Vision Marine Technologies (VMAR)
Market Price (6/3/2026): $0.48 | Market Cap: $0.4 MilSector: Consumer Discretionary | Industry: Leisure Products
Vision Marine Technologies (VMAR)
Market Price (6/3/2026): $0.48Market Cap: $0.4 MilSector: Consumer DiscretionaryIndustry: Leisure Products
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 3946% Attractive yieldFCF Yield is 396% Megatrend and thematic driversMegatrends include Electrification of Everything, and Battery Technology & Metals. Themes include Electric Marine Propulsion, and Marine Battery Systems. | Weak multi-year price returns2Y Excs Rtn is -143%, 3Y Excs Rtn is -183% Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 17% | Penny stockMkt Price is 0.5 Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 7951% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 888% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4711% High stock price volatilityVol 12M is 204% Key risksVMAR key risks include [1] a precarious financial position with significant 'going concern' and bankruptcy risks due to severe unprofitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 3946% |
| Attractive yieldFCF Yield is 396% |
| Megatrend and thematic driversMegatrends include Electrification of Everything, and Battery Technology & Metals. Themes include Electric Marine Propulsion, and Marine Battery Systems. |
| Weak multi-year price returns2Y Excs Rtn is -143%, 3Y Excs Rtn is -183% |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 17% |
| Penny stockMkt Price is 0.5 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -8.4 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -21% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 7951% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 888% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4711% |
| High stock price volatilityVol 12M is 204% |
| Key risksVMAR key risks include [1] a precarious financial position with significant 'going concern' and bankruptcy risks due to severe unprofitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Vision Marine Technologies (VMAR) stock has lost about 80% since 2/28/2026 because of the following key factors:
1. Persistent Net Losses and Significant Earnings Per Share Misses.
Despite reporting increased revenues, Vision Marine Technologies has consistently posted net losses. For the first quarter of fiscal 2026 (ending November 30, 2025), the company reported a diluted EPS of -$9.78, significantly missing the analyst estimate of -$2.38, and a net loss attributable to common shareholders of -$6.78 million, representing a 495.6% year-over-year change. This trend continued into the second quarter of fiscal 2026 (ending February 28, 2026), with a reported net loss of $1.86 million, contributing to a six-month net loss of over $6.1 million.
2. Repeated Share Consolidation Efforts and Dilution.
To maintain its Nasdaq listing compliance, Vision Marine Technologies executed a 1-for-40 reverse stock split, effective January 14, 2026. Further signaling persistent struggles with its share price and a potential need for continued compliance, the company has scheduled a special shareholder meeting on June 15, 2026, to seek approval for another share consolidation in a range of 5:1 to 10:1. Additionally, the company's active At-the-Market (ATM) program has issued 1,055,333 shares for gross proceeds of over US$2 million, which contributes to ongoing shareholder dilution.
