Market Analysts see Vroom Inc. [VRM] falling to $4. Time to buy?

Related

Vroom Inc. [NASDAQ: VRM] price surged by 1.85 percent to reach at $0.03. The company report on April 19, 2022 that Vroom Announces Upcoming Analyst and Investor Event.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

Vroom, Inc. (Nasdaq: VRM), a leading e-commerce platform for buying and selling used vehicles, today announced that it will host a virtual analyst and investor event on Thursday, May 26, 2022. Members of the leadership team will provide a presentation on Vroom’s strategic vision, key initiatives, and financial targets. There will also be a Q&A session.

More information on the event and participation details will be made available ahead of the date. A live webcast will be available at ir.vroom.com. An archived webcast of the event will also be accessible on the website.

A sum of 11346245 shares traded at recent session while its average daily volume was at 11.35M shares. Vroom Inc. shares reached a high of $1.78 and dropped to a low of $1.5912 until finishing in the latest session at $1.65.

The one-year VRM stock forecast points to a potential upside of 83.01. The average equity rating for VRM stock is currently 2.10, 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 $9.71 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 2.10. 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.

Stifel have made an estimate for Vroom Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on March 02, 2022. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $16 to $6. The new note on the price target was released on March 01, 2022, representing the official price target for Vroom Inc. stock.

The Average True Range (ATR) for Vroom Inc. is set at 0.25, with the Price to Sales ratio for VRM stock in the period of the last 12 months amounting to 0.07. The Price to Book ratio for the last quarter was 0.25, with the Price to Cash per share for the same quarter was set at 8.02.

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 -17.50. With this latest performance, VRM shares dropped by -46.60% in over the last four-week period, additionally sinking by -92.60% over the last 6 months – not to mention a drop of -96.37% in the past year of trading.

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 26.78, with the RSI for the last a single of trading hit 23.23, and the three-weeks RSI is set at 28.80 for Vroom Inc. [VRM]. The present Moving Average for the last 50 days of trading for this stock 3.5263, while it was recorded at 1.7680 for the last single week of trading, and 16.5277 for the last 200 days.

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 -11.26 and a Gross Margin at +5.94. Vroom Inc.’s Net Margin is presently recorded at -11.65.

Return on Equity for this stock declined to -34.63, with Return on Assets sitting at -18.13.

Vroom Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 2.50.

Vroom Inc. [VRM] Insider Position Details

There are presently around $209 million, or 93.10% of VRM stock, in the hands of institutional investors. The top three institutional holders of VRM stocks are: BLACKROCK INC. with ownership of 17,879,030, which is approximately -0.304% of the company’s market cap and around 0.90% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 11,864,978 shares of the stock with an approximate value of $19.58 million in VRM stocks shares; and VANGUARD GROUP INC, currently with $16.15 million in VRM stock with ownership of nearly -3.868% of the company’s market capitalization.

Positions in Vroom Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 127 institutional holders increased their position in Vroom Inc. [NASDAQ:VRM] by around 19,354,525 shares. Additionally, 93 investors decreased positions by around 23,773,529 shares, while 29 investors held positions by with 83,810,150 shares. The mentioned changes placed institutional holdings at 126,938,204 shares, according to the latest SEC report filing. VRM stock had 47 new institutional investments in for a total of 4,266,874 shares, while 43 institutional investors sold positions of 15,180,300 shares during the same period.