Vicinity Motor (DB:6LGA) - Stock Price, News & Analysis

6LGA Stock Overview

Designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada.

About the company

6LGA fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Does not have a meaningful market cap (€4M)

Earnings have declined by 44.1% per year over past 5 years

Highly volatile share price over the past 3 months compared to the German market

Shareholders have been diluted in the past year

Vicinity Motor Corp. Competitors

STS Group

XTRA:SF3

€28.1m

SMT Scharf

XTRA:S188

€45.4m

MS Industrie

XTRA:MSAG

€39.6m

SCHUMAG

DUSE:SCM

€1.7m

Price History & Performance

Summary of all time highs, changes and price drops for Vicinity Motor
Historical stock prices
Current Share Price	CA$0.032
52 Week High	CA$1.09
52 Week Low	CA$0.021
Beta	0.32
11 Month Change	-74.70%
3 Month Change	-86.72%
1 Year Change	-95.85%
33 Year Change	-99.10%
5 Year Change	-96.77%
Change since IPO	-99.52%

Recent updates

Shareholder Returns

	6LGA	DE Machinery	DE Market
7D	0%	-3.6%	-2.2%
1Y	-95.9%	24.0%	13.3%

Return vs Industry: 6LGA underperformed the German Machinery industry which returned 24.7% over the past year.

Return vs Market: 6LGA underperformed the German Market which returned 13.6% over the past year.

Price Volatility

Is 6LGA's price volatile compared to industry and market?
6LGA volatility
6LGA Average Weekly Movement	71.1%
Machinery Industry Average Movement	4.0%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	11.2%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 6LGA's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 6LGA's weekly volatility has increased from 43% to 71% over the past year.

About the Company

Founded	Employees	CEO	Website
2008	57	William Trainer	vicinitymotorcorp.com

Vicinity Motor Corp. designs, builds, and distributes a suite of transit buses for public and commercial use under the Vicinity brand in the United States and Canada. It offers electric, CNG, and clean diesel buses, as well as electric trucks and spare parts. The company was formerly known as Grande West Transportation Group Inc. and changed its name to Vicinity Motor Corp. in March 2021.

Vicinity Motor Corp. Fundamentals Summary

How do Vicinity Motor's earnings and revenue compare to its market cap?
6LGA fundamental statistics
Market cap	€2.33m
Earnings (TTM)	-€16.42m
Revenue (TTM)	€27.16m

0.1x

P/S Ratio

-0.1x

P/E Ratio

Is 6LGA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
6LGA income statement (TTM)
Revenue	US$29.64m
Cost of Revenue	US$26.09m
Gross Profit	US$3.55m
Other Expenses	US$21.46m
Earnings	-US$17.92m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.35
Gross Margin	11.97%
Net Profit Margin	-60.46%
Debt/Equity Ratio	202.9%

How did 6LGA perform over the long term?

See historical performance and comparison

6LGA Stock Overview

Rewards

Risk Analysis

Vicinity Motor Corp. Competitors

XTRA:SF3

€28.1m

XTRA:S188

€45.4m

XTRA:MSAG

€39.6m

DUSE:SCM

€1.7m

Price History & Performance

Recent News & Updates

Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Composite Index

Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Transportation Index

Vicinity Motor Corp. Announces Board Resignations

Vicinity Motor Receives Delisting Notice from Nasdaq Due to its Failure to Meet the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2)

New major risk - Market cap size

Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024

Recent updates

Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Composite Index

Vicinity Motor Corp.(OTCPK:VEVM.Q) dropped from NASDAQ Transportation Index

Vicinity Motor Corp. Announces Board Resignations

Vicinity Motor Receives Delisting Notice from Nasdaq Due to its Failure to Meet the Minimum Bid Price Requirement under Nasdaq Listing Rule 5550(a)(2)

New major risk - Market cap size

Vicinity Motor Corp. to Report Q2, 2024 Results on Aug 14, 2024

Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.

Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.

New minor risk - Shareholder dilution

Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.

Vicinity Motor Corp. has filed a Follow-on Equity Offering in the amount of $2.5 million.

