Vicinity Motor Corp

Company Profile

Vicinity Motor Corp had its IPO on 2017-09-22 under the ticker symbol VEV.

The company operates in the Consumer Cyclical sector and Auto Manufacturers industry. Vicinity Motor Corp has a staff strength of 60 employees.

Stock update

Shares of Vicinity Motor Corp opened at $1 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.99 - $1.02, and closed at $1.02.

This is a 0% increase from the previous day's closing price.

A total volume of 49,326 shares were traded at the close of the day’s session.

In the last one week, shares of Vicinity Motor Corp have slipped by -3.77%.

Vicinity Motor Corp's Key Ratios

Vicinity Motor Corp has a market cap of $48.41 million, indicating a price to book ratio of 1.0149 and a price to sales ratio of 1.9521.

In the last 12-months Vicinity Motor Corp’s revenue was $11.02 million with a gross profit of $4.24 million and an EBITDA of $-8885000. The EBITDA ratio measures Vicinity Motor Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Vicinity Motor Corp’s operating margin was -94.72% while its return on assets stood at -9.73% with a return of equity of -38.48%.

In Q2, Vicinity Motor Corp’s quarterly earnings growth was a positive 0% while revenue growth was a negative 59%.

Vicinity Motor Corp’s PE and PEG Ratio

Forward PE

6.135

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.35 per share while it has a forward price to earnings multiple of 6.135 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Vicinity Motor Corp’s profitability.

Vicinity Motor Corp stock is trading at a EV to sales ratio of 2.2797 and a EV to EBITDA ratio of -3.2677. Its price to sales ratio in the trailing 12-months stood at 1.9521.

Vicinity Motor Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$68.33 million

Total Liabilities

$24.08 million

Operating Cash Flow

$0

Capital Expenditure

$231000

Dividend Payout Ratio

0%

Vicinity Motor Corp ended 2024 with $68.33 million in total assets and $0 in total liabilities. Its intangible assets were valued at $68.33 million while shareholder equity stood at $34.15 million.

Vicinity Motor Corp ended 2024 with $0 in deferred long-term liabilities, $24.08 million in other current liabilities, 76806000.00 in common stock, $-50778000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $7.26 million and cash and short-term investments were $7.26 million. The company’s total short-term debt was $14,228,000 while long-term debt stood at $2.82 million.

Vicinity Motor Corp’s total current assets stands at $30.86 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $3.95 million compared to accounts payable of $5.55 million and inventory worth $10.95 million.

In 2024, Vicinity Motor Corp's operating cash flow was $0 while its capital expenditure stood at $231000.

Comparatively, Vicinity Motor Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.02

52-Week High

$1.49

52-Week Low

$0.64

Analyst Target Price

$3

Vicinity Motor Corp stock is currently trading at $1.02 per share. It touched a 52-week high of $1.49 and a 52-week low of $1.49. Analysts tracking the stock have a 12-month average target price of $3.

Its 50-day moving average was $1.04 and 200-day moving average was $0.9 The short ratio stood at 4.22 indicating a short percent outstanding of 0%.

Around 1007.4% of the company’s stock are held by insiders while 262.4% are held by institutions.