Commercial Vehicle Group Inc [NASDAQ: CVGI] gained 0.76% or 0.01 points to close at $1.33 with a heavy trading volume of 124761 shares.
The daily chart for CVGI points out that the company has recorded -44.12% loss over the past six months.
If we look at the average trading volume of 429.63K shares, CVGI reached to a volume of 124761 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 Commercial Vehicle Group Inc [CVGI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CVGI shares is $4.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CVGI 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.
Noble Capital Markets have made an estimate for Commercial Vehicle Group Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 01, 2022. The new note on the price target was released on August 11, 2020, representing the official price target for Commercial Vehicle Group Inc stock. Previously, the target price had yet another raise from $7.50 to $8.50, while Barrington Research kept a Outperform rating on CVGI stock.
The Average True Range (ATR) for Commercial Vehicle Group Inc is set at 0.13, with the Price to Sales ratio for CVGI stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.31, with the Price to Cash per share for the same quarter was set at 0.58.
Trading performance analysis for CVGI stock
Commercial Vehicle Group Inc [CVGI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.90. With this latest performance, CVGI shares gained by 22.02% in over the last four-week period, additionally sinking by -44.12% over the last 6 months – not to mention a drop of -74.27% 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 CVGI stock in for the last two-week period is set at 55.58, with the RSI for the last a single of trading hit 56.40, and the three-weeks RSI is set at 52.91 for Commercial Vehicle Group Inc [CVGI]. The present Moving Average for the last 50 days of trading for this stock 1.1787, while it was recorded at 1.3600 for the last single week of trading, and 2.2925 for the last 200 days.
Commercial Vehicle Group Inc [CVGI]: A deeper dive into fundamental analysis
Commercial Vehicle Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.23 and a Current Ratio set at 2.12.
An analysis of Institutional ownership at Commercial Vehicle Group Inc [CVGI]
There are presently around $68.86%, or 72.69%% of CVGI stock, in the hands of institutional investors. The top three institutional holders of CVGI stocks are: FORAGER CAPITAL MANAGEMENT, LLC with ownership of 3.44 million shares, which is approximately 10.2949%. ROYCE & ASSOCIATES LP, holding 2.43 million shares of the stock with an approximate value of $$11.93 million in CVGI stocks shares; and ROYCE & ASSOCIATES LP, currently with $$11.33 million in CVGI stock with ownership which is approximately 6.9231%.
