Vinco Ventures Inc. (NASDAQ:BBIG) shares, rose in value on Wednesday, 07/21/21, with the stock price up by 18.71% to the previous day’s close as strong demand from buyers drove the stock to $3.68.
Actively observing the price movement in the last trading, the stock closed the session at $3.10, falling within a range of $3.40 and $3.74. The value of beta (5-year monthly) was 0.25. Referring to stock’s 52-week performance, its high was $9.40, and the low was $1.11. On the whole, BBIG has fluctuated by -17.67% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that BBIG’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BBIG currently trading nearly -6.04% and -0.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.00, while the 7-day volatility ratio is showing 16.60% which for the 30-day chart, stands at 11.93%. Furthermore, Vinco Ventures Inc. (BBIG)’s average true range (ATR) is 0.54.
Data on historical trading for Vinco Ventures Inc. (NASDAQ:BBIG) indicates that the trading volumes over the past 10 days have averaged 16.52 million and over the past 3 months, they’ve averaged 14.03 million. According to company’s latest data on outstanding shares, there are 41.77 million shares outstanding.
Nearly 7.70% of Vinco Ventures Inc.’s shares belong to company insiders and institutional investors own 7.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.56 million shares as on May 27, 2021, resulting in a short ratio of 0.74. According to the data, the short interest in Vinco Ventures Inc. (BBIG) stood at 16.34% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 2.7 million. The stock has risen by 168.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBIG stock heading into the next quarter.