The stock of Vicinity Motor Corp (VEV) has gone down by -33.09% for the week, with a -11.29% drop in the past month and a -81.70% drop in the past quarter. The volatility ratio for the week is 8.67%, and the volatility levels for the past 30 days are 11.47% for VEV. The simple moving average for the past 20 days is -13.60% for VEV’s stock, with a -79.57% simple moving average for the past 200 days.
Is It Worth Investing in Vicinity Motor Corp (NASDAQ: VEV) Right Now?
The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for VEV is 45.83M, and at present, short sellers hold a 0.64% of that float. On October 14, 2024, the average trading volume of VEV was 9.36M shares.
VEV) stock’s latest price update
Vicinity Motor Corp (NASDAQ: VEV)’s stock price has dropped by -6.24 in relation to previous closing price of 0.12. Nevertheless, the company has seen a loss of -33.09% in its stock price over the last five trading days. accesswire.com reported 2024-10-11 that VANCOUVER, BC / ACCESSWIRE / October 11, 2024 / Vicinity Motor Corp. (NASDAQ:VEV)(TSXV:VMC) (“Vicinity” or the “Company”), a North American supplier of commercial electric vehicles, today announced that it has not been successful renegotiating terms with Royal Bank of Canada (“RBC”) or Export Development Canada (“EDC” and together with RBC, the “Creditors”). As disclosed in the Company’s publicly filed interim financial statements for the three months ended March 31, 2024, the credit facilities were set be renewed on a yearly basis, at the discretion of the Creditors, on July 16, 2024.
VEV Trading at -26.15% 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 -88.05% of loss for the given period.
Volatility was left at 11.47%, however, over the last 30 days, the volatility rate increased by 8.67%, as shares sank -11.42% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -68.96% lower at present.
During the last 5 trading sessions, VEV fell by -33.09%, which changed the moving average for the period of 200-days by -85.52% in comparison to the 20-day moving average, which settled at $0.1355. In addition, Vicinity Motor Corp saw -85.70% 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 1.39. 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 sum up, Vicinity Motor Corp (VEV) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
