Vroom Inc. (NASDAQ: VRM) is -26.06% lower on its value in year-to-date trading and has touched a low of $0.73 and a high of $2.76 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VRM stock was last observed hovering at around $0.76 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $1.00 for the next 12 months. It is also 42.31% off the consensus price target high of $1.30 offered by 7 analysts, but current levels are 25.0% higher than the price target low of $1.00 for the same period.
Currently trading at $0.75, the stock is -5.46% and -10.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.67 million and changing -0.46% at the moment leaves the stock -33.01% off its SMA200. VRM registered -41.08% loss for a year compared to 6-month loss of -34.70%. The firm has a 50-day simple moving average (SMA 50) of $0.56 and a 200-day simple moving average (SMA200) of -$5.21.
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The stock witnessed a -8.01% gain in the last 1 month and extending the period to 3 months gives it a -24.24%, and is -5.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.68% over the week and 7.63% over the month.
Vroom Inc. (VRM) has around 1323 employees, a market worth around $110.15M and $1.22B in sales. Distance from 52-week low is 2.75% and -72.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-32.20%).
Vroom Inc. (VRM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Vroom Inc. (VRM) is a “Hold”. 7 analysts offering their recommendations for the stock have an average rating of 2.90, where 7 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Vroom Inc. is expected to release its quarterly report on 08/08/2023.The EPS is expected to shrink by -20.50% this year
Vroom Inc. (VRM) Top Institutional Holders
The shares outstanding are 138.53M, and float is at 132.60M with Short Float at 14.62%.
Vroom Inc. (VRM) Insider Activity
A total of 12 insider transactions have happened at Vroom Inc. (VRM) in the last six months, with sales accounting for 7 and purchases happening 5 times. The most recent transaction is an insider purchase by MYLOD ROBERT J JR, the company’s Director. SEC filings show that MYLOD ROBERT J JR bought 500,000 shares of the company’s common stock on May 25 at a price of $0.76 per share for a total of $0.38 million. Following the purchase, the insider now owns 0.97 million shares.
Vroom Inc. disclosed in a document filed with the SEC on May 22 that Zakowicz Agnieszka (Principal Accounting Officer) sold a total of 6,131 shares of the company’s common stock. The trade occurred on May 22 and was made at $0.77 per share for $4731.0. Following the transaction, the insider now directly holds 0.37 million shares of the VRM stock.
Still, SEC filings show that on Mar 14, Zakowicz Agnieszka (Principal Accounting Officer) disposed off 360 shares at an average price of $0.80 for $289.0. The insider now directly holds 202,933 shares of Vroom Inc. (VRM).
