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Wednesday, September 27, 2023

Analyst Expects Vroom Inc. (NASDAQ: VRM) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Vroom Inc. (VRM) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 1.59%, to $1.28. The Vroom Inc. has recorded 5,397 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Vroom Announces Second Quarter 2023 Results.

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Stocks Info

As a NASDAQ listed company, VRM falls under the Consumer Cyclical sector while operating within the Auto & Truck Dealerships industry segment. At the end of the last regular session, the stock closed at $1.26 and fluctuated between $1.3250 as its day high and $1.2600 as its day low. The current market capitalization of Vroom Inc. is $176.01M. A total of 1.88 million shares were traded on the day, compared to an average of 6.60M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, VRM has seen 5 BUY and 0 SELL insider trades, representing the acquisition of 488,280 and the disposition of 0 shares. Over the last 12 months, there were 13 BUYs and 11 SELLs from insiders. Insiders purchased 4,618,620 shares during that period but sold 102,646.

In the most recent transaction, MYLOD ROBERT J JR bought 500,000 shares of VRM for 0.76 per share on May 25. After the transaction, the Director now owns 970,138 company shares. In a previous transaction on May 22, Zakowicz Agnieszka sold 6,131 shares at 0.77 per share. VRM shares that Principal Accounting Officer owns now total 371,802.

Among the insiders who sold shares, Zakowicz Agnieszka disposed of 360 shares on Mar 14 at a per-share price of $0.80. This resulted in the Principal Accounting Officer holding 202,933 shares of VRM after the transaction. In another insider transaction, Zakowicz Agnieszka sold 4,809 shares at $0.92 per share on Mar 06. Company shares held by the Principal Accounting Officer now total 203,293.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VRM in the last 3 months, the mean price target is $1.06 with high estimates of $1.25 and low estimates of $1.00. In terms of 52-week highs and lows, VRM has a high of $2.82 and a low of $0.73.

As of this writing, VRM has an earnings estimate of -$0.42 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of -$0.37 per share and a lower estimate of -$0.46. The company reported an EPS of -$0.54 in the last quarter, which was 3.60% higher than expectations of -$0.56.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VRM’s latest balance sheet shows that the firm has $1.13B in Cash & Short Term Investments as of fiscal 2021. There were $1.14B in debt and $827.26M in liabilities at the time. Its Book Value Per Share was $2.43, while its Total Shareholder’s Equity was $915.19M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VRM is Buy with a score of 3.40.

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