Vicinity Motor Corp
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- Market Cap.:
- $48.41 million
- Book Value:
- Revenue TTM:
- $11.02 million
- Operating Margin TTM:
- Gross Profit TTM:
- $4.24 million
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- Dividend Payout Ratio
Vicinity Motor Corp ended 2023 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 2023 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 2023, 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 2023.
Other key metrics
- Current Trading Price
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About Vicinity Motor Corp
Similar Industry Stocks (Auto Manufacturers)
Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021. The company was founded in 2008 and is headquartered in Aldergrove, Canada.