Twin Vee PowerCats Co (NASDAQ: VEEE) is -12.20% lower on its value in year-to-date trading and has touched a low of $0.31 and a high of $1.54 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 VEEE stock was last observed hovering at around $0.53 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $0.48, the stock is 16.21% and 8.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing -8.89% at the moment leaves the stock -16.41% off its SMA200. VEEE registered -64.50% loss for a year compared to 6-month loss of -22.05%. The firm has a 50-day simple moving average (SMA 50) of $0.44476 and a 200-day simple moving average (SMA200) of $0.581225.
The stock witnessed a 7.31% gain in the last 1 month and extending the period to 3 months gives it a -14.07%, and is -12.20% 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 31.63% over the week and 19.30% over the month.
Twin Vee PowerCats Co (VEEE) has around 90 employees, a market worth around $7.18M and $20.95M in sales. Profit margin for the company is -47.61%. Distance from 52-week low is 55.77% and -68.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-48.70%).
12.0 institutions hold shares in Twin Vee PowerCats Co (VEEE), with institutional investors hold 20.11% of the company’s shares. The shares outstanding are 9.52M, and float is at 7.76M with Short Float at 2.40%. Institutions hold 13.83% of the Float.
The top institutional shareholder in the company is AWM INVESTMENT COMPANY, INC. with over 0.79 million shares valued at $0.43 million. The investor’s holdings represent 8.3387 of the VEEE Shares outstanding. As of 2024-06-30, the second largest holder is BARD ASSOCIATES INC with 79238.0 shares valued at $43185.0 to account for 0.8323 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 68935.0 shares representing 0.7241 and valued at over $37570.0, while GEODE CAPITAL MANAGEMENT, LLC holds 0.3903 of the shares totaling 37160.0 with a market value of $20264.0.
Twin Vee PowerCats Co (VEEE) Insider Activity
The most recent transaction is an insider purchase by Zimmer Karl J, the company’s President. SEC filings show that Zimmer Karl J bought 35,138 shares of the company’s common stock on Sep 12 ’24 at a price of $0.45 per share for a total of $15773.0. Following the purchase, the insider now owns 85138.0 shares.
Twin Vee PowerCats Co disclosed in a document filed with the SEC on Sep 12 ’24 that Dickerson Michael Patrick (Chief Financial Officer) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $0.49 per share for $24500.0. Following the transaction, the insider now directly holds 50000.0 shares of the VEEE stock.
Still, SEC filings show that on Sep 11 ’24, VISCONTI JOSEPH C (CEO) acquired 40,785 shares at an average price of $0.40 for $16122.0. The insider now directly holds 2,368,929 shares of Twin Vee PowerCats Co (VEEE).
