Fresh Vine Wine Inc (VINE): Choosing The Technical Investor Route

Fresh Vine Wine Inc (AMEX:VINE) does about 357.05K shares in volume on a normal day but saw 2096841 shares change hands in the recent trading day. The company now has a market cap of 13.26M USD. Its current market price is $0.83, marking an increase of 29.71% compared to the previous close of $0.64. The 52 week high reached by this stock is $1.25 whilst the lowest price level in 52 weeks is $0.25.

Fresh Vine Wine Inc (VINE) has a 20-day trading average at $0.7436 and the current price is -33.52% off the 52-week high compared with 230.28% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.7653 and its 200-day simple moving average is $0.6261. If we look at the stock’s price movements over the week, volatility stands at 16.00%, which increases to 16.81% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 56.39 to suggest the stock is neutral.

The current price level is 11.62%, 8.45%, and 32.57% away from its SMA20, SMA50, and SMA200 respectively, with the VINE price moving below the 50-day SMA on current market day. Fresh Vine Wine Inc (VINE) stock is up 31.75% over the week and -21.70% over the past month. Its price is -8.78% year-to-date and 42.15% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 15.98M with insiders holding 36.52% of the shares and institutional holders owning 1.24% of the company’s common stock. The company has a return on equity of -6611.13%. The beta has a value of 2.12. Price to sales ratio is 27.63.