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Stock Movement Drivers
Fundamental Drivers
The -80.5% change in VMAR stock from 2/28/2026 to 6/2/2026 was primarily driven by a -84.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.47 | 0.48 | -80.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26 | 40 | 56.4% |
| P/S Multiple | 0.0 | 0.0 | -19.7% |
| Shares Outstanding (Mil) | 0 | 1 | -84.5% |
| Cumulative Contribution | -80.5% |
Market Drivers
2/28/2026 to 6/2/2026| Return | Correlation | |
|---|---|---|
| VMAR | -80.5% | |
| Market (SPY) | 11.0% | 3.1% |
| Sector (XLY) | 0.8% | 11.7% |
Fundamental Drivers
The -99.0% change in VMAR stock from 11/30/2025 to 6/2/2026 was primarily driven by a -98.4% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.20 | 0.48 | -99.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 10 | 40 | 298.9% |
| P/S Multiple | 0.6 | 0.0 | -98.4% |
| Shares Outstanding (Mil) | 0 | 1 | -84.7% |
| Cumulative Contribution | -99.0% |
Market Drivers
11/30/2025 to 6/2/2026| Return | Correlation | |
|---|---|---|
| VMAR | -99.0% | |
| Market (SPY) | 11.8% | 1.3% |
| Sector (XLY) | -0.1% | 4.3% |
Fundamental Drivers
The -99.9% change in VMAR stock from 5/31/2025 to 6/2/2026 was primarily driven by a -99.8% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312025 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 327.00 | 0.48 | -99.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1 | 40 | 3945.9% |
| P/S Multiple | 0.5 | 0.0 | -98.2% |
| Shares Outstanding (Mil) | 0 | 1 | -99.8% |
| Cumulative Contribution | -99.9% |
Market Drivers
5/31/2025 to 6/2/2026| Return | Correlation | |
|---|---|---|
| VMAR | -99.9% | |
| Market (SPY) | 30.4% | 6.2% |
| Sector (XLY) | 10.9% | 5.3% |
Fundamental Drivers
The -100.0% change in VMAR stock from 5/31/2023 to 6/2/2026 was primarily driven by a -100.0% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312023 | 6022026 | Change |
|---|---|---|---|
| Stock Price ($) | 199260.00 | 0.48 | -100.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 40 | 602.6% |
| P/S Multiple | 6.1 | 0.0 | -99.8% |
| Shares Outstanding (Mil) | 0 | 1 | -100.0% |
| Cumulative Contribution | -100.0% |
Market Drivers
5/31/2023 to 6/2/2026| Return | Correlation | |
|---|---|---|
| VMAR | -100.0% | |
| Market (SPY) | 88.9% | 8.9% |
| Sector (XLY) | 59.0% | 8.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| VMAR Return | -64% | -5% | -76% | -99% | -99% | -93% | -100% |
| Peers Return | 3% | -28% | 1% | -35% | -19% | -14% | -66% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 102% |
Monthly Win Rates [3] | |||||||
| VMAR Win Rate | 42% | 42% | 25% | 33% | 25% | 0% | |
| Peers Win Rate | 54% | 40% | 48% | 40% | 44% | 42% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| VMAR Max Drawdown | -72% | -56% | -79% | -99% | -99% | -94% | |
| Peers Max Drawdown | -27% | -47% | -38% | -47% | -47% | -42% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: BC, VEEE, MBUU, MCFT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/2/2026 (YTD)
How Low Can It Go
| Event | VMAR | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -16.7% | -6.7% |
| % Gain to Breakeven | 20.0% | 7.1% |
| Time to Breakeven | 15 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.8% | -24.5% |
| % Gain to Breakeven | 46.6% | 32.4% |
| Time to Breakeven | 26 days | 427 days |
In The Past
Vision Marine Technologies's stock fell -16.7% during the 2023 SVB Regional Banking Crisis. Such a loss loss requires a 20.0% gain to breakeven.
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| Event | VMAR | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -31.8% | -24.5% |
| % Gain to Breakeven | 46.6% | 32.4% |
| Time to Breakeven | 26 days | 427 days |
In The Past
Vision Marine Technologies's stock fell -16.7% during the 2023 SVB Regional Banking Crisis. Such a loss loss requires a 20.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Vision Marine Technologies (VMAR)
AI Analysis | Feedback
Here are 1-3 brief analogies for Vision Marine Technologies (VMAR):
- Tesla for boats.
- The Rivian of the marine world.
AI Analysis | Feedback
- Electric Outboard Powertrain Systems: The company designs, develops, and manufactures electric outboard motors and propulsion systems for boats.
- Electric Boats: Vision Marine Technologies manufactures and sells electric boats.
- Boat Parts: The company offers various parts and components for boats.
- Maintenance Services: It provides services related to the maintenance and upkeep of electric boats and their systems.
- Electric Boat Rental: Vision Marine operates a rental center offering a fleet of electric boats for rent.
