Moreover, the 36-month beta value for VEV is 0.81. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for VEV is 45.83M and currently, short sellers hold a 1.37% of that float. On October 08, 2024, VEV’s average trading volume was 9.27M shares.
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VEV) stock’s latest price update
Vicinity Motor Corp (NASDAQ: VEV)’s stock price has dropped by -16.74 in relation to previous closing price of 0.17. Nevertheless, the company has seen a gain of 7.53% in its stock price over the last five trading days. accesswire.com reported 2024-09-25 that VANCOUVER, BC / ACCESSWIRE / September 25, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles today provides an update to its news release dated August 14, 2024 (the “Announcement”) announcing its request for a management cease trade order (the “MCTO”) relating to the late filing of the Company’s interim financial statements, MD&A and applicable CEO and CFO certifications for the six months ended June 30, 2024 (the “Interim Filings”). The Company’s principal regulator, the British Columbia Securities Commission (the “Commission”), granted the MCTO on August 15, 2024, under National Policy 12-203 – Management Cease Trader Orders (“NP 12-203”).
VEV’s Market Performance
Vicinity Motor Corp (VEV) has seen a 7.53% rise in stock performance for the week, with a 16.19% gain in the past month and a -61.04% plunge in the past quarter. The volatility ratio for the week is 10.00%, and the volatility levels for the past 30 days are at 10.83% for VEV. The simple moving average for the past 20 days is 7.60% for VEV’s stock, with a -75.32% simple moving average for the past 200 days.
VEV Trading at -20.95% 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 -85.13% of loss for the given period.
Volatility was left at 10.83%, however, over the last 30 days, the volatility rate increased by 10.00%, as shares surge +13.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -61.73% lower at present.
During the last 5 trading sessions, VEV rose by +7.53%, which changed the moving average for the period of 200-days by -82.34% in comparison to the 20-day moving average, which settled at $0.1363. In addition, Vicinity Motor Corp saw -82.21% 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:
- -0.3 for the present operating margin
- 0.12 for the gross margin
The net margin for Vicinity Motor Corp stands at -0.61. The total capital return value is set at -0.32. Equity return is now at value -66.19, with -26.67 for asset returns.
Based on Vicinity Motor Corp (VEV), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.54. The debt to equity ratio resting at 2.06. The interest coverage ratio of the stock is -1.48.
Currently, EBITDA for the company is -7.97 million with net debt to EBITDA at -5.41. When we switch over and look at the enterprise to sales, we see a ratio of 1.44. The receivables turnover for the company is 3.95for trailing twelve months and the total asset turnover is 0.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
To wrap up, the performance of Vicinity Motor Corp (VEV) has been mixed in recent times. The stock has received a bullish of “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.
