Vision Marine Technologies Inc (NASDAQ:VMAR) price is hovering higher on current market day and jumping 12.91% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $2.20, with intraday deals fluctuating between $2.3509 and $2.72. The company’s 5Y monthly beta was ticking -0.047. Taking into account the 52-week price action we note that the stock hit a 52-week high of $226.12 and 52-week low of $2.08. The stock subtracted -26.07% on its value in the past month.
Vision Marine Technologies Inc, which has a market valuation of $2.39 million, is expected to release its quarterly earnings report in January.
On average, analysts have forecast the company’s revenue for the quarter will hit 1.5M, with the likely lows of 1.5M and highs of 1.5M. The average estimate suggests sales growth for the quarter will likely rise by 52.07% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 8.2M for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 116.11% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give VMAR a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that VMAR’s price is at present -11.45% off the SMA20 and -32.06% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 33.75, with weekly volatility standing at 12.64%. The indicator jumps to 11.32% when calculated based on the past 30 days. Vision Marine Technologies Inc (NASDAQ:VMAR)’s beta value is holding at -0.16, while the average true range (ATR) indicator is currently reading 0.49.
An analysis of the Vision Marine Technologies Inc (NASDAQ:VMAR) stock in terms of its daily trading volume indicates that the 3-month average is 624.44K. However, this figure increases on the past 10-day timeline to an average of 0.17 million.
Current records show that the company has 12.38M in outstanding shares. The insiders’ percentage holdings are 26.36% of outstanding shares while the percentage share held by institutions stands at 2.12%. The stats also highlight that short interest as of 2024-11-15, stood at 37263.0 shares, which puts the short ratio at the time at 0.03. From this we can glean that short interest is 421.00 of company’s current outstanding shares. Notably, we see that shares short in November fall slightly given the previous month’s figure stood at 0.1 million. But the -98.31% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