AI Analysis | Feedback
Vision Marine Technologies (VMAR) sells its electric outboard powertrain systems and electric boats to a mixed customer base. Based on the company's description, its major customers are primarily other businesses. While specific names of customer companies are not provided in the background information, the following categories represent its key business-to-business customer segments:
- Original Equipment Manufacturers (OEMs): These are other boat manufacturers that integrate Vision Marine's electric outboard powertrain systems into their own products. This segment typically involves significant volume and strategic partnerships.
- Rental Boating Companies: Businesses that purchase Vision Marine's electric boats to offer them for rent to individuals, expanding Vision Marine's reach into the rental market through third-party operators.
- Distributors and Dealers: These companies serve as Vision Marine's sales channels, purchasing products in bulk to then sell to end-consumers or other businesses in various regions.
Vision Marine Technologies also sells directly to end-consumers through its retail e-commerce website; however, the structured channels and the sale of powertrain systems to OEMs indicate a strong business-to-business focus for its major customer relationships.
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nullAI Analysis | Feedback
Here is the management team of Vision Marine Technologies:Alexandre Mongeon, Chief Executive Officer and Director
Alexandre Mongeon is a co-founder of Vision Marine Technologies and has served as its Chief Executive Officer since 2014. With over 25 years of experience in the boating industry, he possesses a deep background in electrification and battery technology. From 1999 to 2015, Mr. Mongeon imported high-performance boats from the United States to Canada. He also worked as a designer and contractor for 9134-0489 Quebec Inc. and managed new construction projects in and around Montreal from 1999 to 2016. He is a graduate of the School of Construction in Laval, Quebec, specializing in electricity. Under his leadership, Vision Marine has become a pioneer in electric marine propulsion, developing the e-Motion™ electric outboard and forming strategic partnerships. He played a central role in the development of the Ozark 2023, which set a world record speed of 116 mph for an all-electric boat. Mr. Mongeon has been instrumental in the company's evolution into North America's first vertically integrated electric propulsion and multi-brand retail marine platform, overseeing its listing on Nasdaq and the expansion of operations, including the acquisition of Nautical Ventures.
Raffi Sossoyan, Chief Financial Officer
Raffi Sossoyan was appointed Chief Financial Officer of Vision Marine Technologies in March 2024. He brings over 25 years of experience in business and finance, having held leadership roles in both private and public companies.
Daniel Rathe, Chief Technical Officer
Daniel Rathe was promoted to Chief Technical Officer of Vision Marine Technologies' operations in July 2025. He previously worked under the mentorship of the former CTO, Xavier Montagne, for over two years. Mr. Rathe has been crucial in coordinating technical operations, boat integrations, and testing of Vision Marine's E-Motion™ 180E high-voltage electric powertrain in Florida. In his role as CTO, he is responsible for ensuring system compliance, streamlining installation and testing processes, and expanding high-voltage rigging capabilities across key dealer locations to support wider adoption of the company's electric propulsion technology.
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Key Risks to Vision Marine Technologies (VMAR)
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Financial Viability and Going Concern: Vision Marine Technologies faces significant financial challenges, including ongoing losses, limited cash reserves, and a high reliance on external financing, which raises substantial doubt about its ability to continue as a going concern. The company's audited financial statements have revealed persistent unprofitability, and its Altman-Z score indicates a risk of bankruptcy. These financial pressures necessitate securing additional capital, which could lead to dilution of existing shareholder value.
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Market Adoption Challenges and Intense Competition: The electric boat industry, while a long-term growth market, is still in its nascent stages. Vision Marine Technologies faces hurdles in driving widespread market adoption due to factors such as the relatively high initial cost of electric boats, concerns among consumers regarding battery range, and the current scarcity of charging infrastructure. Furthermore, the company operates in a competitive landscape, contending with both established internal combustion engine manufacturers and other electric boat companies, some of which are larger and better funded. Disappointing sales figures and the potential for larger competitors to introduce superior or cheaper high-horsepower electric outboards pose significant threats to VMAR's growth thesis.
