Should I buy or sell Vision Marine Technologies stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vision Marine Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VMAR shares. View VMAR analyst ratings or view top-rated stocks .

What is Vision Marine Technologies' stock price target for 2024?

2 equities research analysts have issued twelve-month price targets for Vision Marine Technologies' shares. Their VMAR share price targets range from $4.50 to $4.50. On average, they expect the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 312.8% from the stock's current price. View analysts price targets for VMAR or view top-rated stocks among Wall Street analysts .

How have VMAR shares performed in 2023?

Vision Marine Technologies' stock was trading at $4.61 at the beginning of the year. Since then, VMAR shares have decreased by 76.4% and is now trading at $1.09. View the best growth stocks for 2023 here .

When is Vision Marine Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024. View our VMAR earnings forecast .

How were Vision Marine Technologies' earnings last quarter?

Vision Marine Technologies Inc. (NASDAQ:VMAR) posted its quarterly earnings results on Monday, November, 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.01. The business had revenue of $1.59 million for the quarter, compared to analyst estimates of $2.37 million. Vision Marine Technologies had a negative net margin of 370.05% and a negative trailing twelve-month return on equity of 121.91%.

When did Vision Marine Technologies IPO?

(VMAR) raised $20 million in an initial public offering (IPO) on Tuesday, November 24th 2020. The company issued 2,200,000 shares at a price of $8.00-$10.00 per share. ThinkEquity (a division of Fordham Financial Management) acted as the underwriter for the IPO.

How do I buy shares of Vision Marine Technologies?

Shares of VMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:VMAR

Vision Marine Technologies (VMAR) Stock Price, News & Analysis

$1.09

-0.03 (-2.68%)

(As of 12/29/2023 ET)

Compare

Today's Range: $1.08
▼
$1.13
50-Day Range: $1.06
▼
$2.18
52-Week Range: $1.01
▼
$5.60

Volume: 73,236 shs
Average Volume: 147,194 shs
Market Capitalization: $12.70 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $4.50

Vision Marine Technologies MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 312.8% Upside
$4.50 Price Target
Short Interest: Bearish
8.57% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.52
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.60) to $0.30 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.88 out of 5 stars

Consumer Discretionary Sector

189th out of 265 stocks

Ship & Boat Building & Repairing Industry

6th out of 7 stocks

3.5

Analyst's Opinion

Consensus Rating
Vision Marine Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, Vision Marine Technologies has a forecasted upside of 312.8% from its current price of $1.09.
Amount of Analyst Coverage
Vision Marine Technologies has only been the subject of 1 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
8.57% of the float of Vision Marine Technologies has been sold short.
Short Interest Ratio / Days to Cover
Vision Marine Technologies has a short interest ratio ("days to cover") of 5.3.
Change versus previous month
Short interest in Vision Marine Technologies has recently increased by 156.84%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Vision Marine Technologies does not currently pay a dividend.
Dividend Growth
Vision Marine Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VMAR.

2.5

News and Social Media Coverage

News Sentiment
Vision Marine Technologies has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.72 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Vision Marine Technologies this week, compared to 0 articles on an average week.
Search Interest
Only 1 people have searched for VMAR on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
2 people have added Vision Marine Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vision Marine Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
40.40% of the stock of Vision Marine Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.81% of the stock of Vision Marine Technologies is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Vision Marine Technologies are expected to grow in the coming year, from ($0.60) to $0.30 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vision Marine Technologies is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Vision Marine Technologies is -0.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Vision Marine Technologies has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Vision Marine Technologies Stock (NASDAQ:VMAR)

Vision Marine Technologies Inc. designs, develops, manufactures, sells, and rents electric boats in Canada, the United States, and internationally. The company operates through two segments, Sale of Electric Boats and Rental of Electric Boats. It offers e-motion electric powertrain systems; e-motion electric outboards; electric boats; boat parts and related maintenance services; short-term rental of electric boats; and boat club membership; as well as manufactures customized electric boats. The company also provides its products through e-commerce website and distributors. It serves original equipment manufacturers. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. The company was founded in 1995 and is headquartered in Boisbriand, Canada.

VMAR Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VMAR Stock News Headlines

December 26, 2023 | americanbankingnews.com

Vision Marine Technologies (NASDAQ:VMAR) Shares Up 2.7%

December 14, 2023 | msn.com

Vision Marine Technologies announces $3M private placement

December 31, 2023 | Behind the Markets (Ad)

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December 14, 2023 | finance.yahoo.com

Vision Marine Technologies Inc. Announces $3.0 Million Private Placement of Convertible Preferred Shares and Warrants

December 12, 2023 | morningstar.com

Vision Marine Technologies Inc

December 12, 2023 | finance.yahoo.com

IBN Announces Latest Episode of The Bell2Bell Podcast featuring Bruce Nurse, Head of Investor Relations for Vision Marine Technologies Inc.

December 4, 2023 | finance.yahoo.com

Vision Marine Technologies Initiates First E-Motion(TM) Equipped Rental Operation Expansion in Florida in Partnership with Blue Water Boat Rental

November 20, 2023 | finance.yahoo.com

Vision Marine Technologies: Pioneering Electric Propulsion with Innovative Pontoon Integration

December 31, 2023 | MarketBeat Internal (Ad)

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November 16, 2023 | finanznachrichten.de

Vision Marine Technologies Inc.: Vision Marine Technologies and 4ocean Launch a New "Buy One Pull One" Campaign to Eliminate Ocean Plastic

November 16, 2023 | finance.yahoo.com

Vision Marine Technologies and 4ocean Launch a New "Buy One Pull One" Campaign to Eliminate Ocean Plastic

