Vinco Ventures Inc. [BBIG] is -58.29% lower this YTD. Is it still time to buy?

Vinco Ventures Inc. [NASDAQ: BBIG] slipped around -0.05 points on Monday, while shares priced at $0.68 at the close of the session, down -7.15%. The company report on November 28, 2022 that Vinco Ventures Announces Receipt of Deficiency Notice from Nasdaq Regarding Failure to Comply with Requirement to Timely File Quarterly Report on Form 10-Q.

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As a result of a delinquency notice received with respect to the Company’s as yet filed 10-Q for the quarter ended June 30, 2022, the Company has submitted a plan of compliance to file both delinquent 10-Qs no later than January 30, 2023. The Company will submit an update to this plan of compliance to Nasdaq no later than December 19, 2022 confirming the above referenced timetable.

Vinco Ventures Inc. stock is now -58.29% down from its year-to-date (YTD) trading value. BBIG Stock saw the intraday high of $0.745 and lowest of $0.6508 per share. The company’s 52-week high price is 3.73, which means current price is +3.75% above from all time high which was touched on 01/18/22.

Compared to the average trading volume of 8.63M shares, BBIG reached a trading volume of 6078759 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Vinco Ventures Inc. [BBIG]?

The Average True Range (ATR) for Vinco Ventures Inc. is set at 0.06, with the Price to Sales ratio for BBIG stock in the period of the last 12 months amounting to 7.19.

How has BBIG stock performed recently?

Vinco Ventures Inc. [BBIG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.61. With this latest performance, BBIG shares dropped by -25.81% in over the last four-week period, additionally sinking by -67.45% over the last 6 months – not to mention a drop of -76.48% 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 34.70, with the RSI for the last a single of trading hit 31.85, and the three-weeks RSI is set at 37.19 for Vinco Ventures Inc. [BBIG]. The present Moving Average for the last 50 days of trading for this stock 0.8892, while it was recorded at 0.7058 for the last single week of trading, and 1.8007 for the last 200 days.

Vinco Ventures Inc. [BBIG]: Deeper insight into the 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.

Insider trade positions for Vinco Ventures Inc. [BBIG]

There are presently around $30 million, or 21.50% of BBIG stock, in the hands of institutional investors. The top three institutional holders of BBIG stocks are: BLACKROCK INC. with ownership of 13,974,001, which is approximately 16.293% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 9,051,276 shares of the stock with an approximate value of $6.11 million in BBIG stocks shares; and STATE STREET CORP, currently with $2.72 million in BBIG stock with ownership of nearly 28.682% of the company’s market capitalization.

61 institutional holders increased their position in Vinco Ventures Inc. [NASDAQ:BBIG] by around 7,703,875 shares. Additionally, 31 investors decreased positions by around 6,286,570 shares, while 14 investors held positions by with 30,944,300 shares. The mentioned changes placed institutional holdings at 44,934,745 shares, according to the latest SEC report filing. BBIG stock had 14 new institutional investments in for a total of 719,658 shares, while 17 institutional investors sold positions of 3,852,541 shares during the same period.

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