The price of Twin Vee PowerCats Co (NASDAQ:VEEE) shares last traded on Wall Street rose 16.82% to $0.49.
VEEE stock price is now 11.66% away from the 50-day moving average and -16.16% away from the 200-day moving average. The market capitalization of the company currently stands at $8.56M.
In other news, Zimmer Karl J, President bought 35,138 shares of the company’s stock on Sep 12 ’24. The stock was bought for $15,773 at an average price of $0.45. Upon completion of the transaction, the President now directly owns 85,138 shares in the company, valued at $41717.62. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 12 ’24, Chief Financial Officer Dickerson Michael Patrick bought 50,000 shares of the business’s stock. A total of $24,500 was incurred on buying the stock at an average price of $0.49. This leaves the insider owning 50,000 shares of the company worth $24500.0. A total of 47.86% of the company’s stock is owned by insiders.
During the past 12 months, Twin Vee PowerCats Co has had a low of $0.31 and a high of $1.54. As of last week, the company has a debt-to-equity ratio of 0.22, a current ratio of 4.00, and a quick ratio of 3.13. The fifty day moving average price for VEEE is $0.44156 and a two-hundred day moving average price translates $0.58807 for the stock.
The latest earnings results from Twin Vee PowerCats Co (NASDAQ: VEEE) was released for 2024-06-30. The net profit margin was -47.61% and return on equity was -46.10% for VEEE. The company reported revenue of $2.9 million for the quarter, compared to $8.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.08 percent.
