Commercial Vehicle Group Inc (NASDAQ: CVGI) is -10.08% lower on its value in year-to-date trading and has touched a low of $2.02 and a high of $6.97 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 CVGI stock was last observed hovering at around $2.19 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.23, the stock is -0.16% and -5.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.27 million and changing 1.83% at the moment leaves the stock -44.24% off its SMA200. CVGI registered -63.86% loss for a year compared to 6-month loss of -58.16%. The firm has a 50-day simple moving average (SMA 50) of $2.3656 and a 200-day simple moving average (SMA200) of $3.99935.
The stock witnessed a -8.61% gain in the last 1 month and extending the period to 3 months gives it a -28.53%, and is 6.70% 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 5.40% over the week and 6.61% over the month.
Commercial Vehicle Group Inc (CVGI) has around 8200 employees, a market worth around $76.93M and $856.84M in sales. Current P/E ratio is 2.18 and Fwd P/E is 19.39. Profit margin for the company is 3.98%. Distance from 52-week low is 10.40% and -68.01% from its 52-week high. The company has generated returns on investments over the last 12 months (10.36%).
The EPS is expected to shrink by -99.44% this year.
Commercial Vehicle Group Inc (CVGI) Top Institutional Holders
124.0 institutions hold shares in Commercial Vehicle Group Inc (CVGI), with institutional investors hold 79.58% of the company’s shares. The shares outstanding are 31.35M, and float is at 29.70M with Short Float at 3.05%. Institutions hold 73.78% of the Float.
The top institutional shareholder in the company is FORAGER CAPITAL MANAGEMENT, LLC with over 3.44 million shares valued at $16.85 million. The investor’s holdings represent 10.3159% of the CVGI Shares outstanding. As of 2024-06-30, the second largest holder is ROYCE & ASSOCIATES LP with 2.43 million shares valued at $11.93 million to account for 7.3042 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.31 million shares representing 6.9373% and valued at over $11.33 million, while RENAISSANCE TECHNOLOGIES LLC holds 5.1069 of the shares totaling 1.7 million with a market value of $8.34 million.
Commercial Vehicle Group Inc (CVGI) Insider Activity
The most recent transaction is an insider purchase by Nauman J Michael, the company’s Director. SEC filings show that Nauman J Michael bought 19,362 shares of the company’s common stock on Dec 03 ’24 at a price of $2.42 per share for a total of $46856.0. Following the purchase, the insider now owns 82997.0 shares.
Commercial Vehicle Group Inc disclosed in a document filed with the SEC on Dec 04 ’24 that Nauman J Michael (Director) bought a total of 2,838 shares of the company’s common stock. The trade occurred on Dec 04 ’24 and was made at $2.37 per share for $6726.0. Following the transaction, the insider now directly holds 85835.0 shares of the CVGI stock.
Still, SEC filings show that on Dec 02 ’24, Nauman J Michael (Director) acquired 2,800 shares at an average price of $2.40 for $6720.0. The insider now directly holds 63,635 shares of Commercial Vehicle Group Inc (CVGI).