November 13, 2023 | msn.com

Vision Marine Technologies files to sell ordinary shares

November 13, 2023 | msn.com

Vision Marine reports initial e-motion 180E electric propulsion system purchase order from Wired Pontoons

November 13, 2023 | finance.yahoo.com

Vision Marine Technologies Announces Initial E-Motion™ 180E Electric Propulsion System Purchase Order from Wired Pontoons

October 30, 2023 | msn.com

Ascendiant Capital Initiates Coverage of Vision Marine Technologies (VMAR) with Buy Recommendation

October 4, 2023 | finance.yahoo.com

Vision Marine Technologies Announces Landmark Delivery of E-Motion™ Electric Powertrain to Groupe Beneteau Four Winns

September 27, 2023 | finance.yahoo.com

Vision Marine Technologies & Groupe Beneteau to Spotlight the Revolutionary H2e at IBEX 2023

September 18, 2023 | seekingalpha.com

Vision Marine prices 0.37M units at $4.05 in private placement

September 18, 2023 | finance.yahoo.com

Vision Marine Announces Pricing of $1.5 Million Private Placement

September 11, 2023 | markets.businessinsider.com

Vision Marine Technologies Appoints 31st Premier of Quebec, Dr. Philippe Couillard, to the Board of Directors

September 11, 2023 | finance.yahoo.com

Vision Marine Technologies Appoints 31st Premier of Quebec, Dr. Philippe Couillard, to the Board of Directors

August 30, 2023 | finance.yahoo.com

One Vision Marine Technologies Insider Raised Their Stake In The Previous Year

August 30, 2023 | finance.yahoo.com

Vision Marine Technologies and Shaun Torrente Racing Make History with Unprecedented 116 mph Speed Record

August 21, 2023 | finance.yahoo.com

Vision Marine Technologies Teams Up with Three-Time World Boat Racing Champion Shaun Torrente to Break Speed Barriers at Lake of the Ozarks

August 1, 2023 | finance.yahoo.com

Vision Marine Technologies to raise approximately $2 million

July 27, 2023 | finance.yahoo.com

Vision Marine Technologies Sets Industry Precedence Through Pioneering Partnership with 4ocean

July 20, 2023 | finance.yahoo.com

Vision Marine Technologies Inc.'s (NASDAQ:VMAR) Shift From Loss To Profit

See More Headlines

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Company Calendar

Last Earnings: 11/27/2023
Today: 12/31/2023
Next Earnings (Estimated): 1/12/2024
Fiscal Year End: 8/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Ship & boat building & repairing
Sub-Industry: N/A
Sector: Consumer Discretionary
Current Symbol: NASDAQ:VMAR
CUSIP: N/A
CIK: 1813783
Web: www.visionmarinetechnologies.com
Phone: 45-0951-7009
Fax: N/A
Employees: 14
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.50
High Stock Price Target: $4.50
Low Stock Price Target: $4.50
Potential Upside/Downside: +312.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.72)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-15,500,000.00
Net Margins: -370.05%
Pretax Margin: -374.36%
Return on Equity: -121.91%
Return on Assets: -71.29%

Debt

Debt-to-Equity Ratio: 0.18
Current Ratio: 1.75
Quick Ratio: 1.25

Sales & Book Value

Annual Sales: $4.20 million
Price / Sales: 3.02
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.90 per share
Price / Book: 1.21

Miscellaneous

Outstanding Shares: 11,650,000
Free Float: 6,943,000
Market Cap: $12.70 million
Optionable: Not Optionable
Beta: 0.07

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Key Executives

Mr. Alexandre Mongeon (Age 47)
Co-Founder, CEO & Director
Comp: $456.86k
Mr. Kulwant Sandher B.Sc. (Age 61)
C.A., C.P.A., CA, CPA, Chief Financial Officer
Comp: $287.14k
Mr. Xavier Montagne (Age 48)
CTO & COO
Comp: $211.8k
Mr. Patrick Bobby (Age 52)
President of Special Operations, Secretary & Director
Comp: $301.83k

Key Competitors

View All Competitors

VMAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Vision Marine Technologies stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Vision Marine Technologies in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VMAR shares.
View VMAR analyst ratings or view top-rated stocks.
What is Vision Marine Technologies' stock price target for 2024?: 2 equities research analysts have issued twelve-month price targets for Vision Marine Technologies' shares. Their VMAR share price targets range from $4.50 to $4.50. On average, they expect the company's stock price to reach $4.50 in the next year. This suggests a possible upside of 312.8% from the stock's current price.
View analysts price targets for VMAR or view top-rated stocks among Wall Street analysts.
How have VMAR shares performed in 2023?: Vision Marine Technologies' stock was trading at $4.61 at the beginning of the year. Since then, VMAR shares have decreased by 76.4% and is now trading at $1.09.
View the best growth stocks for 2023 here.
When is Vision Marine Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, January 12th 2024.
View our VMAR earnings forecast.

How were Vision Marine Technologies' earnings last quarter?: Vision Marine Technologies Inc. (NASDAQ:VMAR) posted its quarterly earnings results on Monday, November, 27th. The company reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.01. The business had revenue of $1.59 million for the quarter, compared to analyst estimates of $2.37 million. Vision Marine Technologies had a negative net margin of 370.05% and a negative trailing twelve-month return on equity of 121.91%.
When did Vision Marine Technologies IPO?: (VMAR) raised $20 million in an initial public offering (IPO) on Tuesday, November 24th 2020. The company issued 2,200,000 shares at a price of $8.00-$10.00 per share. ThinkEquity (a division of Fordham Financial Management) acted as the underwriter for the IPO.
How do I buy shares of Vision Marine Technologies?: Shares of VMAR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:VMAR) was last updated on 12/31/2023 by MarketBeat.com Staff

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