Vicinity Motor Corp. Announces CARB Certification for VMC 1200 Class 3 Electric Truck

Vicinity Motor Corp. Announces Chief Financial Officer Changes

Vicinity Motor Corp. Appoints Jeff Madura as Senior Director of Sales

First quarter 2024 earnings released: US$0.081 loss per share (vs US$0.054 loss in 1Q 2023)

Vicinity Motor Corp. to Report Q1, 2024 Results on May 14, 2024

Vicinity Motor Receives Additional 180 Day Extension by Nasdaq to Regain Compliance with Minimum Bid Price Rule

Vicinity Motor Corp. Appoints Brent Phillips as President

Full year 2023 earnings released: US$0.36 loss per share (vs US$0.45 loss in FY 2022)

Vicinity Motor Corp. to Report Q4, 2023 Results on Mar 28, 2024

Third quarter 2023 earnings released: US$0.096 loss per share (vs US$0.19 loss in 3Q 2022)

Vicinity Motor Corp. to Report Q3, 2023 Results on Nov 13, 2023

Vicinity Motor Corp. Receives NASDAQ Notification Letter Regarding Minimum Bid Price Deficiency

Vicinity Motor Corp., Annual General Meeting, Dec 15, 2023

Vicinity Motor Corp. to Exhibit Electric Vehicle Lineup At the Fully Charged Live Event in Vancouver from September 8-10, 2023

Second quarter 2023 earnings released: US$0.015 loss per share (vs US$0.10 loss in 2Q 2022)

Vicinity Motor Corp. to Report Q2, 2023 Results on Aug 14, 2023

First quarter 2023 earnings released: US$0.054 loss per share (vs US$0.082 loss in 1Q 2022)

Vicinity Motor Corp. to Report Q1, 2023 Results on May 15, 2023

Full year 2022 earnings released: US$0.45 loss per share (vs US$0.24 loss in FY 2021)

Insufficient new directors

Vicinity Motor Corp. to Report Q3, 2022 Results on Nov 15, 2022

Insufficient new directors

Vicinity Motor Corp., Annual General Meeting, Dec 22, 2022

Insufficient new directors

Second quarter 2022 earnings released: US$0.10 loss per share (vs US$0.012 loss in 2Q 2021)

Vicinity Motor Corp. to Report Q2, 2022 Results on Aug 15, 2022

Vicinity Motor Corp. Revises Earnings Guidance for the Fiscal Year 2022

First quarter 2022 earnings released: US$0.082 loss per share (vs US$0.057 profit in 1Q 2021)

Vicinity Motor Corp. to Report Q1, 2022 Results on May 16, 2022

Independent Director recently bought €167k worth of stock

Full year 2021 earnings released: US$0.24 loss per share (vs US$0.13 loss in FY 2020)

Vicinity Motor Corp. has completed a Composite Units Offering in the amount of $12.000002 million.

Vicinity Motor Corp. has completed a Composite Units Offering in the amount of $12.000002 million.

Vicinity Motor Corp. Announces the Receipt of an Initial CAD 2,570,000 Million Grant from Sustainable Development Technology Canada

Independent Director recently bought €60k worth of stock

Third quarter 2021 earnings released: CA$0.16 loss per share (vs CA$0.052 loss in 3Q 2020)

Vicinity Motor Corp. announced that it expects to receive CAD 9.85 million in funding

Independent Director recently bought €68k worth of stock

Second quarter 2021 earnings released: CA$0.013 loss per share (vs CA$0.031 loss in 2Q 2020)

Vicinity Motor Corp. Announces Product Specifications for the New VMC 1200

Vicinity Motor Receives $300,000 in Washington State Department of Commerce Economic Development Strategic Reserve Fund (SRF) Grant

First quarter 2021 earnings released: EPS CA$0.071 (vs CA$0.069 loss in 1Q 2020)

Full year 2020 earnings released: CA$0.17 loss per share (vs CA$0.21 loss in FY 2019)

Vicinity Motor Corp. Provides Operating and Financial Guidance the First Quarter of 2021 and Operating Guidance the First Half of 2021

Grande West Transportation Group Inc Announces Executive Changes

State of New Mexico Selects Grande West Transportation Group Inc.'s Vicinity Buses

Grande West Transportation Group Inc. Enters into Strategic U.S. Distribution Agreement with ABC Companies

New 90-day high: €1.26