Market cap of Vinco Ventures Inc. [BBIG] reaches 483.30M – now what?



Vinco Ventures Inc. [NASDAQ: BBIG] stock went on an upward path that rose over 28.02% on Friday, amounting to a one-week price increase of more than 32.66%. The company report on May 5, 2022 that Vinco Sets Record Date and Distribution Date for Planned Business Separation of Cryptyde.

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Vinco Ventures, Inc. (NASDAQ: BBIG) (“Vinco”), a digital media and content technologies holding company, today announced that May 18, 2022 has been set as the record date for the dividend of shares of common stock of Cryptyde, Inc. (“Cryptyde”) to be distributed to Vinco stockholders in order to effect the separation of Vinco and Cryptyde into two independent, publicly traded companies.

Each Vinco stockholder of record as of the close of business on May 18, 2022 will receive, on the distribution date, one share of Cryptyde common stock for every 10 shares of Vinco common stock held. The share dividend is expected to be distributed to Vinco stockholders on or about May 27, 2022. Following the separation, Vinco stockholders will also receive cash in lieu of any fractional shares of Cryptyde common stock that those holders would have received after application of the 10:1 distribution ratio. No action is required by Vinco stockholders in order to receive the shares of Cryptyde common stock in the dividend distribution.

Over the last 12 months, BBIG stock rose by 41.20%.

The market cap for the stock reached $483.30 million, with 126.91 million shares outstanding and 123.48 million shares in the current float. Compared to the average trading volume of 22.40M shares, BBIG stock reached a trading volume of 137850967 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Vinco Ventures Inc. [BBIG]:

The Average True Range (ATR) for Vinco Ventures Inc. is set at 0.27, with the Price to Sales ratio for BBIG stock in the period of the last 12 months amounting to 49.32. The Price to Book ratio for the last quarter was 3.70, with the Price to Cash per share for the same quarter was set at 0.60.

BBIG Stock Performance Analysis:

Vinco Ventures Inc. [BBIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 32.66. With this latest performance, BBIG shares gained by 13.84% in over the last four-week period, additionally sinking by -26.40% over the last 6 months – not to mention a rise of 41.20% 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 BBIG stock in for the last two-week period is set at 65.39, with the RSI for the last a single of trading hit 72.90, and the three-weeks RSI is set at 60.25 for Vinco Ventures Inc. [BBIG]. The present Moving Average for the last 50 days of trading for this stock 2.62, while it was recorded at 2.75 for the last single week of trading, and 3.92 for the last 200 days.

Insight into Vinco Ventures Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Vinco Ventures Inc. [BBIG] shares currently have an operating margin of -780.97 and a Gross Margin at -12.87. Vinco Ventures Inc.’s Net Margin is presently recorded at -7231.48.

Return on Equity for this stock declined to -1,099.12, with Return on Assets sitting at -326.92.

Vinco Ventures Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.10 and a Current Ratio set at 3.10.

Vinco Ventures Inc. [BBIG] Insider Position Details

There are presently around $54 million, or 8.60% of BBIG stock, in the hands of institutional investors. The top three institutional holders of BBIG stocks are: VANGUARD GROUP INC with ownership of 5,289,880, which is approximately 110.877% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 2,254,496 shares of the stock with an approximate value of $7.42 million in BBIG stocks shares; and MARSHALL WACE, LLP, currently with $3.74 million in BBIG stock with ownership of nearly New of the company’s market capitalization.

57 institutional holders increased their position in Vinco Ventures Inc. [NASDAQ:BBIG] by around 9,380,936 shares. Additionally, 30 investors decreased positions by around 12,576,835 shares, while 10 investors held positions by with 5,551,223 shares. The mentioned changes placed institutional holdings at 16,406,548 shares, according to the latest SEC report filing. BBIG stock had 34 new institutional investments in for a total of 2,565,157 shares, while 13 institutional investors sold positions of 1,960,766 shares during the same period.