The price-to-earnings ratio for Commercial Vehicle Group Inc (NASDAQ: CVGI) is above average at 2.35x. The 36-month beta value for CVGI is also noteworthy at 2.47. 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.”
The public float for CVGI is 29.76M, and at present, short sellers hold a 1.83% of that float. The average trading volume of CVGI on November 06, 2024 was 177.09K shares.
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CVGI) stock’s latest price update
The stock price of Commercial Vehicle Group Inc (NASDAQ: CVGI) has dropped by -22.08 compared to previous close of 3.08. Despite this, the company has seen a fall of -22.08% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-05 that Commercial Vehicle Group, Inc. (NASDAQ:CVGI ) Q3 2024 Earnings Conference Call November 4, 2024 8:30 AM ET Company Participants James Ray – President & Chief Executive Officer Andy Cheung – Executive Vice President, Chief Financial Officer & Information Technology Conference Call Participants Joe Gomes – Noble Capital John Franzreb – Sidoti Company Gary Prestopino – Barrington Research Steven Martin – Slater Capital Management Operator Good morning, ladies and gentlemen, and welcome to the CVGI Third Quarter 2024 Earnings Conference Call. At this time, all lines are in a listen-only mode.
CVGI’s Market Performance
Commercial Vehicle Group Inc (CVGI) has seen a -22.08% fall in stock performance for the week, with a -23.08% decline in the past month and a -31.23% plunge in the past quarter. The volatility ratio for the week is 8.96%, and the volatility levels for the past 30 days are at 5.58% for CVGI. The simple moving average for the past 20 days is -20.91% for CVGI’s stock, with a -51.99% simple moving average for the past 200 days.
Analysts’ Opinion of CVGI
Many brokerage firms have already submitted their reports for CVGI stocks, with Noble Capital Markets repeating the rating for CVGI by listing it as a “Outperform.” The predicted price for CVGI in the upcoming period, according to Noble Capital Markets is $10 based on the research report published on December 01, 2022 of the previous year 2022.
Colliers Securities, on the other hand, stated in their research note that they expect to see CVGI reach a price target of $6.50. The rating they have provided for CVGI stocks is “Buy” according to the report published on August 11th, 2020.
Barrington Research gave a rating of “Outperform” to CVGI, setting the target price at $8.50 in the report published on September 18th of the previous year.
CVGI Trading at -25.01% from the 50-Day Moving Average
After a stumble in the market that brought CVGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -67.30% of loss for the given period.
Volatility was left at 5.58%, however, over the last 30 days, the volatility rate increased by 8.96%, as shares sank -20.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -35.66% lower at present.
During the last 5 trading sessions, CVGI fell by -22.08%, which changed the moving average for the period of 200-days by -63.25% in comparison to the 20-day moving average, which settled at $3.03. In addition, Commercial Vehicle Group Inc saw -65.76% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CVGI
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.12 for the gross margin
The net margin for Commercial Vehicle Group Inc stands at 0.04. The total capital return value is set at 0.06. Equity return is now at value 14.57, with 4.79 for asset returns.
Based on Commercial Vehicle Group Inc (CVGI), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is 2.1.
Currently, EBITDA for the company is 73.31 million with net debt to EBITDA at 2.83. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. The receivables turnover for the company is 6.73for trailing twelve months and the total asset turnover is 1.73. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.31.
Conclusion
In summary, Commercial Vehicle Group Inc (CVGI) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
