Vision Marine Technologies (VMAR) Stock Price, News & Analysis

Company Overview

Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.

Key Stats

• Today's Range: $2.83 to $2.98
• 50-Day Range: $0.49 to $4.64
• 52-Week Range: $2.53 to $256.50
• Volume: 295,424 shs
• Average Volume: 174,330 shs
• Market Capitalization: $2.25 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $30.00
• Consensus Rating: Buy

Vision Marine Technologies Stock Analysis - MarketRank™

Vision Marine Technologies scored higher than 71% 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: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Vision Marine Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Vision Marine Technologies has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Vision Marine Technologies are expected to decrease in the coming year, from ($69.86) to ($90.01) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Vision Marine Technologies is -0.02, 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 Vision Marine Technologies is -0.02, 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

Vision Marine Technologies has a P/B Ratio of 0.02. 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

4.96% of the float of Vision Marine Technologies has been sold short.

Short Interest Ratio / Days to Cover

Vision Marine Technologies has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vision Marine Technologies has recently decreased by 76.49%, indicating that investor sentiment is improving significantly.

Dividend

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

Dividend Yield

Vision Marine Technologies does not currently pay a dividend.

Dividend Growth

Vision Marine Technologies does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

4.96% of the float of Vision Marine Technologies has been sold short.

Short Interest Ratio / Days to Cover

Vision Marine Technologies has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Vision Marine Technologies has recently decreased by 76.49%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.50

News Sentiment

Vision Marine Technologies has a news sentiment score of 0.50. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.66 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Vision Marine Technologies this week, compared to 0 articles on an average week.

Search Interest

Only 5 people have searched for VMAR on MarketBeat in the last 30 days. This is a decrease of -58% compared to the previous 30 days.

MarketBeat Follows

2 people have added Vision Marine Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Vision Marine Technologies insiders have not sold or bought any company stock.

Percentage Held by Insiders

40.40% of the stock of Vision Marine Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

53.79% of the stock of Vision Marine Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VMAR Stock Analysis - Frequently Asked Questions

How have VMAR shares performed this year?

Vision Marine Technologies' stock was trading at $16.35 at the beginning of the year. Since then, VMAR stock has decreased by 82.1% and is now trading at $2.92.
View the best growth stocks for 2024 here.

How were Vision Marine Technologies' earnings last quarter?

Vision Marine Technologies Inc. (NASDAQ:VMAR) announced its quarterly earnings data on Monday, November, 27th. The company reported ($4.65) EPS for the quarter, beating the consensus estimate of ($4.80) by $0.15. The business had revenue of $1.59 million for the quarter, compared to analysts' expectations of $2.37 million. Vision Marine Technologies had a negative net margin of 330.67% and a negative trailing twelve-month return on equity of 165.58%.

When did Vision Marine Technologies' stock split?

Shares of Vision Marine Technologies reverse split on Thursday, August 22nd 2024. The 1-15 reverse split was announced on Tuesday, August 20th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Wednesday, August 21st 2024. An investor that had 100 shares of stock prior to the reverse split would have 7 shares after the split.

When did Vision Marine Technologies IPO?

Vision Marine Technologies (VMAR) raised $20 million in an initial public offering on Tuesday, November 24th 2020. The company issued 2,200,000 shares at a price of $8.00-$10.00 per share. ThinkEquity (a division of Fordham Financial Management) served as the underwriter for the IPO.

How do I buy shares of Vision Marine Technologies?

Shares of VMAR 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.

What other stocks do shareholders of Vision Marine Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Vision Marine Technologies investors own include Sangamo Therapeutics (SGMO), Tesla (TSLA), HIVE Digital Technologies (HIVE), Palantir Technologies (PLTR), Riot Platforms (RIOT), REE Automotive (REE) and Himax Technologies (HIMX).

Company Calendar

• Last Earnings: 11/27/2023
• Today: 11/21/2024
• Next Earnings (Estimated): 11/25/2024
• Fiscal Year End: 8/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Ship & boat building & repairing
• Sub-Industry: N/A
• Current Symbol: NASDAQ:VMAR
• CUSIP: N/A
• CIK: 1813783
• Web: www.visionmarinetechnologies.com
• Phone: 45-0951-7009
• Fax: N/A
• Employees: 14
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $30.00
• High Stock Price Target: $30.00
• Low Stock Price Target: $30.00
• Potential Upside/Downside: +998.9%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($129.5491)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-15,500,000.00
• Net Margins: -330.67%
• Pretax Margin: -338.13%
• Return on Equity: -165.58%
• Return on Assets: -69.35%

Debt

• Debt-to-Equity Ratio: 0.28
• Current Ratio: 2.24
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $4.20 million
• Price / Sales: 0.51
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $121.37 per share
• Price / Book: 0.02

Miscellaneous

• Outstanding Shares: 780,000
• Free Float: 467,000
• Market Cap: $2.13 million
• Optionable: Not Optionable
• Beta: -0.05