Vicinity Motor Corp (VEV) Down -94.14% From Its 52-Week High, But Growth Potential Is Changing Over Time

Vicinity Motor Corp (NASDAQ:VEV) currently has a daily average trading volume of 10.20M but it saw 6730309 shares traded in last market. With a market cap of 2.84M USD, the company’s current market price of $0.06 came falling about -6.17 while comparing to the previous closing price of $0.06. In past 52 weeks, the stock remained buoying in the range of price level as high as $0.96 and as low as $0.04. In the recent trading on the day, stock has struck highest price mark of $0.051 while lowest mark touched by it was $0.0568.

Taking a look at 20-day trading activity of Vicinity Motor Corp (VEV) gives us an average price of $0.1055, while its current price level is -94.14% below from 52-week high level whereas it is 30.93% 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 $0.1257 while that of 200 days or SMA-200 reads an average of $0.5371. A closer look into the stock’s movement over the week reveals that its volatility is standing at 18.28% during that period while stretching the period over a month that decreases to 13.73%. 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 30.77 which implies that the stock is in neutral territory.

Over the week, VEV’s stock price is moving -16.96% down while it is -60.90% when we observe its performance for the past one month. Year-to-date it is -93.13% down and over the past year, the stock is showing a downside performance of -93.23%.

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 0.85. Stock has a price to book (P/B) ratio of 0.14 while price to sale or P/S ratio amounts to 0.10. Its return on asset (ROA) is -26.67% on average.