Analyzing the Price-to-Earnings Ratio of Vicinity Motor Corp (VEV)

The 36-month beta value for VEV is also noteworthy at 0.93. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for VEV is 41.02M, and at present, short sellers hold a 0.02% of that float. The average trading volume of VEV on April 04, 2024 was 24.04K shares.

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VEV) stock’s latest price update

The stock price of Vicinity Motor Corp (NASDAQ: VEV) has dropped by -23.99 compared to previous close of 0.93. Despite this, the company has seen a fall of -3.34% in its stock price over the last five trading days. InvestorPlace reported 2024-04-03 that Vicinity Motor (NASDAQ: VEV ) stock is falling on Wednesday following the release of the transit bus manufacturing company’s Q4 2023 earnings report. The bad news for VEV stockholders starts with the company’s earnings per share of -20 cents.

VEV’s Market Performance

Vicinity Motor Corp (VEV) has seen a -3.34% fall in stock performance for the week, with a -10.67% decline in the past month and a -16.87% plunge in the past quarter. The volatility ratio for the week is 11.65%, and the volatility levels for the past 30 days are at 6.26% for VEV. The simple moving average for the past 20 days is -8.42% for VEV’s stock, with a -21.02% simple moving average for the past 200 days.

VEV Trading at -12.14% from the 50-Day Moving Average

After a stumble in the market that brought VEV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.86% of loss for the given period.

Volatility was left at 6.26%, however, over the last 30 days, the volatility rate increased by 11.65%, as shares sank -8.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.97% lower at present.

During the last 5 trading sessions, VEV fell by -3.34%, which changed the moving average for the period of 200-days by -17.79% in comparison to the 20-day moving average, which settled at $0.7674. In addition, Vicinity Motor Corp saw -13.83% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for VEV

Current profitability levels for the company are sitting at:

  • -0.62 for the present operating margin
  • 0.13 for the gross margin

The net margin for Vicinity Motor Corp stands at -0.71. The total capital return value is set at -0.22. Equity return is now at value -57.33, with -25.74 for asset returns.

Based on Vicinity Motor Corp (VEV), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at -0.64. The debt to equity ratio resting at 1.16. The interest coverage ratio of the stock is -2.71.

Currently, EBITDA for the company is -10.07 million with net debt to EBITDA at -2.03. When we switch over and look at the enterprise to sales, we see a ratio of 2.95. The receivables turnover for the company is 2.13for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.93.

Conclusion

In summary, Vicinity Motor Corp (VEV) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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