Commercial Vehicle Group Inc (NASDAQ:CVGI) price on Friday, February 07, fall -2.43% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.01.
A look at the stock’s price movement, the close in the last trading session was $2.06, moving within a range at $1.98 and $2.07. The beta value (5-Year monthly) was 2.463 while the PE ratio in trailing twelve months stood at 1.97. Turning to its 52-week performance, $6.97 and $1.95 were the 52-week high and 52-week low respectively. Overall, CVGI moved -9.46% over the past month.
Commercial Vehicle Group Inc’s market cap currently stands at around $69.35 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 158.36M for the company’s revenue for the quarter, with a low and high estimate of 150.36M and 164.73M respectively. The average forecast suggests down to a -29.01% 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 743M, representing a -25.30% decline 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 CVGI 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.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CVGI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CVGI’s current price about -6.23% and -11.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 38.91, while 7-day volatility ratio is 6.23% and 5.18% in the 30-day chart. Further, Commercial Vehicle Group Inc (CVGI) has a beta value of 2.41, and an average true range (ATR) of 0.12. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -397.51% off current price level while to achieve the yearly target high, price needs to move -397.51%. Nonetheless, investors will most likely welcome a -397.51% jump to $10 which is the analysts’ median price.
If we refocus on Commercial Vehicle Group Inc (NASDAQ:CVGI), historical trading data shows that trading volumes averaged 0.32 over the past 10 days and 346.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 31.35 million shares.
The 13.90% of Commercial Vehicle Group Inc’s shares are in the hands of company insiders while institutional holders own 70.67% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.84 million on 2025-01-15, giving us a short ratio of 2.02. The data shows that as of 2025-01-15 short interest in Commercial Vehicle Group Inc (CVGI) stood at 257.99999 of shares outstanding, with shares short rising to 0.77 million registered in 2024-12-13. Current price change has pushed the stock -18.95% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CVGI stock continues to rise going into the next quarter.
