As of Friday close, Vroom Inc.’s (NASDAQ:VRM) stock was down -$0.01, moving down -0.91 percent to $1.09. The average number of shares traded per day over the past five days has been 1,976,780 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.1900 fall in that time frame. In the last twenty days, the average volume was 2,786,800, while in the previous 50 days, it was 5,613,824.
Since last month, VRM stock retreated -7.63%. Shares of the company fell to $1.0500 on 09/22/23, 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 6.86% or $0.0700, and marked a new high 16 times. However, the stock has declined by -61.35% since its 52-week high.
VRM stock investors should be aware that Vroom Inc. (VRM) stock had its last reported insider trading activity 8 days ago on Sep 15. Krakowiak Robert R., the Chief Financial Officer of the company, disposed of 7,399 shares for $1.30 on Sep 15. It resulted in a $9,600 divestment by the insider. MYLOD ROBERT J JR added 500,000 shares at an average price of $0.76 on May 25. The insider now owns 970,138 shares following the transaction. On May 22, Principal Accounting Officer Zakowicz Agnieszka sold 6,131 shares at $0.77 apiece. The transaction was valued at $4,731.
Valuation Metrics
The stock’s beta is 2.29. Besides these, the trailing price-to-sales (P/S) ratio of 0.16, the price-to-book (PB) ratio of 0.45.
Financial Health
In the three months ended June 29, 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 June 29 was 1.61, and the total debt-to-equity ratio was 2.69. On the profitability front, the trailing twelve-month gross margin is 18.70% percent. In the year ended June 29, EBITDA margin amounted to -17.97%, whereas operating margins totaled -9.50%. Based on annual data, VRM earned $244.79 million in gross profit and brought in $1.95 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -32.20%. Return on equity (ROE) for the past 12 months was -40.40%.
In Vroom Inc.’s quarter-end financial report for June 29, it reported total debt of $544.93 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VRM’s revenue fell -111.27% to $195.81 million during the quarter, while net income inched up to $225.0 million. While analysts expected Vroom Inc. to report -$0.57 quarterly earnings, the actual figure was -$0.48 per share, beating the consensus estimate by 15.80%. During the quarter, the company generated -$47.68 million in EBITDA. The liabilities of Vroom Inc. were 1.25 billion at the end of its most recent quarter ended June 29, and its total debt was $1.12 billion. The value of shareholders’ equity is $139.66 million.
Technical Picture
This quick technical analysis looks at Vroom Inc.’s (VRM) price momentum. With a historical volatility rate of 57.82%, the RSI 9-day stood at 34.36% on 22 September.
With respect to its five-day moving average, the current Vroom Inc. price is down by -14.84% percent or -$0.1900. At present, VRM shares trade -1.80% below its 20-day simple moving average and +34.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately -50.45% below its SMA50 and -1.80% below its SMA200.
Stochastic coefficient K was 10.29% and Stochastic coefficient D was 15.73%, while ATR was 0.1020. Given the Stochastic reading of 13.79% for the 14-day period, the RSI (14) reading has been calculated as 37.78%. As of today, the MACD Oscillator reading stands at -0.0856, while the 14-day reading stands at -0.0852.
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.
