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Fresh Vine Wine Inc (VINE) – Don’t Be So Quick to Call it Dead

Fresh Vine Wine Inc (AMEX: VINE) is -31.72% lower on its value in year-to-date trading and has touched a low of $0.22 and a high of $1.06 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 VINE stock was last observed hovering at around $0.57 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $0.62, the stock is 29.30% and 10.43% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.56 million and changing 8.28% at the moment leaves the stock -1.34% off its SMA200. VINE registered 158.87% gain for a year compared to 6-month loss of -33.21%.

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The stock witnessed a 7.47% gain in the last 1 month and extending the period to 3 months gives it a -18.19%, and is 39.65% up 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 17.12% over the week and 14.58% over the month.

Fresh Vine Wine Inc (VINE) has around 4 employees, a market worth around $9.93M and $1.52M in sales. Profit margin for the company is -649.64%. Distance from 52-week low is 178.99% and -41.38% from its 52-week high.

The shares outstanding are 15.98M, and float is at 9.53M with Short Float at 0.15%.

Fresh Vine Wine Inc (VINE) Insider Activity

The most recent transaction is an insider sale by CSS LLC/IL, the company’s 10% Owner. SEC filings show that CSS LLC/IL sold 96,617 shares of the company’s common stock on Sep 15 ’23 at a price of $0.41 per share for a total of $39816.0. Following the sale, the insider now owns 0.46 million shares.

Fresh Vine Wine Inc disclosed in a document filed with the SEC on Sep 14 ’23 that CSS LLC/IL (10% Owner) sold a total of 132,542 shares of the company’s common stock. The trade occurred on Sep 14 ’23 and was made at $0.39 per share for $51599.0. Following the transaction, the insider now directly holds 0.56 million shares of the VINE stock.

Still, SEC filings show that on Sep 06 ’23, CSS LLC/IL (10% Owner) disposed off 30,000 shares at an average price of $0.50 for $15099.0. The insider now directly holds 688,926 shares of Fresh Vine Wine Inc (VINE).

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