Vinco Ventures Inc. [NASDAQ: BBIG] price surged by 3.38 percent to reach at $0.08. The company report on May 25, 2022 that Vinco Ventures, Inc. Delays Cryptyde Spin-off Distribution Date.
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Vinco Ventures, Inc. (NASDAQ:BBIG), a digital media and content technologies holding company (“Vinco Ventures,” “Vinco,” or the “Company”), today announced that, due to contractual and regulatory conditions, the Company’s Board of Directors has decided to delay the distribution date for the previously announced spin-off of Cryptyde, Inc. (“Cryptyde”).
On May 5, 2022, the Company announced that each Vinco stockholder of record as of the close of business on May 18, 2022 would receive one share of Cryptyde common stock for every ten shares of Vinco common stock held and that such share dividend was expected to be distributed on or about May 27, 2022. The Company currently expects the distribution date for the Cryptyde spin-off to occur on or about the end of the second quarter of 2022, subject to certain contractual and regulatory conditions being met or waived.
A sum of 21399049 shares traded at recent session while its average daily volume was at 23.35M shares. Vinco Ventures Inc. shares reached a high of $2.57 and dropped to a low of $2.29 until finishing in the latest session at $2.45.
Guru’s Opinion on Vinco Ventures Inc. [BBIG]:
The Average True Range (ATR) for Vinco Ventures Inc. is set at 0.30, with the Price to Sales ratio for BBIG stock in the period of the last 12 months amounting to 50.93.
BBIG Stock Performance Analysis:
Vinco Ventures Inc. [BBIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.22. With this latest performance, BBIG shares gained by 2.94% in over the last four-week period, additionally sinking by -25.30% over the last 6 months – not to mention a drop of -13.43% 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 43.99, with the RSI for the last a single of trading hit 40.19, and the three-weeks RSI is set at 45.76 for Vinco Ventures Inc. [BBIG]. The present Moving Average for the last 50 days of trading for this stock 2.74, while it was recorded at 2.70 for the last single week of trading, and 3.89 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 4.30 and a Current Ratio set at 4.30.
Vinco Ventures Inc. [BBIG] Insider Position Details
There are presently around $61 million, or 11.80% of BBIG stock, in the hands of institutional investors. The top three institutional holders of BBIG stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 6,219,271, which is approximately 1161.277% of the company’s market cap and around 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 5,530,071 shares of the stock with an approximate value of $13.55 million in BBIG stocks shares; and BLACKROCK INC., currently with $6.74 million in BBIG stock with ownership of nearly 22.013% of the company’s market capitalization.
55 institutional holders increased their position in Vinco Ventures Inc. [NASDAQ:BBIG] by around 11,173,594 shares. Additionally, 35 investors decreased positions by around 3,930,999 shares, while 14 investors held positions by with 9,600,166 shares. The mentioned changes placed institutional holdings at 24,704,759 shares, according to the latest SEC report filing. BBIG stock had 21 new institutional investments in for a total of 1,443,054 shares, while 18 institutional investors sold positions of 2,607,253 shares during the same period.