Commercial Vehicle Group Inc.’s recent filing unveils that its EVP & CFO Cheung Chung Kin acquired Company’s shares for reported $35650.0 on Mar 13. In the deal valued at $7.13 per share,5,000 shares were bought. As a result of this transaction, Cheung Chung Kin now holds 43,742 shares worth roughly $ 0.4 million.
Then, Cheung Chung Kin bought 5,000 shares, generating $37,250 in total proceeds. Upon buying the shares at $7.45, the EVP & CFO now owns 38,742 shares.
Noble Capital Markets initiated its Commercial Vehicle Group Inc. [CVGI] rating to an Outperform in a research note published on Friday, December 01, 2022; the price target was $10. PT values the company’s stock at a premium of 8.6 to its Friday closing price.
Price Performance Review of CVGI
On Friday, Commercial Vehicle Group Inc. [NASDAQ:CVGI] saw its stock fall -0.76% to $9.14. On the same session, the stock had its day’s lowest price of $9.13, but rose to a high of $9.37. Over the last five days, the stock has gained 4.82%. Commercial Vehicle Group Inc. shares have risen nearly 34.21% since the year began. Nevertheless, the stocks have risen 39.97% over the past one year. While a 52-week high of $11.96 was reached on 08/02/23, a 52-week low of $4.03 was recorded on 03/20/23. SMA at 50 days reached $10.10, while 200 days put it at $8.45. A total of 0.14 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For CVGI Stock
The 24-hour chart illustrates a support level at 9.06, which if violated will result in even more drops to 8.97. On the upside, there is a resistance level at 9.30. A further resistance level may holdings at 9.45. The Relative Strength Index (RSI) on the 14-day chart is 41.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.21%. Stochastics %K at 37.61% indicates the stock is a holding.
How much short interest is there in Commercial Vehicle Group Inc.?
A steep rise in short interest was recorded in Commercial Vehicle Group Inc. stocks on Aug 14, 2023, dropping by 90000.0 shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.25 million shares. There was a decline of -7.76%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.61% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.74.
Commercial Vehicle Group Inc. [CVGI] – Who Are The Largest Shareholders?
In filings from Forager Capital Management LLC, it is revealed that the company now owns 2,883,523 shares, or roughly 8.61% of the outstanding CVGI shares. In other words, the investor’s shares have fallen by -57,427 from its previous 13-F filing of 2940950.0. Additionally, Renaissance Technologies LLC increased 13.30% of its stake after which the total value it holdings stand at $21,018,942, while BlackRock Fund Advisors added 297.55% of its stake to hold $20.38 million in the firm. Over the last quarter, Royce & Associates LP sold -266,525 shares of Commercial Vehicle Group Inc., while The Vanguard Group, Inc. sold 190,917 shares. At present, Dimensional Fund Advisors LP is holding 1,312,972 shares valued at $13.79 million. Millennium Management LLC owned 925,179 shares of the company at the time of its most recent 13F filing, worth $9.71 million.
According to FactSet, Commercial Vehicle Group Inc.’s share price will average $12.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 41.15 percent from its previous closing price of $9.21. Analysts expect Commercial Vehicle Group Inc. stock to reach the higher price of $13.00, while the lowest price estimate is $12.00. However, 2 analysts have rated CVGI stock as a Buy in their predictions for 2023.