Vivakor Inc (NASDAQ: VIVK) is -6.56% lower on its value in year-to-date trading and has touched a low of $0.55 and a high of $3.45 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 VIVK stock was last observed hovering at around $0.85 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $1.14, the stock is 42.32% and 33.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 28.16 million and changing 34.15% at the moment leaves the stock -7.44% off its SMA200. VIVK registered -14.29% loss for a year compared to 6-month loss of -24.50%. The firm has a 50-day simple moving average (SMA 50) of $0.85225 and a 200-day simple moving average (SMA200) of $1.2316405.
The stock witnessed a 26.67% gain in the last 1 month and extending the period to 3 months gives it a 39.02%, and is 45.04% 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 15.21% over the week and 8.44% over the month.
Vivakor Inc (VIVK) has around 150 employees, a market worth around $53.92M and $111.13M in sales. Profit margin for the company is -26.48%. Distance from 52-week low is 107.12% and -66.96% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.58%).
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Vivakor Inc (VIVK) Top Institutional Holders
21.0 institutions hold shares in Vivakor Inc (VIVK), with institutional investors hold 17.04% of the company’s shares. The shares outstanding are 45.00M, and float is at 19.86M with Short Float at 0.30%. Institutions hold 7.65% of the Float.
The top institutional shareholder in the company is SMITH SHELLNUT WILSON LLC /ADV with over 3.01 million shares valued at $6.02 million. The investor’s holdings represent 10.753% of the VIVK Shares outstanding. As of 2024-06-30, the second largest holder is GEODE CAPITAL MANAGEMENT, LLC with 0.12 million shares valued at $0.23 million to account for 0.4186 of the shares outstanding. The other top investors are INSCRIPTION CAPITAL, LLC which holds 80135.0 shares representing 0.2863% and valued at over $0.16 million, while GREAT VALLEY ADVISOR GROUP, INC. holds 0.2478 of the shares totaling 69357.0 with a market value of $0.14 million.
Vivakor Inc (VIVK) Insider Activity
The most recent transaction is an insider purchase by Ballengee James H., the company’s Chairman, President, & CEO. SEC filings show that Ballengee James H. bought 1,000 shares of the company’s common stock on Jun 03 ’24 at a price of $1.57 per share for a total of $1570.0. Following the purchase, the insider now owns 11.93 million shares.
