Vroom Inc. [NASDAQ: VRM] slipped around -0.27 points on Monday, while shares priced at $1.08 at the close of the session, down -20.00%. The company report on May 9, 2022 that Vroom Exceeds Q1 Guidance Across All Key Financial Metrics; Vroom Announces Business Realignment Plan.
Vroom, Inc. (Nasdaq:VRM), a leading ecommerce platform for buying and selling used vehicles, today announced financial results for the first quarter ended March 31, 2022.
Compared to the average trading volume of 12.70M shares, VRM reached a trading volume of 15393901 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $9.31 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.
William Blair have made an estimate for Vroom Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 28, 2022. While these analysts kept the previous recommendation, Stifel raised their target price from $10 to $4. The new note on the price target was released on March 02, 2022, representing the official price target for Vroom Inc. stock. Previously, the target price had yet another drop from $16 to $6, while Wells Fargo kept a Equal Weight rating on VRM stock.
The Average True Range (ATR) for Vroom Inc. is set at 0.21, with the Price to Sales ratio for VRM stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.16, with the Price to Cash per share for the same quarter was set at 7.74.
How has VRM stock performed recently?
Vroom Inc. [VRM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -33.33. With this latest performance, VRM shares dropped by -52.63% in over the last four-week period, additionally sinking by -94.36% over the last 6 months – not to mention a drop of -97.18% 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 23.33, with the RSI for the last a single of trading hit 18.42, and the three-weeks RSI is set at 26.53 for Vroom Inc. [VRM]. The present Moving Average for the last 50 days of trading for this stock 2.4110, while it was recorded at 1.4000 for the last single week of trading, and 14.4446 for the last 200 days.
Vroom Inc. [VRM]: Deeper insight into the 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.
Insider trade positions for Vroom Inc. [VRM]
There are presently around $126 million, or 92.90% 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; VANGUARD GROUP INC, holding 9,785,681 shares of the stock with an approximate value of $10.57 million in VRM stocks shares; and SPYGLASS CAPITAL MANAGEMENT LLC, currently with $9.05 million in VRM stock with ownership of nearly 31.752% 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 135 institutional holders increased their position in Vroom Inc. [NASDAQ:VRM] by around 22,119,553 shares. Additionally, 91 investors decreased positions by around 37,249,867 shares, while 25 investors held positions by with 57,221,808 shares. The mentioned changes placed institutional holdings at 116,591,228 shares, according to the latest SEC report filing. VRM stock had 54 new institutional investments in for a total of 6,922,873 shares, while 43 institutional investors sold positions of 27,271,587 shares during the same period.