Twin Vee PowerCats Co (NASDAQ:VEEE) price on Thursday, March 28, fall -17.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $0.86.
A look at the stock’s price movement, the close in the last trading session was $1.04. The beta value (5-Year monthly) was 1.44. Turning to its 52-week performance, $2.39 and $1.01 were the 52-week high and 52-week low respectively. Overall, VEEE moved -28.33% over the past month.
Twin Vee PowerCats Co’s market cap currently stands at around $8.19 million.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that VEEE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
VEEE’s current price about -27.22% and -31.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 27.26, while 7-day volatility ratio is 9.26% and 7.53% in the 30-day chart. Further, Twin Vee PowerCats Co (VEEE) has a beta value of 1.42, and an average true range (ATR) of 0.09.
If we refocus on Twin Vee PowerCats Co (NASDAQ:VEEE), historical trading data shows that trading volumes averaged 22730.0 over the past 10 days and 18.91K over the past 3 months. The company’s latest data on shares outstanding shows there are 9.52 million shares.
The 34.78% of Twin Vee PowerCats Co’s shares are in the hands of company insiders while institutional holders own 15.57% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 12780.0 on Feb 29, 2024, giving us a short ratio of 0.7. The data shows that as of Feb 29, 2024 short interest in Twin Vee PowerCats Co (VEEE) stood at 0.13% of shares outstanding, with shares short falling to 21380.0 registered in Jan 31, 2024. Current price change has pushed the stock -39.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VEEE stock continues to rise going into the next quarter.
