Kahn Brothers Advisors LLC recently announced the acquisition of new stake in VOXX International Corporation (NASDAQ:VOXX). The institutional investor has increased its shareholding in the Consumer Cyclical company by 9.95% to 2.94 million shares with purchase of 0.27 million shares. This fresh investment now brings its stake to 13.57% valued currently at $24.66 million. In addition, The Vanguard Group, Inc. raised its holdings by 42052.0 to 0.7 million shares. And Morgan Stanley Smith Barney LLC has lifted its position by 3.34% or 6642.0 shares – to 0.21 million shares.
With over 0.1 million VOXX International Corporation (VOXX) shares trading Tuesday and a closing price of $10.27 on the day, the dollar volume was approximately $1.05 million. The shares have shown a positive half year performance of 18.32% and its price on 01/24/23 lost nearly -1.63%. Currently, there are 24.39M common shares owned by the public and among those 12.79M 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: 2 analysts who have offered their price forecasts for VOXX have a consensus price objective of $10.50. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $10.00. The average price target is 2.19% above its recent price level and a downside to the estimated low will see the stock lose -2.7% over that period. But an upside of 6.64% will see the stock hit the forecast high price target while median target price for the stock is $10.50.
Insiders at the company have transacted a total of 169 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 168 of these insider trades were purchases, accounting for 1,722,595 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 17,340 shares.
The top 3 mutual fund holders in VOXX International Corporation are Vanguard Total Stock Market Index, DFA US Small Cap Portfolio, and DFA US Targeted Value Portfolio. Vanguard Total Stock Market Index owns 0.36 million shares of the company’s stock, all valued at over $3.02 million. The company sold 72800.0 shares recently to bring their total holdings to about 1.67% of the shares outstanding. DFA US Targeted Value Portfolio bought 3500.0 shares to bring its total holdings to over 0.23 million shares at a value of $1.96 million. DFA US Targeted Value Portfolio now owns shares totaling to 1.08% of the shares outstanding.
Shares of VOXX International Corporation (NASDAQ: VOXX) opened at $10.30, down -$0.14 from a prior closing price of $10.44. However, the script later moved the day high at 10.67, down -1.63%. The company’s stock has a 5-day price change of 1.99% and 26.32% over the past three months. VOXX shares are trading 22.55% year to date (YTD), with the 12-month market performance up to 4.16% higher. It has a 12-month low price of $5.85 and touched a high of $13.34 over the same period. VOXX has an average intraday trading volume of 82.43K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 12.13%, 6.16%, and 18.41% respectively.
Institutional ownership of VOXX International Corporation (NASDAQ: VOXX) shares accounts for 39.10% of the company’s 24.39M shares outstanding. Mutual fund holders own 27.06%, while other institutional holders and individual stakeholders account for 41.67% and 11.36% respectively.
It has a market capitalization of $227.17M and a beta (3y monthly) value of 1.39. The earnings-per-share (ttm) stands at -$0.27. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.53% over the week and 6.29% over the month.
Analysts forecast that VOXX International Corporation (VOXX) will achieve an EPS of $0.1 for the current quarter, $0 for the next quarter and $0.03 for 2024. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.15. Comparatively, EPS for the current quarter was $0.57 a year ago. Earnings per share for the fiscal year are expected to decrease by -184.70%, and 48.60% over the next financial year. EPS should grow at an annualized rate of 10.00% over the next five years, compared to -68.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate VOXX International Corporation (VOXX) as a “Moderate Buy” at a consensus score of 2.50. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the VOXX, a number of firms have released research notes about the stock. Imperial Capital stated their In-line rating for the stock in a research note on October 13, 2022, with the firm’s price target at $10. Imperial Capital coverage for the VOXX International Corporation (VOXX) stock in a research note released on November 04, 2021 offered a Outperform rating with a price target of $15. DA Davidson was of a view on June 30, 2021 that the stock is Buy, while Oppenheimer gave the stock Outperform rating on January 13, 2016, issuing a price target of $9- $8. Oppenheimer on their part issued Outperform rating on November 12, 2015.