Commercial Vehicle Group Inc. (NASDAQ: CVGI) stock fell -0.87% on Friday to $6.80 against a previous-day closing price of $6.86. With 64625.0 shares changed hands, the volume of the stock remained lighter than its average volume of 0.26 million shares. During the session, the Auto Parts company that operates in wider Consumer Cyclical sector, reached to the highest price of $6.86 whereas the lowest price it dropped to was $6.73. The 52-week range on CVGI shows that it touched its highest point at $10.84 and its lowest point at $5.23 during that stretch. It currently has a 1-year price target of $15.00. Beta for the stock currently stands at 3.18.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CVGI was up-trending over the past week, with a rise of 2.87%, but this was up by 23.86% over a month. Three-month performance dropped to -3.82% while six-month performance fell -13.81%. The stock lost -27.12% in the past year, while it has lost -15.63% so far this year. A look at the trailing 12-month EPS for CVGI yields 0.59 with Next year EPS estimates of 1.49. For the next quarter, that number is 0.17. This implies an EPS growth rate of 161.00% for this year and 44.17% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 26.30%.
Float and Shares Shorts:
At present, 32.06 million CVGI shares are outstanding with a float of 31.26 million shares on hand for trading. On Apr 28, 2022, short shares totaled 1.14 million, which was 3.56% higher than short shares on Mar 30, 2022. In addition to Mr. Harold C. Bevis as the firm’s Pres, CEO & Director, Mr. Christopher H. Bohnert serves as its Chief Financial Officer.
Through their ownership of 66.49% of CVGI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 57.88% of CVGI, in contrast to 41.06% held by mutual funds. Shares owned by individuals account for 18.42%. As the largest shareholder in CVGI with 6.27% of the stake, Renaissance Technologies LLC holds 2,067,004 shares worth 2,067,004. A second-largest stockholder of CVGI, BlackRock Fund Advisors, holds 1,888,866 shares, controlling over 5.73% of the firm’s shares. Polar Asset Management Partners, is the third largest shareholder in CVGI, holding 1,763,132 shares or 5.35% stake. With a 2.82% stake in CVGI, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 928,491 shares are owned by the mutual fund manager. The Royce Small-Cap Opportunity Fund, which owns about 2.78% of CVGI stock, is the second-largest Mutual Fund holder. It holds 914,457 shares valued at 5.34 million. Legg Mason Global Funds Plc – Roy holds 1.42% of the stake in CVGI, owning 468,781 shares worth 2.74 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CVGI since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CVGI analysts setting a high price target of $16.00 and a low target of $14.00, the average target price over the next 12 months is $15.00. Based on these targets, CVGI could surge 135.29% to reach the target high and rise by 105.88% to reach the target low. Reaching the average price target will result in a growth of 120.59% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CVGI will report FY 2022 earnings on 03/08/2023. Analysts have provided yearly estimates in a range of $1.07 being high and $0.99 being low. For CVGI, this leads to a yearly average estimate of $1.03. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is $0.18 and the low estimate is $0.15. The average estimate for the next quarter is thus $0.17.
Summary of Insider Activity:
Insiders traded CVGI stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 131,154 shares were bought while 9,855 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 473,579 while 68,226 shares were sold.