Vicinity Motor Corp (NASDAQ: VEV) Recovers 2.73% From 52-Week Low, Is VEV Still A High-Risk, High-Reward Play?

Vicinity Motor Corp (NASDAQ:VEV) currently has a daily average trading volume of 8.02M but it saw 7990189 shares traded in last market. With a market cap of 3.42M USD, the company’s current market price of $0.07 came falling about -4.24 while comparing to the previous closing price of $0.07. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.98 and as low as $0.07. In the recent trading on the day, stock has struck highest price mark of $0.059 while lowest mark touched by it was $0.0701.

Taking a look at 20-day trading activity of Vicinity Motor Corp (VEV) gives us an average price of $0.1259, while its current price level is -93.08% below from 52-week high level whereas it is 2.73% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.1385 while that of 200 days or SMA-200 reads an average of $0.5581. A closer look into the stock’s movement over the week reveals that its volatility is standing at 19.16% during that period while stretching the period over a month that decreases to 12.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 29.87 which implies that the stock is in oversold territory.

Over the week, VEV’s stock price is moving -45.72% down while it is -44.97% when we observe its performance for the past one month. Year-to-date it is -91.72% down and over the past year, the stock is showing a downside performance of -92.66%.

Currently, Vicinity Motor Corp’s total number of outstanding shares is 50.48M. Company’s return on investment (ROI) stands at -64.08% and return on equity (ROE) at -66.19%. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 0.17 while price to sale or P/S ratio amounts to 0.12. Its return on asset (ROA) is -26.67% on average.