Vision Marine Technologies Inc (NASDAQ:VMAR) does about 896.48K shares in volume on a normal day but saw 174794328 shares change hands in the recent trading day. The company now has a market cap of 6.13M USD. Its current market price is $2.15, marking an increase of 41.45% compared to the previous close of $1.52. The 52 week high reached by this stock is $136.35 whilst the lowest price level in 52 weeks is $1.30.
Vision Marine Technologies Inc (VMAR) has a 20-day trading average at $1.59 and the current price is -98.42% off the 52-week high compared with 65.38% distance from its 52-week low. The 50-day simple moving average of the closing price is $2.23 and its 200-day simple moving average is $41.05. If we look at the stock’s price movements over the week, volatility stands at 24.35%, which decreases to 14.78% 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 57.99 to suggest the stock is neutral.
The consensus objective for the share price is $274.14, suggesting that the stock has a potential upside of 99.22% over the period.
The current price level is 35.56%, -3.43%, and -94.76% away from its SMA20, SMA50, and SMA200 respectively, with the VMAR price moving above the 50-day SMA on current market day. Vision Marine Technologies Inc (VMAR) stock is up 42.38% over the week and 30.30% over the past month. Its price is 35.22% year-to-date and -98.07% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -32.4 and -124.2 for whole year. In addition, estimates put the company’s current quarterly revenue at an average of $1.5M.
To reach the target analysts have set, the stock logically needs to grow 99.22 percent from here.
Outstanding shares total 2.85M with insiders holding 4.60% of the shares and institutional holders owning 2.53% of the company’s common stock. The company has a return on investment of -398.34% and return on equity of -192.59%. The beta has a value of -0.10. Price to book ratio is 0.16 and price to sales ratio is 2.20.
