With over 0.13 million Vicinity Motor Corp. (VEV) shares trading Monday and a closing price of $0.91 on the day, the dollar volume was approximately $0.12 million. The shares have shown a negative half year performance of -29.62% and its price on 01/23/23 lost nearly -2.15%. Currently, there are 44.03M common shares owned by the public and among those 39.46M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for VEV have a consensus price objective of $3.00. The analysts have set the share’s price value over the next 12 months at a high of $3.00 and a low of $3.00. But an upside of 69.67% will see the stock hit the forecast high price target while median target price for the stock is $3.00.
Insiders at the company have transacted a total of 20 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 603,500 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
Fidelity Nasdaq Composite Index F owns 64732.0 shares of the company’s stock, all valued at over $62143.0. The company bought an additional 64732.0 shares recently to bring their total holdings to about 0.15% of the shares outstanding. London Life Smaller Company Fund sold 15678.0 shares to see its total holdings shrink to 0.0 shares valued at over $0.0 and representing 0.00% of the shares outstanding.
Shares of Vicinity Motor Corp. (NASDAQ: VEV) opened at $0.9452, up $0.01 from a prior closing price of $0.94. However, the script later moved the day high at 0.9462, down -2.15%. The company’s stock has a 5-day price change of -5.45% and -20.45% over the past three months. VEV shares are trading -4.70% year to date (YTD), with the 12-month market performance down to -70.49% lower. It has a 12-month low price of $0.75 and touched a high of $4.29 over the same period. VEV has an average intraday trading volume of 155.45K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.04%, -3.98%, and -30.14% respectively.
Institutional ownership of Vicinity Motor Corp. (NASDAQ: VEV) shares accounts for 1.62% of the company’s 44.03M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $40.29M. The earnings-per-share (ttm) stands at -$0.36. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.64% over the week and 7.55% over the month.
Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”