VivoPower International PLC (NASDAQ: VVPR): A Stock Worth Watching

VivoPower International PLC (NASDAQ:VVPR) shares, rose in value on Thursday, April 04, with the stock price down by -2.65% to the previous day’s close as strong demand from buyers drove the stock to $6.24.

Actively observing the price movement in the recent trading, the stock is buoying the session at $6.41. The value of beta (5-year monthly) is 3.69. Referring to stock’s 52-week performance, its high was $9.90, and the low was $1.02. On the whole, VVPR has fluctuated by 275.90% over the past month.

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With the market capitalization of VivoPower International PLC currently standing at about $19.59 million, investors are eagerly awaiting this quarter’s results, scheduled for Jan 17, 2024.

Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $37.62 million, representing a decrease of -6.90% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VVPR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VVPR currently trading nearly 214.48% and 279.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 90.81, while the 7-day volatility ratio is showing 34.07% which for the 30-day chart, stands at 14.02%. Furthermore, VivoPower International PLC (VVPR)’s beta value is 3.27, and its average true range (ATR) is 0.83.

A comparison of VivoPower International PLC (VVPR) with its peers suggests the former has fared considerably weaker in the market. VVPR showed an intraday change of -2.65% in today’s session so far, and over the past year, it grew by 55.96%%.

Data on historical trading for VivoPower International PLC (NASDAQ:VVPR) indicates that the trading volumes over the past 10 days have averaged 18.76 million and over the past 3 months, they’ve averaged 2.77 million. According to company’s latest data on outstanding shares, there are 25.65 million shares outstanding.

Nearly 48.64% of VivoPower International PLC’s shares belong to company insiders and institutional investors own 4.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18770.0 shares as on Mar 15, 2024, resulting in a short ratio of 1.03. According to the data, the short interest in VivoPower International PLC (VVPR) stood at 0.57% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 16190.000000000002. The stock has risen by 223.33% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VVPR stock heading into the next quarter.