Vintage Wine Estates Inc (NASDAQ:VWE) shares traded -3.72% lower at $0.07 on Wall Street last session.
VWE stock price is now -64.68% away from the 50-day moving average and -82.54% away from the 200-day moving average. The market capitalization of the company currently stands at $4.39M.
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With the price target reduced from $3.50 to $1.50, Telsey Advisory Group Downgraded its rating from Market Perform to Underperform for Vintage Wine Estates Inc (NASDAQ: VWE). On February 09, 2023, Canaccord Genuity Downgraded its previous ‘Hold’ rating to ‘Sell’ on the stock reducing its target price from $2 to quote $1, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Roney Patrick A, Executive Chairman bought 100,000 shares of the company’s stock on Dec 13 ’23. The stock was bought for $53,000 at an average price of $0.53. Upon completion of the transaction, the Executive Chairman now directly owns 410,400 shares in the company, valued at $28728.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 30 ’23, Director Proctor Timothy D bought 1,802 shares of the business’s stock. A total of $1,027 was incurred on buying the stock at an average price of $0.57. This leaves the insider owning 143,295 shares of the company worth $10030.65. A total of 45.35% of the company’s stock is owned by insiders.
During the past 12 months, Vintage Wine Estates Inc has had a low of $0.06 and a high of $1.09. As of last week, the company has a debt-to-equity ratio of 4.11, a current ratio of 0.67, and a quick ratio of 0.31. The fifty day moving average price for VWE is $0.19296 and a two-hundred day moving average price translates $0.397925 for the stock.
The latest earnings results from Vintage Wine Estates Inc (NASDAQ: VWE) was released for 2024-03-31. The net profit margin was -55.58% and return on equity was -91.38% for VWE. The company reported revenue of $45.66 million for the quarter, compared to $64.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.37 percent.
