Last Updated: 16 Sep 2024
Executive Summary
Twin Vee Powercats Co (VEEE) is a publicly traded company that designs, manufactures, and sells recreational and commercial power catamarans. The company has a market capitalization of $5.08 million and trades on the NASDAQ exchange. The latest stock price is $0.61.
Company Overview
Twin Vee was founded in 1996 and is headquartered in Fort Pierce, Florida. The company has a manufacturing facility in Fort Pierce and a sales and marketing office in Sarasota, Florida. Twin Vee's products are sold through a network of independent dealers and distributors in the United States and internationally.
Fundamental Analysis
Twin Vee's financial performance has been mixed in recent years. The company reported a net loss of $10.4 million in 2022, on revenue of $26.0 million. The company's gross profit margin was 41.0%, and its operating margin was -69.0%. Twin Vee's financial performance has been impacted by a number of factors, including the COVID-19 pandemic, supply chain disruptions, and rising costs.
Technical Analysis
Twin Vee's stock price has been in a downtrend since early 2022. The stock price has fallen from a high of $1.77 in January 2022 to a low of $0.329 in June 2023. The stock price is currently trading at $0.61, which is below its 50-day and 200-day moving averages.
Short Term Outlook
The short-term outlook for Twin Vee is mixed. The company's financial performance has been weak in recent quarters, and the stock price has been in a downtrend. However, the company has a number of positive factors, including a strong brand name, a loyal customer base, and a growing international presence.
Long Term Outlook
The long-term outlook for Twin Vee is more positive. The company's products are in high demand, and the company has a strong track record of innovation. The company is also well-positioned to benefit from the growing popularity of recreational boating.
Analyst Recommendations
Analysts have a mixed view on Twin Vee. One analyst has a Buy rating on the stock, while another analyst has a Hold rating. The average analyst target price is $8.00.
