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New Big Money Means VOXX International Corp (VOXX) Investors Could Reap Benefit

VOXX International Corp (NASDAQ: VOXX) is -31.84% lower on its value in year-to-date trading and has touched a low of $2.27 and a high of $11.74 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 VOXX stock was last observed hovering at around $7.29 in the last trading session, with the day’s loss setting it -0.01%.

Currently trading at $7.28, the stock is -4.68% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -0.14% at the moment leaves the stock 28.88% off its SMA200. VOXX registered -36.42% loss for a year compared to 6-month gain of 94.65%. The firm has a 50-day simple moving average (SMA 50) of $7.4678 and a 200-day simple moving average (SMA200) of $5.6488.

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The stock witnessed a 9.80% loss in the last 1 month and extending the period to 3 months gives it a 20.93%, and is -4.96% 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 4.10% over the week and 5.76% over the month.

VOXX International Corp (VOXX) has around 911 employees, a market worth around $163.83M and $427.49M in sales. Profit margin for the company is -6.06%. Distance from 52-week low is 220.70% and -37.99% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.46%).

59.0 institutions hold shares in VOXX International Corp (VOXX), with institutional investors hold 107.56% of the company’s shares. The shares outstanding are 19.65M, and float is at 9.39M with Short Float at 9.50%. Institutions hold 58.91% of the Float.

The top institutional shareholder in the company is WELL DONE, LLC with over 3.31 million shares valued at $10.46 million. The investor’s holdings represent 14.1337 of the VOXX Shares outstanding. As of 2024-06-30, the second largest holder is KAHN BROTHERS GROUP INC with 1.76 million shares valued at $5.57 million to account for 7.5195 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 1.22 million shares representing 5.215 and valued at over $3.86 million, while VANGUARD GROUP INC holds 2.6074 of the shares totaling 0.61 million with a market value of $1.93 million.

VOXX International Corp (VOXX) Insider Activity

The most recent transaction is an insider purchase by GENTEX CORP, the company’s 10% Owner. SEC filings show that GENTEX CORP bought 3,152,500 shares of the company’s common stock on Aug 23 ’24 at a price of $5.00 per share for a total of $15.76 million. Following the purchase, the insider now owns 6.46 million shares.

VOXX International Corp disclosed in a document filed with the SEC on Aug 23 ’24 that Kahli Beat (Director) sold a total of 3,132,500 shares of the company’s common stock. The trade occurred on Aug 23 ’24 and was made at $5.00 per share for $15.66 million. Following the transaction, the insider now directly holds 0.0 shares of the VOXX stock.

Still, SEC filings show that on Aug 23 ’24, Kahli Beat (Director) disposed off 20,000 shares at an average price of $5.00 for $100000.0. The insider now directly holds 0 shares of VOXX International Corp (VOXX).

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