Vision Marine Technologies Inc (NASDAQ: VMAR) is -22.01% lower on its value in year-to-date trading and has touched a low of $1.12 and a high of $136.35 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 VMAR stock was last observed hovering at around $1.25 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.24, the stock is -21.12% and -26.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -0.80% at the moment leaves the stock -96.38% off its SMA200. VMAR registered -98.81% loss for a year compared to 6-month loss of -97.61%. The firm has a 50-day simple moving average (SMA 50) of $1.7226 and a 200-day simple moving average (SMA200) of $34.625755.
The stock witnessed a -22.50% gain in the last 1 month and extending the period to 3 months gives it a -61.49%, and is -12.06% 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 10.57% over the week and 15.40% over the month.
Profit margin for the company is -567.41%. Distance from 52-week low is 10.71% and -99.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-179.58%).
13.0 institutions hold shares in Vision Marine Technologies Inc (VMAR), with institutional investors hold 2.65% of the company’s shares. The shares outstanding are 3.66M, and float is at 3.52M with Short Float at 33.12%. Institutions hold 2.53% of the Float.
The top institutional shareholder in the company is FEDERATION DES CAISSES DESJARDINS DU QUEBEC with over 1.17 million shares valued at $0.82 million. The investor’s holdings represent 9.962 of the VMAR Shares outstanding. As of 2024-06-30, the second largest holder is FIL LTD with 0.37 million shares valued at $0.26 million to account for 3.1652 of the shares outstanding. The other top investors are NATIONAL BANK OF CANADA /FI/ which holds 65705.0 shares representing 0.5615 and valued at over $32851.0, while JANE STREET GROUP, LLC holds 0.264 of the shares totaling 30893.0 with a market value of $21625.0.
