Gaining Ground: Vicinity Motor Corp (VEV) Closes Lower at 0.57, Down -10.16

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The price of Vicinity Motor Corp (NASDAQ: VEV) closed at $0.57 in the last session, down -10.16% from day before closing price of $0.64. In other words, the price has decreased by -$10.16 from its previous closing price. On the day, 1.14 million shares were traded. VEV stock price reached its highest trading level at $0.6079 during the session, while it also had its lowest trading level at $0.55.

Ratios:

We take a closer look at VEV’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.33 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 2.13 whereas as Long-Term Debt/Eq ratio is at 0.49.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VEV now has a Market Capitalization of 27711780 and an Enterprise Value of 61830932. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.89 while its Price-to-Book (P/B) ratio in mrq is 1.40. Its current Enterprise Value per Revenue stands at 2.086 whereas that against EBITDA is -8.847.

Stock Price History:

The Beta on a monthly basis for VEV is 0.92, which has changed by -0.34059632 over the last 52 weeks, in comparison to a change of 0.24125004 over the same period for the S&P500. Over the past 52 weeks, VEV has reached a high of $1.38, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -12.29%, while the 200-Day Moving Average is calculated to be -25.66%.

Shares Statistics:

According to the various share statistics, VEV traded on average about 1.97M shares per day over the past 3-months and 12220840 shares per day over the past 10 days. A total of 45.67M shares are outstanding, with a floating share count of 41.02M. Insiders hold about 10.18% of the company’s shares, while institutions hold 1.13% stake in the company. Shares short for VEV as of 1719532800 were 6457 with a Short Ratio of 0.00, compared to 1717113600 on 22191. Therefore, it implies a Short% of Shares Outstanding of 6457 and a Short% of Float of 0.02.

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