Commercial Vehicle Group Inc [NASDAQ: CVGI] plunged by -$0.02 during the normal trading session on Thursday and reaching a high of $2.04 during the day while it closed the day at $1.98.
Commercial Vehicle Group Inc stock has also gained 40.43% of its value over the past 7 days. However, CVGI stock has inclined by 54.69% in the 3 months of the year. Over the past six months meanwhile, it has lost -16.81% and lost -60.08% year-on date.
The market cap for CVGI stock reached $68.58 million, with 31.44 million shares outstanding and 28.15 million shares in the current float. Compared to the average trading volume of 486.71K shares, CVGI reached a trading volume of 381524 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 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 Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 0.58.
CVGI stock trade performance evaluation
Commercial Vehicle Group Inc [CVGI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 40.43. With this latest performance, CVGI shares gained by 34.69% in over the last four-week period, additionally sinking by -16.81% over the last 6 months – not to mention a drop of -20.16% in the past year of trading.
Commercial Vehicle Group Inc [CVGI]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Commercial Vehicle Group Inc [CVGI] shares currently have an operating margin of 0.45% and a Gross Margin at 10.11%. Commercial Vehicle Group Inc’s Net Margin is presently recorded at -4.78%.
Return on Equity for this stock declined to -8.74%, with Return on Assets sitting at -8.74%.
Commercial Vehicle Group Inc [CVGI]: Institutional Ownership
There are presently around $68.80%, or 73.30% 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%.
