Vroom Inc. (NASDAQ:VRM) saw a downside of -9.66% to close Tuesday at $1.08 after subtracting -$0.11 on the day. The 5-day average trading volume is 3,258,560 shares of the company’s common stock. It has gained $1.3500 in the past week and touched a new high 1 time within the past 5 days. An average of 5,372,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 7,370,838.
VRM’s 1-month performance is -49.77% or -$1.0850 on its low of $1.0600 reached on 08/22/23. The company’s shares have touched a 52-week low of $0.73 and high of $2.82, with the stock’s rally to the 52-week high happening on 07/19/23. YTD, VRM has achieved 5.39% or $0.0550 and has reached a new high 16 times. However, the current price is down -61.88% from the 52-week high price.
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Insider Transactions
VRM stock investors last saw insider trading activity on May 25.Zakowicz Agnieszka (Principal Accounting Officer) most recently sold 6,131 shares at $0.77 per share on May 22. This transaction cost the insider $4,731. Principal Accounting Officer, Zakowicz Agnieszka, sold 360 shares at a price of $0.80 on Mar 14. Then, on Mar 06, Principal Accounting Officer Zakowicz Agnieszka sold 4,809 shares at a price of $0.92 per share. This transaction amounted to $4,428.
Valuation Metrics
VRM stock has a beta of 2.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.15 while the price-to-book (PB) in the most recent quarter is 0.44.
Vroom Inc.’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.61, while the total debt to equity was 2.69.. In terms of profitability, the gross margin trailing 12 months is 18.70%. The trailing 12-month EBITDA margin is -17.97% while for the period ending June 29, Vroom Inc.’s operating margin was -9.50%. The firm’s gross profit as reported stood at $244.79 million against revenue of $1.95 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -73.54% to -$66.32 million, while revenue of -$75.04 million was -13.15% off the previous quarter. Analysts expected VRM to announce -$0.57 per share in earnings in its latest quarter, but it posted -$0.48, representing a 15.80% surprise. EBITDA for the quarter stood at more than -$47.68 million. VRM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.25 billion, with total debt at $1.12 billion. Shareholders hold equity totaling $139.66 million.
Let’s look briefly at Vroom Inc. (VRM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 22 August was 21.00% to suggest the stock is trending oversold, with historical volatility in this time period at 65.90%.
The stock’s 5-day moving average is $1.1870, reflecting a -20.96% or -$0.2850 change from its current price. VRM is currently trading -52.22% above its 20-day SMA, +21.26% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +4.37% and SMA200 by+12.04%.
Stochastic %K and %D was 3.66% and 3.40% and the average true range (ATR) pointed at 0.1837. The RSI (14) points at 30.62%, while the 14-day stochastic is at 1.08% with the period’s ATR at 0.2073. The stock’s 9-day MACD Oscillator is pointing at -0.1233 and -0.3515 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Vroom Inc. (NASDAQ: VRM), Robert W. Baird downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for VRM stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate VRM as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 0 have offered a “buy” rating.
What is VRM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.00 and a high of $1.25, with their median price target at $1.00. Looking at these predictions, the average price target given by analysts is for Vroom Inc. (VRM) stock is $1.06.
