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

2 Wall Street equities 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 equities 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 brokers have issued 1 year price objectives for Vision Marine Technologies' shares. Their VMAR share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 737.8% 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 2024?

Vision Marine Technologies' stock was trading at $1.09 at the beginning of the year. Since then, VMAR shares have decreased by 50.7% and is now trading at $0.5371. View the best growth stocks for 2024 here .

When is Vision Marine Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024. View our VMAR earnings forecast .

How were Vision Marine Technologies' earnings last quarter?

Vision Marine Technologies Inc. (NASDAQ:VMAR) released its quarterly earnings results on Monday, November, 27th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.01. The firm earned $1.59 million during the quarter, compared to analysts' expectations of $2.37 million. Vision Marine Technologies had a negative trailing twelve-month return on equity of 119.42% and a negative net margin of 289.80%.

When did Vision Marine Technologies IPO?

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

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$0.54

0.00 (0.00%)

(As of 04/18/2024 ET)

Compare

Today's Range: $0.51
▼
$0.56
50-Day Range: $0.51
▼
$0.94
52-Week Range: $0.51
▼
$5.60

Volume: 42,649 shs
Average Volume: 62,870 shs
Market Capitalization: $6.53 million

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

Get Vision Marine Technologies alerts:

Vision Marine Technologies MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 737.8% Upside
$4.50 Price Target
Short Interest: Healthy
15.12% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -1.43
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.68) to $0.07 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.37 out of 5 stars

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.
Amount of Analyst Coverage
Vision Marine Technologies has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
15.12% 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 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Vision Marine Technologies has recently decreased by 7.61%, indicating that investor sentiment is improving 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.

0.9

News and Social Media Coverage

News Sentiment
Vision Marine Technologies has a news sentiment score of -1.43. 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 0.53 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Vision Marine Technologies this week, compared to 1 article 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
3 people have added Vision Marine Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days.

2.5

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
53.79% of the stock of Vision Marine Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Vision Marine Technologies are expected to grow in the coming year, from ($0.68) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vision Marine Technologies is -0.53, 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 -0.53, 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 1.38. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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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. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; maintenance, repair, and customer support services; as well as manufactures customized boats. The company also provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. 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

April 16, 2024 | finance.yahoo.com

Vision Marine Technologies Second Quarter 2024 Earnings: Misses Expectations

April 7, 2024 | theglobeandmail.com

Vision Marine (NASDAQ: VMAR) Marks Milestone in Industrialization of High-Tension Battery Packs

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March 22, 2024 | theglobeandmail.com

Vision Marine Technologies (NASDAQ: VMAR) Unveils New E-Boat Model, Names New CFO

March 21, 2024 | finance.yahoo.com

Vision Marine Technologies Insider Ups Holding During Year

March 13, 2024 | msn.com

AI making waves in marine data collection

March 4, 2024 | theglobeandmail.com

Vision Marine Technologies (NASDAQ: VMAR) Appoints Raffi Sossoyan as New CFO

February 29, 2024 | investing.com

Vision Marine Technologies Inc (VMAR)

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February 23, 2024 | msn.com

Vision Marine announces distributorship deal along with initial PO of 50 units

February 18, 2024 | stockhouse.com

Vision Marine Technologies Inc. (NASDAQ: VMAR) 'Disruptive Force' in Electrification of Recreational Boating

February 16, 2024 | finance.yahoo.com

IBN Announces the Latest Episode of The GotStocks Podcast featuring Vision Marine Technologies Inc. (NASDAQ: VMAR)

February 16, 2024 | finance.yahoo.com

Vision Marine Technologies Inc. (NASDAQ: VMAR) at Threshold of Major Market Boom in Boating Space

February 16, 2024 | globenewswire.com

Vision Marine Technologies Inc. (NASDAQ: VMAR) at Threshold of Major Market Boom in Boating Space

February 15, 2024 | finance.yahoo.com

Vision Marine Unveils its Phantom Rotomolded Boat and Secures Exclusive Florida Distribution Deal

