The trading price of Vinco Ventures Inc. (NASDAQ:BBIG) closed lower on Friday, August 06, closing at $2.84, -1.39% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.735 and $2.9496. In examining the 52-week price action we see that the stock hit a 52-week high of $9.40 and a 52-week low of $1.11. Over the past month, the stock has lost -19.55% in value.
Vinco Ventures Inc., whose market valuation is $80.51 million at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Vinco Ventures Inc. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BBIG has a Hold on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently Hold.
A quick review shows that BBIG’s price is currently -16.92% off the SMA20 and -25.32% off the SMA50. The RSI metric on the 14-day chart is currently showing 39.66, and weekly volatility stands at 8.22%. When measured over the past 30 days, the indicator reaches 12.51%. Vinco Ventures Inc. (NASDAQ:BBIG)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.39.
To see how Vinco Ventures Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: BBIG stock’s performance was -1.39% in the latest trading, and -14.46% in the past year. Vinco Ventures Inc. has a P/E ratio of 0. Also in last trading session, the S&P 500 Index has surged 0.17%, while the Dow Jones Industrial also saw a positive session, up 0.41% on the day.
An evaluation of the daily trading volume of Vinco Ventures Inc. (NASDAQ:BBIG) indicates that the 3-month average is 14.86 million. However, this figure has increased over the past 10 days to an average of 5.92 million.
Currently, records show that 41.77 million of the company’s shares remain outstanding. The insiders hold 7.70% of outstanding shares, whereas institutions hold 8.20%. The stats also highlight that short interest as of May 27, 2021, stood at 4.56 million shares, resulting in a short ratio of 0.74 at that time. From this, we can conclude that short interest is 16.34% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 2.7 million. However, since the stock’s price has seen 107.30% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.