Vivakor Inc (NASDAQ: VIVK)’s stock price has gone rise by 9.18 in comparison to its previous close of 0.98, however, the company has experienced a 18.89% increase in its stock price over the last five trading days. Proactive Investors reported 2024-03-25 that Vivakor Inc (NASDAQ:VIVK) announced that it has signed a definitive Membership Interest Purchase Agreement to acquire a group of assets from Jorgan Development for $120 million in stock. The company said it will acquire Endeavor Crude, Meridian Equipment Leasing, including its subsidiary CPE MidCon, Equipment Transport, and Silver Fuels Processing, known collectively as the Endeavor Entities.
Is It Worth Investing in Vivakor Inc (NASDAQ: VIVK) Right Now?
Company’s 36-month beta value is 0.52.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for VIVK is 11.68M, and currently, short sellers hold a 2.50% ratio of that floaft. The average trading volume of VIVK on April 22, 2024 was 134.37K shares.
VIVK’s Market Performance
The stock of Vivakor Inc (VIVK) has seen a 18.89% increase in the past week, with a 24.71% rise in the past month, and a 8.08% gain in the past quarter. The volatility ratio for the week is 19.35%, and the volatility levels for the past 30 days are at 13.33% for VIVK. The simple moving average for the past 20 days is 28.56% for VIVK’s stock, with a 11.81% simple moving average for the past 200 days.
VIVK Trading at 22.83% from the 50-Day Moving Average
After a stumble in the market that brought VIVK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.70% of loss for the given period.
Volatility was left at 13.33%, however, over the last 30 days, the volatility rate increased by 19.35%, as shares surge +18.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.67% upper at present.
During the last 5 trading sessions, VIVK rose by +18.89%, which changed the moving average for the period of 200-days by -0.93% in comparison to the 20-day moving average, which settled at $0.8408. In addition, Vivakor Inc saw 2.30% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for VIVK
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.1 for the gross margin
The net margin for Vivakor Inc stands at -0.31. The total capital return value is set at -0.11. Equity return is now at value -59.58, with -14.55 for asset returns.
Based on Vivakor Inc (VIVK), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.04. The debt to equity ratio resting at 2.95. The interest coverage ratio of the stock is -1.88.
Currently, EBITDA for the company is -7.33 million with net debt to EBITDA at -8.91. When we switch over and look at the enterprise to sales, we see a ratio of 1.1. The receivables turnover for the company is 15.42for trailing twelve months and the total asset turnover is 0.81. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.13.
Conclusion
In a nutshell, Vivakor Inc (VIVK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
