Commercial Vehicle Group Inc. (NASDAQ:CVGI) marked $11.43 per share on Wednesday, up from a previous closing price of $10.66. While Commercial Vehicle Group Inc. has overperformed by 7.22%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CVGI rose by 55.30%, with highs and lows ranging from $11.45 to $4.03, whereas the simple moving average jumped by 44.13% in the last 200 days.
On December 01, 2022, Noble Capital Markets started tracking Commercial Vehicle Group Inc. (NASDAQ: CVGI) recommending Outperform.
Analysis of Commercial Vehicle Group Inc. (CVGI)
Further, the quarter-over-quarter increase in sales is 7.50%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Commercial Vehicle Group Inc.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -13.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.30, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 414.03K can be a very valuable indicator of volatility for CVGI stock. On a monthly basis, the volatility of the stock is set at 3.51%, whereas on a weekly basis, it is put at 4.15%, with a gain of 8.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $12.67, showing growth from the present price of $11.43, which can serve as yet another indication of whether CVGI is worth investing in or should be passed over.
How Do You Analyze Commercial Vehicle Group Inc. Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 59.20% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in CVGI shares?
The recent increase in stakes in CVGI appears to be a result of several institutional investors and hedge funds increasing their positions. Forager Capital Management LLC’s position in CVGI has increased by 11.92% in the first quarter. The company now owns 2,940,950 shares of the stock, with a value of $32.64 million, following the purchase of 313,331 additional shares during the last quarter. Royce & Associates LP made another increased to its shares in CVGI during the first quarter, upping its stake by 2.76%. During the last quarter, the company dropped down 54,000 additional shares for a total stake of worth $22.32 million, bringing number of shares owned by the company to 2,010,697.
During the first quarter, Renaissance Technologies LLC subtracted a -12,000 position in CVGI. The Vanguard Group, Inc. sold an additional -0.15 million shares in the last quarter, decreasing its holdings by -10.20%, now holding 1.29 million shares worth $14.33 million. At the end of the first quarter, Dimensional Fund Advisors LP increased its CVGI holdings by 6.96% and now holds 1.25 million CVGI shares valued at $13.85 million with the added 81129.0 shares during the period. CVGI shares are owned by institutional investors to the tune of 59.20% at present.