Twin Vee PowerCats Co (NASDAQ: VEEE) has experienced a rise in its stock price by 26.86 compared to its previous closing price of 0.38. However, the company has seen a gain of 6.86% in its stock price over the last five trading days. accesswire.com reported 2025-01-06 that FORT PIERCE, FL / ACCESSWIRE / January 6, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), (“Twin Vee” or the “Company”), a manufacturer, distributor, and marketer of power sport boats, announced that it would soon start accepting Bitcoin (“BTC”) for purchases of its Twin Vee and AquaSport power sport boats. “Twin Vee has always been about forward-thinking and being at the forefront of both our boat designs and the way we serve our customers,” said Joseph Visconti, CEO of Twin Vee PowerCats Co. “We want to provide our customers with a seamless and modern purchasing experience by integrating Bitcoin into our payment options while also widening the appeal in our boats.
Is It Worth Investing in Twin Vee PowerCats Co (NASDAQ: VEEE) Right Now?
The 36-month beta value for VEEE is also noteworthy at 1.04. 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 VEEE is 10.32M, and at present, short sellers hold a 1.93% of that float. The average trading volume of VEEE on January 20, 2025 was 773.06K shares.
VEEE’s Market Performance
The stock of Twin Vee PowerCats Co (VEEE) has seen a 6.86% increase in the past week, with a 31.35% rise in the past month, and a -2.80% fall in the past quarter. The volatility ratio for the week is 25.59%, and the volatility levels for the past 30 days are at 21.48% for VEEE. The simple moving average for the past 20 days is 16.52% for VEEE’s stock, with a -13.20% simple moving average for the past 200 days.
VEEE Trading at 12.72% 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 -68.53% of loss for the given period.
Volatility was left at 21.48%, however, over the last 30 days, the volatility rate increased by 25.59%, as shares surge +33.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.02% lower at present.
During the last 5 trading sessions, VEEE rose by +6.86%, which changed the moving average for the period of 200-days by -48.24% in comparison to the 20-day moving average, which settled at $0.4171. In addition, Twin Vee PowerCats Co saw -11.64% 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 Zimmer Karl J, who purchase 35,138 shares at the price of $0.45 back on Sep 12 ’24. After this action, Zimmer Karl J now owns 85,138 shares of Twin Vee PowerCats Co, valued at $15,773 using the latest closing price.
Dickerson Michael Patrick, the Chief Financial Officer of Twin Vee PowerCats Co, purchase 50,000 shares at $0.49 during a trade that took place back on Sep 12 ’24, which means that Dickerson Michael Patrick is holding 50,000 shares at $24,500 based on the most recent closing price.
Stock Fundamentals for VEEE
Current profitability levels for the company are sitting at:
- -0.67 for the present operating margin
- 0.06 for the gross margin
The net margin for Twin Vee PowerCats Co stands at -0.48. The total capital return value is set at -0.53. Equity return is now at value -46.10, with -26.80 for asset returns.
Based on Twin Vee PowerCats Co (VEEE), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at -1.24. The debt to equity ratio resting at 0.22. The interest coverage ratio of the stock is -78.17.
Currently, EBITDA for the company is -8.21 million with net debt to EBITDA at 0.65. When we switch over and look at the enterprise to sales, we see a ratio of -0.01. The receivables turnover for the company is 161.72for trailing twelve months and the total asset turnover is 0.7. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.00.
Conclusion
In summary, Twin Vee PowerCats Co (VEEE) has had a mixed 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.
