 million shares which gives us an average trading volume of 5.21 million if we extend that period to 3-months.

Vision Marine Technologies Inc (NASDAQ:VMAR) trade information

Upright in the green during last session for gaining 5.79%, in the last five days VMAR remained trading in the red while hitting it’s week-highest on Monday, 01/27/25 when the stock touched $1.28 price level, adding 18.99% to its value on the day. Vision Marine Technologies Inc’s shares saw a change of -19.50% in year-to-date performance and have moved -17.42% in past 5-day. Vision Marine Technologies Inc (NASDAQ:VMAR) showed a performance of -17.42% in past 30-days. Number of shares sold short was 37263.0 shares which calculate 0.03 days to cover the short interests.

Vision Marine Technologies Inc (VMAR) estimates and forecasts

Statistics highlight that Vision Marine Technologies Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -97.68% of value to its shares in past 6 months, showing an annual growth rate of 21.34% while that of industry is 4.20. Apart from that, the company came raising its revenue forecast for fiscal year 2025.

Vision Marine Technologies Inc (NASDAQ:VMAR)’s Major holders

Insiders are in possession of 4.60% of company’s total shares while institution are holding 2.53 percent of that, with stock having share float percentage of 2.65%. Investors also watch the number of corporate investors in a company very closely, which is 2.53% institutions for Vision Marine Technologies Inc that are currently holding shares of the company. FEDERATION DES CAISSES DESJARDINS DU QUEBEC is the top institutional holder at VMAR for having 1.17 million shares of worth $0.82 million. And as of 2024-06-30, it was holding 9.962 of the company’s outstanding shares.

The second largest institutional holder is FIL LTD, which was holding about 0.37 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.1652 of outstanding shares, having a total worth of $0.26 million.