Vision Marine Technologies (NASDAQ:VMAR) Announces Earnings Results

Vision Marine Technologies (NASDAQ:VMAR) released its quarterly earnings data on Monday. The company reported ($29.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($686.83) by $657.73, Zacks reports. Vision Marine Technologies had a negative return on equity of 334.44% and a negative net margin of 39.88%.The firm had revenue of $18.37 million for the quarter, compared to analyst estimates of $1.01 million.

Vision Marine Technologies Stock Performance

Shares of Vision Marine Technologies stock opened at $1.32 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 0.43 and a debt-to-equity ratio of 0.87. The company has a market cap of $13,200.00, a PE ratio of -0.00 and a beta of 0.12. The company has a 50 day moving average of $4.39 and a 200-day moving average of $23.68. Vision Marine Technologies has a 1-year low of $1.00 and a 1-year high of $2,680.00.

Analysts Set New Price Targets

VMAR has been the subject of a number of research analyst reports. Wall Street Zen raised shares of Vision Marine Technologies to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of Vision Marine Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, June 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Insider Buying and Selling at Vision Marine Technologies

In other Vision Marine Technologies news, major shareholder Financial Lp Hrt sold 34,746 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $1.25, for a total transaction of $43,432.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 304,095 shares of company stock worth $223,834 and sold 91,175 shares worth $160,390. 40.40% of the stock is currently owned by corporate insiders.

Vision Marine Technologies Company Profile

Vision Marine Technologies Inc (NASDAQ: VMAR) is a Canadian-based company that designs, develops and manufactures electric recreational boats and propulsion systems. As a cleantech innovator, Vision Marine integrates advanced battery management, digital controls and lightweight composite construction to deliver zero-emission watercraft and electric outboard motors. The company’s modular platform enables boat builders and end users to configure custom hulls and propulsion packages while leveraging onboard connectivity for remote monitoring and performance analytics.

Vision Marine’s product portfolio includes fully electric boat models ranging from compact day-cruisers to larger pontoon-style vessels, as well as a series of high-efficiency electric outboard motors.