Market Analysts see Vintage Wine Estates Inc [VWE] falling to $1.50. Time to buy?

Vintage Wine Estates Inc [NASDAQ: VWE] closed the trading session at $0.07.

The stocks have a year to date performance of -86.74 percent and weekly performance of -40.64 percent. The stock has been moved at -86.55 percent over the last six months. The stock has performed -51.03 percent around the most recent 30 days and changed -72.25 percent over the most recent 3-months.

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If compared to the average trading volume of 1.68M shares, VWE reached to a volume of 78046899 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Vintage Wine Estates Inc [VWE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VWE shares is $1.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VWE stock is a recommendation set at 1.00. 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.

Telsey Advisory Group have made an estimate for Vintage Wine Estates Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on February 09, 2023. While these analysts kept the previous recommendation, Canaccord Genuity dropped their target price from $2 to $1. The new note on the price target was released on February 09, 2023, representing the official price target for Vintage Wine Estates Inc stock. Previously, the target price had yet another raise to $3.50, while Telsey Advisory Group analysts kept a Outperform rating on VWE stock.

The Average True Range (ATR) for Vintage Wine Estates Inc is set at 0.03, with the Price to Sales ratio for VWE stock in the period of the last 12 months amounting to 0.02. The Price to Book ratio for the last quarter was 0.05, with the Price to Cash per share for the same quarter was set at 0.39.

VWE stock trade performance evaluation

Vintage Wine Estates Inc [VWE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -40.64. With this latest performance, VWE shares dropped by -51.03% in over the last four-week period, additionally sinking by -86.55% over the last 6 months – not to mention a drop of -93.34% 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 VWE stock in for the last two-week period is set at 23.68, with the RSI for the last a single of trading hit 16.67, and the three-weeks RSI is set at 28.92 for Vintage Wine Estates Inc [VWE]. The present Moving Average for the last 50 days of trading for this stock 0.1878, while it was recorded at 0.0874 for the last single week of trading, and 0.3952 for the last 200 days.

Vintage Wine Estates Inc [VWE]: An insightful look at the core fundamentals

Vintage Wine Estates Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.31 and a Current Ratio set at 0.67.

Vintage Wine Estates Inc [VWE]: Institutional Ownership

The top three institutional holders of VWE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in VWE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in VWE stock with ownership which is approximately 5.1238%.

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