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Technological and Safety Risks Associated with Lithium-ion Batteries: A core component of Vision Marine Technologies' products, lithium-ion batteries, presents inherent technological and safety risks. These include potential fire hazards, particularly when exposed to saltwater, damaged, or overcharged. While advancements in electric boat design are incorporating safety measures like watertight compartments and battery management systems, these risks can impact consumer confidence and product development. Additionally, challenges such as limited power, range, and extended charging times compared to traditional gasoline boats, as well as environmental concerns related to battery disposal, can hinder broader market acceptance.
AI Analysis | Feedback
nullAI Analysis | Feedback
The addressable markets for Vision Marine Technologies' main products and services are primarily within the electric boat and electric outboard powertrain systems segments.
Electric Boats
The global electric boat market was valued between approximately USD 7.25 billion in 2024 and USD 7.82 billion in 2025. This market is projected to grow significantly, with estimates suggesting it could reach between USD 15.7 billion by 2034 and USD 24.94 billion by 2034.
For North America, which is a key region for electric boats, the market size was estimated at approximately USD 1.38 billion in 2024 and USD 1.6 billion in 2024. North America holds a significant share of the global market, ranging from about 34% to 47.8%. The North American market is expected to expand at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Electric Outboard Powertrain Systems (Electric Outboard Motors/Engines)
The global market for electric outboard engines was valued between approximately USD 143.2 million and USD 910.9 million in 2024. This market is forecasted to grow, with projections indicating it could reach around USD 1.46 billion by 2032 to USD 1.64 billion by 2034.
In the U.S., the electric outboard engines market size was valued between approximately USD 210.93 million and USD 418.3 million in 2024. North America also represents a substantial portion of the global electric outboard motors market, holding approximately 45% of the share.
AI Analysis | Feedback
Vision Marine Technologies (VMAR) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and increasing market demand for electric boating solutions. These key drivers include the strategic acquisition of Nautical Ventures, the expansion and growing demand for its electric boat rental operations, and the advancements and market penetration of its proprietary E-Motion™ electric propulsion systems.
1. Strategic Acquisition of Nautical Ventures
The acquisition of Nautical Ventures Group Inc., a prominent dealership network in Florida, has significantly bolstered Vision Marine Technologies' market presence and distribution capabilities. This strategic move provides direct access to a major marine region in North America, enhancing the company's sales footprint with eight high-impact retail locations. The integration of Nautical Ventures contributed US$12.8 million in revenue and US$4.7 million in gross profit shortly after the June 20, 2025 acquisition. Furthermore, this acquisition is expected to generate recurring service revenue and has already demonstrated rapid commercial scale, with 166 boats sold within 120 days of integration.
2. Expansion and Growing Demand for Electric Boat Rental Operations
Vision Marine Technologies is experiencing substantial growth in its electric boat rental segment, particularly at its Portside Ventura, California, location. In 2025, trips surged by approximately 167% year-over-year, from 640 trips in 2024 to 1,708 trips. Concurrently, net rental revenue at this location increased by about 84% year-over-year, driven by higher utilization and diversification across booking platforms. To capitalize on this demand, the company has executed a dock expansion lease to increase slip capacity ahead of the 2026 boating season, which is anticipated to support larger bookings and fleet growth. These rental operations serve as both a recurring revenue stream and a strategic channel to introduce consumers to electric boating, potentially converting renters into future owners.
