Vinco Ventures Inc. [NASDAQ: BBIG] gained 25.91% on the last trading session, reaching $0.67 price per share at the time. The company report on December 19, 2022 that Vinco Ventures Completes Acquisition of TikTok Rival Lomotif.
Vinco Ventures completes the purchase of all ZVV media equity of all ZVV Media Partners. ZVV is the joint venture between Vinco Ventures and Zash Global Media. .
Vinco Ventures announces the purchase of all ZVV equity interest of ZVV Media Partners, a joint venture with ZASH Global Media, including TikTok rival Lomotif.
Vinco Ventures Inc. represents 210.59 million in outstanding shares, while the company has a total market value of $112.88 million with the latest information. BBIG stock price has been found in the range of $0.522 to $0.71.
If compared to the average trading volume of 5.81M shares, BBIG reached a trading volume of 17182284 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Vinco Ventures Inc. [BBIG]:
The Average True Range (ATR) for Vinco Ventures Inc. is set at 0.07, with the Price to Sales ratio for BBIG stock in the period of the last 12 months amounting to 6.00.
Trading performance analysis for BBIG stock
Vinco Ventures Inc. [BBIG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 30.92. With this latest performance, BBIG shares gained by 20.43% in over the last four-week period, additionally sinking by -36.33% over the last 6 months – not to mention a drop of -61.84% 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 61.98, with the RSI for the last a single of trading hit 72.24, and the three-weeks RSI is set at 55.27 for Vinco Ventures Inc. [BBIG]. The present Moving Average for the last 50 days of trading for this stock 0.6428, while it was recorded at 0.5576 for the last single week of trading, and 1.4501 for the last 200 days.
Vinco Ventures Inc. [BBIG]: A deeper dive into fundamental analysis
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.
An analysis of insider ownership at 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 7,715,375 shares. Additionally, 30 investors decreased positions by around 6,286,545 shares, while 15 investors held positions by with 30,944,825 shares. The mentioned changes placed institutional holdings at 44,946,745 shares, according to the latest SEC report filing. BBIG stock had 15 new institutional investments in for a total of 731,658 shares, while 16 institutional investors sold positions of 3,852,516 shares during the same period.