The stock of VOXX International Corp (NASDAQ: VOXX) has increased by 15.56 when compared to last closing price of 6.17.Despite this, the company has seen a gain of 11.06% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-13 that Last week, VOXX International reported another set of weak quarterly results with both the Automotive and the Consumer Electronics business suffering substantial sales declines. Recent divestments have reduced net debt from more than $50 million at the end of Q2 to below $15 million as of last week. Management made clear that the company is indeed up for sale as part of a strategic review initiated in August.
Is It Worth Investing in VOXX International Corp (NASDAQ: VOXX) Right Now?
Additionally, the 36-month beta value for VOXX is 1.26. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VOXX is 9.38M and currently, short sellers hold a 12.60% ratio of that float. The average trading volume of VOXX on October 14, 2024 was 2.80M shares.
VOXX’s Market Performance
VOXX stock saw an increase of 11.06% in the past week, with a monthly gain of 22.51% and a quarterly increase of 161.17%. The volatility ratio for the week is 7.26%, and the volatility levels for the last 30 days are 6.11% for VOXX International Corp (VOXX). The simple moving average for the past 20 days is 13.89% for VOXX’s stock, with a 19.11% simple moving average for the past 200 days.
Analysts’ Opinion of VOXX
Many brokerage firms have already submitted their reports for VOXX stocks, with Imperial Capital repeating the rating for VOXX by listing it as a “In-line.” The predicted price for VOXX in the upcoming period, according to Imperial Capital is $10 based on the research report published on October 13, 2022 of the previous year 2022.
Imperial Capital, on the other hand, stated in their research note that they expect to see VOXX reach a price target of $15. The rating they have provided for VOXX stocks is “Outperform” according to the report published on November 04th, 2021.
DA Davidson gave a rating of “Buy” to VOXX, setting the target price at $21 in the report published on June 30th of the previous year.
VOXX Trading at 46.65% from the 50-Day Moving Average
After a stumble in the market that brought VOXX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -39.27% of loss for the given period.
Volatility was left at 6.11%, however, over the last 30 days, the volatility rate increased by 7.26%, as shares surge +20.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +186.35% upper at present.
During the last 5 trading sessions, VOXX rose by +11.06%, which changed the moving average for the period of 200-days by -34.71% in comparison to the 20-day moving average, which settled at $6.26. In addition, VOXX International Corp saw -33.24% 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 VOXX starting from GENTEX CORP, who purchase 3,152,500 shares at the price of $5.00 back on Aug 23 ’24. After this action, GENTEX CORP now owns 6,463,808 shares of VOXX International Corp, valued at $15,762,500 using the latest closing price.
Kahli Beat, the Director of VOXX International Corp, sale 3,132,500 shares at $5.00 during a trade that took place back on Aug 23 ’24, which means that Kahli Beat is holding 0 shares at $15,662,500 based on the most recent closing price.
Stock Fundamentals for VOXX
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.23 for the gross margin
The net margin for VOXX International Corp stands at -0.06. The total capital return value is set at -0.08. Equity return is now at value -8.43, with -5.67 for asset returns.
Based on VOXX International Corp (VOXX), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.2. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -6.36.
Currently, EBITDA for the company is -15.08 million with net debt to EBITDA at -3.55. When we switch over and look at the enterprise to sales, we see a ratio of 0.5. The receivables turnover for the company is 6.65for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.10.
Conclusion
In conclusion, VOXX International Corp (VOXX) has seen mixed performance in recent times. Analysts have a mixed 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.