3. Advancements and Market Penetration of E-Motion™ Electric Propulsion Systems, particularly in the Pontoon Segment
A significant growth driver for Vision Marine Technologies is its focus on expanding the market penetration of its proprietary E-Motion™ 180E high-voltage electric propulsion system. The company is strategically targeting the North American pontoon segment, a commercially significant category with an estimated 52,000–55,000 new unit sales in the U.S. in 2024, representing over one-third of new outboard sales. To address this market, Vision Marine introduced the SPECTR 26, a 26-foot 6-inch electric tritoon powered by the E-Motion™ 180E. The E-Motion™ 180E system has already been integrated into more than 24 boat configurations across 12 OEM brands. Furthermore, Vision Marine's introduction of a 6-year limited powertrain warranty for the E-Motion™ 180E, a first for high-voltage electric outboards above 150 HP in North America, underscores its confidence in the technology's durability and is expected to enhance market adoption. New patents for its high-voltage marine battery pack, which will also be available as a standalone product, further strengthen its technological leadership and potential for additional revenue streams.
AI Analysis | Feedback
Share Repurchases
- Vision Marine Technologies announced a stock repurchase program approved by its Board of Directors on February 21, 2025, authorizing the buyback of up to 5% of its issued and outstanding common shares.
- As of February 20, 2025, the company had 9,813,429 common shares outstanding.
- The company plans to implement this program through a 10b-18 trading plan.
Share Issuance
- Vision Marine Technologies closed a public offering of 32 million units at $0.30 per unit on December 19, 2025, raising gross proceeds of $9.6 million, intended for general corporate purposes and working capital.
- In August 2025, the company filed a prospectus for a registered offering that could increase shares outstanding from 1,157,137 to 4,657,137 (or 5,182,137 with over-allotment), with estimated net proceeds of approximately US$6.23 million.
- In January 2025, Vision Marine Technologies secured approximately $5.8 million through a private placement of securities to accredited and institutional investors for working capital and general corporate purposes.
Inbound Investments
- In January 2025, Vision Marine Technologies secured approximately $5.8 million through a private placement of securities to accredited and institutional investors.
- In August 2023, Vision Marine Technologies entered into a definitive agreement with investors for the issuance and sale of 493,832 shares to raise approximately $2 million.
Outbound Investments
- Vision Marine Technologies acquired Nautical Ventures in 2025, which subsequently became a primary driver of the company's revenue through its boat retail operations.
- In fiscal year 2021, Vision Marine expanded its business by acquiring EB Rental, Ltd., which rents electric boats in Newport Beach, California, and has since added two more rental locations in Ventura, California, and Palm Beach, Florida.
Capital Expenditures
- Capital expenditures in the most recent quarter totaled -$0.0849 million USD.
- In Q1 2026, capital expenditures (purchases of property, plant and equipment) were -$43.51 thousand, marking a 796.8% increase compared to the prior year.
- Over the last 12 months, capital expenditures amounted to -$283,279.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Vision Marine Technologies Stock Drop Looks Sharp, But How Deep Can It Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 23.21 |
| Mkt Cap | 0.4 |
| Rev LTM | 298 |
| Op Inc LTM | 1 |
