The stock of Twin Vee PowerCats Co (NASDAQ: VEEE) has increased by 18.60 when compared to last closing price of 0.45.Despite this, the company has seen a gain of 40.45% in its stock price over the last five trading days. businesswire.com reported 2024-08-15 that NEW ORLEANS–(BUSINESS WIRE)–Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.
Is It Worth Investing in Twin Vee PowerCats Co (NASDAQ: VEEE) Right Now?
Additionally, the 36-month beta value for VEEE is 1.15. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VEEE is 6.21M and currently, short sellers hold a 0.58% ratio of that float. The average trading volume of VEEE on September 16, 2024 was 86.46K shares.
VEEE’s Market Performance
VEEE stock saw an increase of 40.45% in the past week, with a monthly gain of 28.70% and a quarterly increase of -36.02%. The volatility ratio for the week is 16.31%, and the volatility levels for the last 30 days are 12.04% for Twin Vee PowerCats Co (VEEE). The simple moving average for the past 20 days is 32.13% for VEEE’s stock, with a -41.60% simple moving average for the past 200 days.
VEEE Trading at 10.58% from the 50-Day Moving Average
After a stumble in the market that brought VEEE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.85% of loss for the given period.
Volatility was left at 12.04%, however, over the last 30 days, the volatility rate increased by 16.31%, as shares surge +36.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.70% upper at present.
During the last 5 trading sessions, VEEE rose by +40.45%, which changed the moving average for the period of 200-days by -59.57% in comparison to the 20-day moving average, which settled at $0.4111. In addition, Twin Vee PowerCats Co saw -62.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VEEE starting from VISCONTI JOSEPH C, who purchase 40,785 shares at the price of $0.40 back on Sep 11 ’24. After this action, VISCONTI JOSEPH C now owns 2,368,929 shares of Twin Vee PowerCats Co, valued at $16,122 using the latest closing price.
Zimmer Karl J, the President of Twin Vee PowerCats Co, purchase 50,000 shares at $0.43 during a trade that took place back on Sep 11 ’24, which means that Zimmer Karl J is holding 50,000 shares at $21,270 based on the most recent closing price.
Stock Fundamentals for VEEE
Current profitability levels for the company are sitting at:
- -0.46 for the present operating margin
- 0.13 for the gross margin
The net margin for Twin Vee PowerCats Co stands at -0.38. The total capital return value is set at -0.41. Equity return is now at value -39.76, with -23.50 for asset returns.
Based on Twin Vee PowerCats Co (VEEE), the company’s capital structure generated 0.06 points at debt to capital in total, while cash flow to debt ratio is standing at -4.92. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is -52.73.
Currently, EBITDA for the company is -10.63 million with net debt to EBITDA at 0.95. When we switch over and look at the enterprise to sales, we see a ratio of -0.2. The receivables turnover for the company is 225.62for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.29.
Conclusion
In conclusion, Twin Vee PowerCats Co (VEEE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
