Vicinity Motor (VEV) & Its Competitors Head-To-Head Review

Vicinity Motor (NASDAQ:VEVGet Rating) is one of 63 publicly-traded companies in the “Motor vehicles & car bodies” industry, but how does it contrast to its competitors? We will compare Vicinity Motor to related businesses based on the strength of its institutional ownership, risk, earnings, valuation, profitability, analyst recommendations and dividends.

Earnings and Valuation

This table compares Vicinity Motor and its competitors gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Vicinity Motor $41.71 million -$7.32 million -4.33
Vicinity Motor Competitors $44.91 billion $3.11 billion 65.54

Vicinity Motor’s competitors have higher revenue and earnings than Vicinity Motor. Vicinity Motor is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Analyst Recommendations

This is a breakdown of recent recommendations for Vicinity Motor and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Vicinity Motor 0 0 0 0 N/A
Vicinity Motor Competitors 1069 2617 3025 165 2.33

As a group, “Motor vehicles & car bodies” companies have a potential upside of 58.04%. Given Vicinity Motor’s competitors higher probable upside, analysts plainly believe Vicinity Motor has less favorable growth aspects than its competitors.

Profitability

This table compares Vicinity Motor and its competitors’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Vicinity Motor -50.44% -36.45% -24.50%
Vicinity Motor Competitors -12,601.68% -7.44% -1.32%

Insider & Institutional Ownership

0.5% of Vicinity Motor shares are held by institutional investors. Comparatively, 52.7% of shares of all “Motor vehicles & car bodies” companies are held by institutional investors. 9.5% of shares of all “Motor vehicles & car bodies” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Vicinity Motor competitors beat Vicinity Motor on 8 of the 9 factors compared.

About Vicinity Motor (Get Rating)

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. founded in 2008 and is headquartered in Aldergrove, Canada.

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