Vision Marine Technologies Inc. (NASDAQ:VMAR) concluded the trading at $15.64 on Friday, Jan 22, with a rise of 0.26% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $15.6 and 5Y monthly beta was reading 0 with its price kept floating in the range of $15.31 and $16.50 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that VMAR hit a high price of $17.9 and saw its price falling to a low level of $10.7 during that period. Over a period of past 1-month, stock came losing -1.39% in its value.
According to ratings assigned by 1 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Vision Marine Technologies Inc. (VMAR) as a Hold, while 1 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the VMAR stock which is currently positioned at 0. It further provides that stock’s current price level is 8.86% away from its 20-day simple moving average and is 13.26% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 56.23 while volatility remained at 9.18% over the past week which changes to 9.75% when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 1.44. In predicting price targets of as low as $25.44 and as high as $25.44, analysts are in agreement on assigning the stock over the next 12 months average price target of $25.44. Stock’s current price level is 62.66% above from estimated low price target while it is 62.66% below the estimated high; and even if the VMAR’s share succeeded to reach the median price of $25.44, then the outlook of +62.66% could come to the excitement of the investors.
In comparing Vision Marine Technologies Inc. (VMAR)’s stock with other industry players reveals that stock’s current price change of +0.26% and that of 0% over the past 12 months is in competing position with that of Peloton Interactive Inc (PTON) which saw its stock price raised by 1.02% in the last trading and went through an increase of 431.44% in past 12-month trading. Industry’s another major player Pool Corp (POOL) has jumped 0.71% up in previous session, but over the past year has faced a rise of 67.28%, while Brunswick Corp (BC) was also up 0.26% however its price remained floating in the red at 0% over the same period. Vision Marine Technologies Inc. has a P/E ratio of 0 against that of Peloton Interactive Inc’s 1331.25 while Pool Corp is showing 46.28 for the same. On the other hand, the S&P 500 Index was down -0.3% in the last trading session while the Dow Jones Industrial closed the session lower at -0.57%.
Having a second look at Vision Marine Technologies Inc. (NASDAQ:VMAR) provides that stock’s average daily trading volume for 3 months was 712.04 Million, while it dropped to 371.13 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 8.01 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 56.97% while it is 0% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 110000000 which implies a short ratio of 0.15. This shows up a 1.38% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 5.07 Million in the previous month. Addition of +16.28% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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