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VEV’s Stochastic Averages Dip: Analyzing Vicinity Motor Corp’s Stock Performance

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The market performance of Vicinity Motor Corp has been somewhat unstable. Over the past year, the company’s stock achieved a high of $0.96 on 01/09/24, with the lowest value for the same timeframe being $0.04, recorded on 10/18/24.

52-week price history of VEV Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Vicinity Motor Corp’s current trading price is -93.70% away from its 52-week high, while its distance from the 52-week low is 40.70%. The stock’s price range during this period has fluctuated between $0.04 and $0.96. Shares of the company, which operates in the Consumer Cyclical sector, recorded a trading volume of around 18.36 million for the day, which was evidently higher than the average daily volume of 10.31 million over the last three months.

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Financial Performance and Market Capitalization

Vicinity Motor Corp (VEV) has experienced a quarterly decline of -83.74% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 3.05M and boasts a workforce of 57 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.2983, with a change in price of -0.6320. Similarly, Vicinity Motor Corp recorded 8,161,425 in trading volume during the last 100 days, posting a change of -91.26%.

VEV Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for VEV stands at 2.13. Similarly, the long-term debt-to-equity ratio is also 0.49.

VEV Stock Stochastic Average

The raw stochastic average for Vicinity Motor Corp over the last 50 days is presently at 11.33%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 11.95%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.88% and 9.03%, respectively.

VEV Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -92.61% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -90.97%. Over the past 30 days, the price of VEV has leaped by -57.09%. And in the last five days, it has surged by 16.80%.

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