Vision Marine Technologies Inc (NASDAQ:VMAR) price on Friday, December 27, rose 3.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.62.
A look at the stock’s price movement, the close in the last trading session was $1.57, moving within a range at $1.52 and $1.7629. The beta value (5-Year monthly) was -0.047. Turning to its 52-week performance, $156.60 and $1.30 were the 52-week high and 52-week low respectively. Overall, VMAR moved -29.57% over the past month.
Vision Marine Technologies Inc’s market cap currently stands at around $2.54 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 1.5M for the company’s revenue for the quarter, with a low and high estimate of 1.5M and 1.5M respectively. The average forecast suggests up to a 52.07% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.2M, representing a 116.11% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VMAR is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
VMAR’s current price about -2.09% and -37.48% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.89, while 7-day volatility ratio is 12.94% and 13.53% in the 30-day chart. Further, Vision Marine Technologies Inc (VMAR) has a beta value of -0.14, and an average true range (ATR) of 0.27.
If we refocus on Vision Marine Technologies Inc (NASDAQ:VMAR), historical trading data shows that trading volumes averaged 1.01 over the past 10 days and 863.81K over the past 3 months. The company’s latest data on shares outstanding shows there are 1.57 million shares.
The 12.20% of Vision Marine Technologies Inc’s shares are in the hands of company insiders while institutional holders own 1.23% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 37263.0 on 2024-11-15, giving us a short ratio of 0.03. The data shows that as of 2024-11-15 short interest in Vision Marine Technologies Inc (VMAR) stood at 421.0 of shares outstanding, with shares short falling to 0.1 million registered in 2024-10-15. Current price change has pushed the stock -98.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VMAR stock continues to rise going into the next quarter.
