As of Friday close, Vroom Inc.’s (NASDAQ:VRM) stock was down -$0.18, moving down -8.04 percent to $2.06. The average number of shares traded per day over the past five days has been 6,015,440 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 10,616,685, while in the previous 50 days, it was 6,898,264.
Since last month, VRM stock rose 35.53%. Shares of the company fell to $1.48 on 07/05/23, the lowest level in the past month. A 52-week high of $2.82 was reached on 07/19/23 after having rallying from a 52-week low of $0.73. Since the beginning of this year, VRM’s stock price has risen by 101.96% or $1.04, and marked a new high 16 times. However, the stock has declined by -26.95% since its 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
VRM stock investors should be aware that Vroom Inc. (VRM) stock had its last reported insider trading activity 72 days ago on May 25. MYLOD ROBERT J JR, the Director of the company, purchased of 500,000 shares for $0.76 on May 25. It resulted in a $379,000 investment by the insider. Zakowicz Agnieszka sold 6,131 shares at an average price of $0.77 on May 22. The insider now owns 371,802 shares following the transaction. On Mar 14, Principal Accounting Officer Zakowicz Agnieszka sold 360 shares at $0.80 apiece. The transaction was valued at $289.
Valuation Metrics
The stock’s beta is 2.17. Besides these, the trailing price-to-sales (P/S) ratio of 0.22, the price-to-book (PB) ratio of 0.71.
Financial Health
In the three months ended March 30, Vroom Inc.’s quick ratio stood at 1.00, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.38, and the total debt-to-equity ratio was 2.40. On the profitability front, the trailing twelve-month gross margin is 16.50% percent. Based on annual data, VRM earned $244.79 million in gross profit and brought in $1.95 billion in revenue.
In Vroom Inc.’s quarter-end financial report for March 30, it reported total debt of $402.15 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VRM’s revenue fell -347.36% to $340.8 million during the quarter, while net income inched up to $208.89 million. While analysts expected Vroom Inc. to report -$0.56 quarterly earnings, the actual figure was -$0.57 per share, beating the consensus estimate by -1.80%. During the quarter, the company generated -$61.83 million in EBITDA. The liabilities of Vroom Inc. were 1.25 billion at the end of its most recent quarter ended March 30, and its total debt was $1.12 billion. The value of shareholders’ equity is $138.83 million.
Technical Picture
This quick technical analysis looks at Vroom Inc.’s (VRM) price momentum. With a historical volatility rate of 87.04%, the RSI 9-day stood at 46.97% on 04 August.
With respect to its five-day moving average, the current Vroom Inc. price is down by -3.29% percent or -$0.07. At present, VRM shares trade +15.73% above its 20-day simple moving average and +145.24% percent above its 100-day simple moving average. However, the stock is currently trading approximately +170.34% above its SMA50 and +98.08% above its SMA200.
Stochastic coefficient K was 34.24% and Stochastic coefficient D was 45.71%, while ATR was 0.28. Given the Stochastic reading of 10.59% for the 14-day period, the RSI (14) reading has been calculated as 51.93%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.04.
Analyst Ratings
Vroom Inc. downgraded its rating on Vroom Inc. (NASDAQ: VRM) to a Neutral in a note to investors on November 22, 2022. The analysts firm previously had an Outperform rating on the stock.Vroom Inc. (VRM) has been rated Hold by analysts. According to 0 brokerage firms, VRM is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Vroom Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $1.00, the current consensus forecast for the stock is $1.00 – $1.25. Based on these forecasts, analysts predict Vroom Inc. (VRM) will achieve an average price target of $1.06.
