Vicinity Motor (VEV) Stock Price, News & Analysis

Company Overview

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. The company was founded in 2008 and is headquartered in Aldergrove, Canada.

Key Stats

• Today's Range: $0.12 to $0.13
• 50-Day Range: $0.10 to $0.71
• 52-Week Range: $0.09 to $1.00
• Volume: 349,729 shs
• Average Volume: 3.02 million shs
• Market Capitalization: $5.59 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Vicinity Motor Stock Analysis - MarketRank™

Vicinity Motor scored higher than 9% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Vicinity Motor.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Vicinity Motor is -0.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Vicinity Motor is -0.30, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Vicinity Motor has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.61% of the float of Vicinity Motor has been sold short.

Short Interest Ratio / Days to Cover

Vicinity Motor has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vicinity Motor has recently decreased by 76.04%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Vicinity Motor does not currently pay a dividend.

Dividend Growth

Vicinity Motor does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.61% of the float of Vicinity Motor has been sold short.

Short Interest Ratio / Days to Cover

Vicinity Motor has a short interest ratio ("days to cover") of 0.1, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vicinity Motor has recently decreased by 76.04%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: N/A

Search Interest

Only 1 people have searched for VEV on MarketBeat in the last 30 days. This is a decrease of -92% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Vicinity Motor insiders have not sold or bought any company stock.

Percentage Held by Institutions

Only 0.27% of the stock of Vicinity Motor is held by institutions.

VEV Stock Analysis - Frequently Asked Questions

How have VEV shares performed this year?

Vicinity Motor's stock was trading at $0.8190 at the beginning of the year. Since then, VEV shares have decreased by 85.2% and is now trading at $0.1210.
View the best growth stocks for 2024 here.

How were Vicinity Motor's earnings last quarter?

Vicinity Motor Corp. (NASDAQ:VEV) issued its quarterly earnings data on Tuesday, May, 14th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm earned $13.23 million during the quarter. Vicinity Motor had a negative trailing twelve-month return on equity of 68.36% and a negative net margin of 60.46%.

How do I buy shares of Vicinity Motor?

Shares of VEV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 5/14/2024
• Today: 9/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Motor vehicles & car bodies
• Sub-Industry: Automobiles And Trucks
• Current Symbol: NASDAQ:VEV
• CUSIP: N/A
• CIK: 1834975
• Web: grandewest.com
• Phone: (604) 607-4000
• Fax: N/A
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($0.40)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-16,630,000.00
• Net Margins: -60.46%
• Pretax Margin: -60.46%
• Return on Equity: -68.36%
• Return on Assets: -24.47%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.90
• Quick Ratio: 0.33

Sales & Book Value

• Annual Sales: $29.64 million
• Price / Sales: 0.19
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.46 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 45,668,000
• Free Float: N/A
• Market Cap: $5.53 million
• Optionable: Optionable
• Beta: 0.44