Fresh Vine Wine Inc. (AMEX:VINE) traded with an addition of $0.03 to $0.47 on Thursday, an upside of 6.76 percent. An average of 1,357,744 shares of common stock have been traded in the last five days. There was a gain of $0.1370 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 769,196 shares traded, while the 50-day average volume stands at 4,295,488.
VINE stock has decreased by -2.29% in the last month. The company shares reached their 1-month lowest point of $0.2800 on 08/16/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $0.21 and a high of $3.20 in 52 weeks. It has reached a new high 6 times so far this year and lost -52.09% or -$0.5243 in price. In spite of this, the price is down -85.34% from the 52-week high.
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Insider Transactions
VINE stock investors should be aware that Fresh Vine Wine Inc. (VINE) stock had its last reported insider trading activity 42 days ago on Jul 13. In this transaction, the insider spent $3,550. 10% Owner, CSS LLC/IL, disposed of 5,000 shares at a price of $0.60 on Jul 12. The insider now owns more than $3,000 worth of shares. Prior to that, 10% Owner CSS LLC/IL went on to Sale 140,000 shares at $0.73 each on Jul 03. An amount of $102,774 was transacted.
Valuation Metrics
Fresh Vine Wine Inc. (VINEstock’s beta is 1.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.35, the price-to-book (PB) ratio at 3.35.
Financial Health
The quick ratio of Fresh Vine Wine Inc. for the recent quarter was 1.20, and the current ratio was 2.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the recent quarter. Fresh Vine Wine Inc.’s EBITDA margin is -532.52%. Its gross profit as reported stood at $0.31 million compared to revenue of $2.86 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.42 million in the quarter, while revenues were shrunk -3.17%. At the end of the recent quarter, Fresh Vine Wine Inc.’s stock balance sheet showed total liabilities of 1.46 million. Shareholders own equity worth $15.98 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Fresh Vine Wine Inc. (VINE) price momentum. RSI 9-day as of the close on 23 August was 59.41%, suggesting the stock is Neutral, with historical volatility in this time frame at 165.77%.
As of today, VINE’s price is $0.4004 +43.14% or $0.1370 from its 5-day moving average. VINE is currently trading -27.84% lower than its 20-day SMA and -7.21% lower than its 100-day SMA. However, the stock’s current price level is -12.63% below the SMA50 and -71.85% below the SMA200.
The stochastic %K and %D were 70.85% and 58.91%, respectively, and the average true range (ATR) was 0.0722. With the 14-day stochastic at 70.98% and the average true range at 0.0772, the RSI (14) stands at 54.21%. The stock has reached 0.0515 on the 9-day MACD Oscillator while the 14-day reading was at 0.0428.
