VEV Stock Overview
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.
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 0/6 |
| Financial Health | 1/6 |
| Dividends | 0/6 |
Vicinity Motor Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$0.74 |
| 52 Week High | CA$1.38 |
| 52 Week Low | CA$0.60 |
| Beta | 0.49 |
| 1 Month Change | 11.53% |
| 3 Month Change | -11.30% |
| 1 Year Change | -4.55% |
| 3 Year Change | -83.08% |
| 5 Year Change | -39.96% |
| Change since IPO | -46.36% |
Recent News & Updates
Recent updates
Vicinity Motor gains on securing a purchase order worth over $100M
Oct 17Vicinity Motor secures order for four Vicinity Lightning electric buses
Oct 06Vicinity Motor signs distribution agreement with Schetky Bus and Van Sales
Jul 19Vicinity Motor - Downgrading To 'Sell' After Lowered Guidance
May 18Vicinity Motor - Avoid Due To Additional Capital Needs And Elevated Execution Risk
Apr 01Vicinity Motor Looks Cheap Based On 2022 Forecasts, It's My Top Pick In EV Space
Jan 22Shareholder Returns
| VEV | US Machinery | US Market | |
|---|---|---|---|
| 7D | 2.0% | 3.5% | 3.3% |
| 1Y | -4.5% | 29.9% | 25.0% |
Return vs Industry: VEV underperformed the US Machinery industry which returned 29% over the past year.
Return vs Market: VEV underperformed the US Market which returned 25.8% over the past year.
Price Volatility
| VEV volatility | |
|---|---|
| VEV Average Weekly Movement | 11.7% |
| Machinery Industry Average Movement | 5.1% |
| Market Average Movement | 6.1% |
| 10% most volatile stocks in US Market | 16.5% |
| 10% least volatile stocks in US Market | 3.0% |
Stable Share Price: VEV's share price has been volatile over the past 3 months.
Volatility Over Time: VEV's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
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
| VEV fundamental statistics | |
|---|---|
| Market cap | US$34.92m |
| Earnings (TTM) | -US$16.63m |
| Revenue (TTM) | US$19.05m |
1.8x
P/S Ratio-2.0x
P/E RatioIs VEV overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VEV income statement (TTM) | |
|---|---|
| Revenue | US$19.05m |
| Cost of Revenue | US$16.91m |
| Gross Profit | US$2.14m |
| Other Expenses | US$18.77m |
| Earnings | -US$16.63m |
Last Reported Earnings
Dec 31, 2023
Next Earnings Date
May 14, 2024
| Earnings per share (EPS) | -0.36 |
| Gross Margin | 11.21% |
| Net Profit Margin | -87.31% |
| Debt/Equity Ratio | 169.9% |
How did VEV perform over the long term?
See historical performance and comparison