While VOXX International Corp has underperformed by -2.27%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VOXX fell by -70.47%, with highs and lows ranging from $13.23 to $3.34, whereas the simple moving average fell by -57.67% in the last 200 days.
On October 13, 2022, Imperial Capital Downgraded VOXX International Corp (NASDAQ: VOXX) to In-line. A report published by Imperial Capital on November 04, 2021, Initiated its previous ‘Outperform’ rating for VOXX. DA Davidson also rated VOXX shares as ‘Buy’, setting a target price of $21 on the company’s shares in an initiating report dated June 30, 2021. Oppenheimer Reiterated the rating as Outperform on January 13, 2016, but set its price target from $9 to $8. Oppenheimer initiated its ‘Outperform’ rating for VOXX, as published in its report on November 12, 2015. Needham’s report from May 16, 2014 suggests a price prediction of $13 for VOXX shares, giving the stock a ‘Buy’ rating. Needham also rated the stock as ‘Strong Buy’.
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Analysis of VOXX International Corp (VOXX)
Further, the quarter-over-quarter decrease in sales is -20.83%, showing a negative trend in the upcoming months.
VOXX International Corp’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -12.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.11, 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.
The average volume for any stock is also a very valuable indicator of volatility, and VOXX has an average volume of 72.45K. On a monthly basis, the volatility of the stock is set at 6.27%, whereas on a weekly basis, it is put at 5.68%, with a loss of -9.23% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.00, showing growth from the present price of $3.44, which can serve as yet another indication of whether VOXX is worth investing in or should be passed over.
How Do You Analyze VOXX International Corp Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 58.04%. 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 50.39% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VOXX shares are owned by institutional investors to the tune of 50.39% at present.
