Telsey Advisory Group lowered the price target for the Vintage Wine Estates Inc (NASDAQ:VWE) stock from “a Market perform” to “an Underperform”. The rating was released on February 09, 2023, according to finviz. We previously noted in another research note published on February 09, 2023 by Canaccord Genuity that downgraded the stock from a Hold to a Sell with a price target of $1 for VWE stock. The research report from Telsey Advisory Group has upgraded the stock from Market Perform to Outperform, with a price target set at $3.50. The stock was downgraded by DA Davidson, who disclosed in a research note on November 10, 2022, from Buy to Neutral and set the price objective to $3. In their research brief published October 04, 2022, DA Davidson analysts downgraded the Vintage Wine Estates Inc stock from Buy to Neutral with a price target of $3.
Historical Earnings Surprises and Revenue Forecasts
Profit is the most critical financial performance measure. Every investor in a business is looking forward to the earnings report as stock price to increase when earnings exceed market expectations and progressively decrease when earnings do not meet expectations. The firm reported an earnings per share (EPS) of -$0.17 during the last quarter as opposed to a consensus estimate of -$0.14, which indicates the company missed its estimate by -$0.03, which implies that the company surprised the market by -21.40%. It appears that the average earnings per share estimate for the current quarter (ending in Dec 2023) is $0. This is an average of 0 analysts’ earnings, where the high earnings per share estimate is $0 and the low earnings per share estimate is $0. According to 1 analyst estimates, an average revenue estimate of $72.13M is projected for the current quarter with a high revenue estimate of $72.13M and a low estimate of $72.13M.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -4.03% within the last five trades and -20.14% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -46.01% in the last 6 months and -29.05% was subtracted to its value over the previous 3 months. VWE stock is trading at a margin of -17.73%, -20.24% and -44.76% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VWE deals in the Consumer Defensive domain. The stock is trading -75.26 percent below its 52-week high and 2.71 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -67.99. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Vintage Wine Estates Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -26.52 percent and the profit margin is -44.87 percent, and the company has reported a gross margin of 13.02 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $21.56 million as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.08 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 0.19, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 48.31 percent of Vintage Wine Estates Inc shares are owned by insiders, and 21.34 percent are held by financial institutions. Roney Patrick A, the Executive Chairman at Vintage Wine Estates Inc (VWE) has bought 100,000 shares of firm on Dec 13 ’23 at a price of $0.53 against the total amount of $53000.0. In another inside trade, Proctor Timothy D, Director of Vintage Wine Estates Inc (NASDAQ:VWE) bought 1,802 shares of the firm on Nov 30 ’23 for a total worth of $1027.0 at a price of $0.57. An inside trade which took place on Nov 29 ’23, Director of Vintage Wine Estates Inc Proctor Timothy D bought 30,050 shares of firm against total price of $17128.0 at the cost of $0.57 per share.
