Vinco Ventures Inc. [NASDAQ: BBIG] stock went on an upward path that rose over 4.95% on Monday, amounting to a one-week price decrease of less than -0.80%. The company report on December 19, 2022 that Vinco Ventures Completes Acquisition of TikTok Rival Lomotif.
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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.
Over the last 12 months, BBIG stock dropped by -57.39%.
The market cap for the stock reached $145.97 million, with 210.59 million shares outstanding and 187.78 million shares in the current float. Compared to the average trading volume of 6.63M shares, BBIG stock reached a trading volume of 9873446 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 0.08, with the Price to Sales ratio for BBIG stock in the period of the last 12 months amounting to 7.76.
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 -0.80. With this latest performance, BBIG shares gained by 14.86% in over the last four-week period, additionally sinking by -35.00% over the last 6 months – not to mention a drop of -57.39% 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 55.72, with the RSI for the last a single of trading hit 58.13, and the three-weeks RSI is set at 52.82 for Vinco Ventures Inc. [BBIG]. The present Moving Average for the last 50 days of trading for this stock 0.6266, while it was recorded at 0.6976 for the last single week of trading, and 1.3918 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 $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 $6.05 million in BBIG stocks shares; and STATE STREET CORP, currently with $2.7 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.