Vroom Inc. [VRM] Revenue clocked in at $1.31 billion, down -29.94% YTD: What’s Next?

Vroom Inc. [NASDAQ: VRM] price plunged by -7.37 percent to reach at -$2.67. The company report on November 12, 2020 that Vroom Reports Third Quarter 2020 Results.

Vroom Delivers Record Ecommerce Units and Gross Profit.

Ecommerce Unit Sales Up 59% YoY.

A sum of 4881889 shares traded at recent session while its average daily volume was at 1.81M shares. Vroom Inc. shares reached a high of $36.74 and dropped to a low of $32.99 until finishing in the latest session at $33.56.

The one-year VRM stock forecast points to a potential upside of 41.12. The average equity rating for VRM stock is currently 1.80, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Vroom Inc. [VRM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VRM shares is $57.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VRM stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for Vroom Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 10, 2020. The new note on the price target was released on October 05, 2020, representing the official price target for Vroom Inc. stock. Previously, the target price had yet another raise from $52 to $60, while Goldman kept a Buy rating on VRM stock.

The Average True Range (ATR) for Vroom Inc. is set at 3.05, with the Price to Sales ratio for VRM stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 3.18, with the Price to Cash per share for the same quarter was set at 9.11.

VRM Stock Performance Analysis:

Vroom Inc. [VRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.15.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VRM stock in for the last two-week period is set at 32.95, with the RSI for the last a single of trading hit 29.23, and the three-weeks RSI is set at 34.10 for Vroom Inc. [VRM]. The present Moving Average for the last 50 days of trading for this stock 46.80, while it was recorded at 36.87 for the last single week of trading.

Insight into Vroom Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Vroom Inc. [VRM] shares currently have an operating margin of -11.17 and a Gross Margin at +4.35. Vroom Inc.’s Net Margin is presently recorded at -23.14.

Return on Total Capital for VRM is now -32.62, given the latest momentum, and Return on Invested Capital for the company is -102.32. Return on Equity for this stock declined to -105.50, with Return on Assets sitting at -57.67. When it comes to the capital structure of this company, Vroom Inc. [VRM] has a Total Debt to Total Equity ratio set at 57.83. Additionally, VRM Total Debt to Total Capital is recorded at 36.64, with Total Debt to Total Assets ending up at 30.85.

Receivables Turnover for the company is 54.11 with a Total Asset Turnover recorded at a value of 2.49.Vroom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 4.20.

Vroom Inc. [VRM] Insider Position Details

There are presently around $2,054 million, or 64.00% of VRM stock, in the hands of institutional investors. The top three institutional holders of VRM stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 15,875,263, which is approximately -0.959% of the company’s market cap and around 5.90% of the total institutional ownership; BLACKROCK INC., holding 5,068,618 shares of the stock with an approximate value of $170.1 million in VRM stocks shares; and DURABLE CAPITAL PARTNERS LP, currently with $143.35 million in VRM stock with ownership of nearly -21.275% of the company’s market capitalization.

Positions in Vroom Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 116 institutional holders increased their position in Vroom Inc. [NASDAQ:VRM] by around 20,378,928 shares. Additionally, 48 investors decreased positions by around 3,966,456 shares, while 8 investors held positions by with 36,858,379 shares. The mentioned changes placed institutional holdings at 61,203,763 shares, according to the latest SEC report filing. VRM stock had 76 new institutional investments in for a total of 4,149,305 shares, while 31 institutional investors sold positions of 1,606,790 shares during the same period.

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