Is VivoPower International PLC (NASDAQ: VVPR) Proving The Doubters Wrong?


Renaissance Technologies LLC has recently announced that it has increased stake in VivoPower International PLC (NASDAQ:VVPR) by 530.94%. After grabbing 89594.0 shares, the institutional investor is now in possession of 75394.0 shares of the Technology Company. The new investment brought the stake of investor firm to 0.66% having worth around $0.15 million.

VivoPower International PLC (VVPR) concluded trading on 08/27/20 at a closing price of $4.88, with 2.15 million shares of worth about $10.5 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 35.93% during that period and on Thursday the price saw a gain of about 13.49%. Currently the company’s common shares owned by public are about 13.20M shares, out of which, 2.54M shares are available for trading.

The company recently came buying 0.0 shares which brought its stake up to 0.72% of the company’s outstanding shares.

VivoPower International PLC (NASDAQ: VVPR) started trading at $4.01, below -$0.29 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $4.88, or with a gain of 13.49%. Stock saw a price change of 35.93% in past 5 days and over the past one month there was a price change of 174.16%. Year-to-date (YTD), VVPR shares are showing a performance of 364.76% which increased to 313.56% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.59 but also hit the highest price of $5.63 during that period. While comparing its average daily trading volume of 1.08 million shares, we see that about 2.15 million changed hands on the day. The stock is currently trading 87.40% above its 20-day simple moving average (SMA20), while that difference is up 136.53% for SMA50 and it goes to 281.61% higher than SMA200.

Renaissance Technologies LLC acquired 89594.0 shares of VivoPower International PLC having value of about $0.15 million. Data submitted at the U.S SEC by Renaissance Technologies LLC revealed that the firm now holds 75394.0 shares in the company valued at close to $367922.72, or have control over 530.94% stake in the company. VivoPower International PLC (NASDAQ: VVPR) currently have 13.20M outstanding shares and institutions hold larger chunk of about 1.50% of that. Holding of mutual funds in the company is about 0.73% while other institutional holders and individual stake holders have control over 0.74% and — of the stake respectively.

The stock has a current market capitalization of $90.72M and its 3Y-monthly beta is at 2.64. It has posted earnings per share of -$0.13 in the same period. It has a debt-to-equity ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VVPR, volatility over the week remained 35.46% while standing at 19.45% over the month.

Stock’s fiscal year EPS is expected to rise by 87.10%.

Analysts at 0 brokerage firms have issued recommendations for the VivoPower International PLC (VVPR)’s stock out of those 0 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.


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