February 15, 2024 | finance.yahoo.com

Vision Marine Technologies Inc. (NASDAQ: VMAR) ‘Disruptive Force’ in Electrification of Recreational Boating

February 15, 2024 | globenewswire.com

Vision Marine Technologies Inc. (NASDAQ: VMAR) ‘Disruptive Force' in Electrification of Recreational Boating

February 13, 2024 | finance.yahoo.com

Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors

February 7, 2024 | theglobeandmail.com

Vision Marine Technologies (NASDAQ: VMAR) Disrupting Boating Industry with Electric Power

January 18, 2024 | finance.yahoo.com

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

January 16, 2024 | finance.yahoo.com

Vision Marine Technologies Inc. (VMAR) Reports Q1 Loss, Misses Revenue Estimates

December 14, 2023 | msn.com

Vision Marine Technologies announces $3M private placement

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

See More Headlines

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Company Calendar

Last Earnings: 11/27/2023
Today: 4/18/2024
Next Earnings (Estimated): 7/11/2024
Fiscal Year End: 8/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Ship & boat building & repairing
Sub-Industry: N/A
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: +737.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.02)
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: -289.80%
Pretax Margin: -295.78%
Return on Equity: -119.42%
Return on Assets: -58.68%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: 2.05
Quick Ratio: 0.72

Sales & Book Value

Annual Sales: $4.20 million
Price / Sales: 1.56
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $0.39 per share
Price / Book: 1.38

Miscellaneous

Outstanding Shares: 12,160,000
Free Float: 6,946,000
Market Cap: $6.53 million
Optionable: Not Optionable
Beta: N/A

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Key Executives

Mr. Alexandre Mongeon (Age 45)
Co-Founder, CEO & Director
Comp: $445.78k
Mr. Xavier Montagne (Age 49)
CTO & COO
Comp: $206.66k
Mr. Patrick Bobby (Age 50)
President of Special Operations, Secretary & Director
Comp: $294.5k
Mr. Raffi Sossoyan
Chief Financial Officer

Key Competitors

View All Competitors

Institutional Ownership

Citadel Advisors LLC
Bought 31,533 shares on 2/15/2024
Ownership: 0.271%

View All Institutional Transactions

VMAR Stock Analysis - Frequently Asked Questions

Should I buy or sell Vision Marine Technologies stock right now?: 2 Wall Street equities 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 equities 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 brokers have issued 1 year price objectives for Vision Marine Technologies' shares. Their VMAR share price targets range from $4.50 to $4.50. On average, they predict the company's share price to reach $4.50 in the next twelve months. This suggests a possible upside of 737.8% 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 2024?: Vision Marine Technologies' stock was trading at $1.09 at the beginning of the year. Since then, VMAR shares have decreased by 50.7% and is now trading at $0.5371.
View the best growth stocks for 2024 here.
When is Vision Marine Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 11th 2024.
View our VMAR earnings forecast.

How were Vision Marine Technologies' earnings last quarter?: Vision Marine Technologies Inc. (NASDAQ:VMAR) released its quarterly earnings results on Monday, November, 27th. The company reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.01. The firm earned $1.59 million during the quarter, compared to analysts' expectations of $2.37 million. Vision Marine Technologies had a negative trailing twelve-month return on equity of 119.42% and a negative net margin of 289.80%.
When did Vision Marine Technologies IPO?: Vision Marine Technologies (VMAR) raised $20 million in an initial public offering (IPO) on Tuesday, November 24th 2020. The company issued 2,200,000 shares at $8.00-$10.00 per share. ThinkEquity (a division of Fordham Financial Management) served 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 4/19/2024 by MarketBeat.com Staff

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

Vision Marine Technologies MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Vision Marine Technologies Stock (NASDAQ:VMAR)

VMAR Stock Price History

VMAR Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

VMAR Stock Analysis - Frequently Asked Questions

Overall MarketRank^™