Vroom Inc. (NASDAQ:VRM) saw an upside of 4.41% to $1.12 after adding $0.05 on Wednesday. The 5-day average trading volume is 1,632,893 shares of the company’s common stock. It has gained $1.1600 in the past week and touched a new high 1 time within the past 5 days. An average of 2,510,568 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,008,131.
VRM’s 1-month performance is -7.67% or -$0.0059 on its low of $1.0200 reached on 09/25/23. 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 9.53% or $0.1041 and has reached a new high 16 times. However, the current price is down -60.38% from the 52-week high price.
Insider Transactions
VRM stock investors last saw insider trading activity on Sep 15.Krakowiak Robert R. (Chief Financial Officer) most recently sold 7,399 shares at $1.30 per share on Sep 15. This transaction cost the insider $9,600. Principal Accounting Officer, Zakowicz Agnieszka, sold 6,131 shares at a price of $0.77 on May 22. Then, on Mar 14, Principal Accounting Officer Zakowicz Agnieszka sold 360 shares at a price of $0.80 per share. This transaction amounted to $289.
Valuation Metrics
VRM stock has a beta of 2.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.16 while the price-to-book (PB) in the most recent quarter is 0.46.
Vroom Inc.’s quick ratio for the period ended June 29 was 1.02, with the current ratio over the same period at 1.33. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.68, while the total debt to equity was 3.31. In terms of profitability, the gross margin trailing 12 months is 14.18%. The trailing 12-month EBITDA margin is -17.97% while for the period ending June 29, Vroom Inc.’s operating margin was -26.62%. 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 26 September was 43.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.47%.
The stock’s 5-day moving average is $1.0868, reflecting a +0.37% or $0.0041 change from its current price. VRM is currently trading -10.07% above its 20-day SMA, +50.30% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -49.82% and SMA200 by+7.06%.
Stochastic %K and %D was 19.18% and 14.05% and the average true range (ATR) pointed at 0.0925. The RSI (14) points at 42.02%, while the 14-day stochastic is at 32.53% with the period’s ATR at 0.1098. The stock’s 9-day MACD Oscillator is pointing at -0.0546 and -0.0789 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.