| FCF LTM | 26 |
| FCF 3Y Avg | 20 |
| CFO LTM | 34 |
| CFO 3Y Avg | 30 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 15.2% |
| Rev Chg 3Y Avg | -14.1% |
| Rev Chg Q | 9.8% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 26.5% |
| Op Inc Chg 3Y Avg | -3.2% |
| Op Mgn LTM | 0.1% |
| Op Mgn 3Y Avg | 1.1% |
| QoQ Delta Op Mgn LTM | -1.9% |
| CFO/Rev LTM | 7.5% |
| CFO/Rev 3Y Avg | 8.5% |
| FCF/Rev LTM | 4.8% |
| FCF/Rev 3Y Avg | 3.7% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.4 |
| P/S | 0.6 |
| P/Op Inc | 17.2 |
| P/EBIT | -0.0 |
| P/E | -0.0 |
| P/CFO | 8.5 |
| Total Yield | -0.4% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 5.3% |
| D/E | 0.5 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 3.5% |
| 3M Rtn | 2.0% |
| 6M Rtn | -2.6% |
| 12M Rtn | -6.4% |
| 3Y Rtn | -49.3% |
| 1M Excs Rtn | -1.7% |
| 3M Excs Rtn | -9.6% |
| 6M Excs Rtn | -14.2% |
| 12M Excs Rtn | -37.4% |
| 3Y Excs Rtn | -131.8% |
Price Behavior
| Market Price | $0.48 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 11/24/2020 | |
| Distance from 52W High | -99.9% | |
| 50 Days | 200 Days | |
| DMA Price | $1.32 | $24.95 |
| DMA Trend | down | down |
| Distance from DMA | -63.6% | -98.1% |
| 3M | 1YR | |
| Volatility | 98.0% | 204.3% |
| Downside Capture | 321.60 | 537.54 |
| Upside Capture | -395.67 | -386.35 |
| Correlation (SPY) | 1.0% | 5.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.80 | 0.24 | 0.22 | 0.36 | 1.08 | 0.92 |
| Up Beta | -11.03 | -0.17 | 0.91 | 1.54 | 1.72 | 2.05 |
| Down Beta | 6.12 | 8.39 | 0.68 | 3.97 | 2.92 | 0.15 |
| Up Capture | -520% | -276% | -189% | -173% | -72% | -7% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 7 | 12 | 19 | 40 | 88 | 286 |
| Down Capture | 768% | 595% | 262% | 304% | 217% | 114% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 12 | 26 | 39 | 75 | 149 | 442 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMAR | |
|---|---|---|---|---|
| VMAR | -99.9% | 203.9% | -2.37 | - |
| Sector ETF (XLY) | 10.9% | 18.1% | 0.43 | 5.3% |
| Equity (SPY) | 30.5% | 11.8% | 1.95 | 6.2% |
| Gold (GLD) | 35.9% | 26.7% | 1.12 | 5.0% |
| Commodities (DBC) | 44.5% | 18.9% | 1.81 | -0.6% |
| Real Estate (VNQ) | 10.1% | 13.2% | 0.47 | -2.0% |
| Bitcoin (BTCUSD) | -32.2% | 41.6% | -0.82 | 13.1% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMAR | |
|---|---|---|---|---|
| VMAR | -93.3% | 128.8% | -1.54 | - |
| Sector ETF (XLY) | 7.5% | 23.7% | 0.27 | 10.8% |
| Equity (SPY) | 14.2% | 17.0% | 0.66 | 10.5% |
| Gold (GLD) | 18.3% | 18.0% | 0.83 | 5.4% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 3.2% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.06 | 6.7% |
| Bitcoin (BTCUSD) | 13.0% | 54.6% | 0.43 | 8.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with VMAR | |
|---|---|---|---|---|
| VMAR | -76.1% | 125.5% | -1.52 | - |
| Sector ETF (XLY) | 12.9% | 22.0% | 0.54 | 11.0% |
| Equity (SPY) | 15.9% | 17.9% | 0.76 | 10.8% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 5.8% |
| Commodities (DBC) | 7.5% | 17.9% | 0.34 | 3.3% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 6.7% |
| Bitcoin (BTCUSD) | 66.0% | 66.9% | 1.05 | 8.3% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 02/28/2026 | 04/14/2026 | 6-K |
| 11/30/2025 | 01/13/2026 | 6-K |
| 08/31/2025 | 11/28/2025 | 20-F |
| 05/31/2025 | 07/11/2025 | 6-K |
| 02/28/2025 | 04/08/2025 | 6-K |
| 11/30/2024 | 01/13/2025 | 6-K |
| 08/31/2024 | 12/20/2024 | 20-F |
| 05/31/2024 | 07/15/2024 | 6-K |
| 02/29/2024 | 04/15/2024 | 6-K |
| 11/30/2023 | 01/16/2024 | 6-K |
| 08/31/2023 | 11/30/2023 | 20-F |
| 05/31/2023 | 07/13/2023 | 6-K |
| 02/28/2023 | 04/13/2023 | 6-K |
| 11/30/2022 | 01/13/2023 | 6-K |
| 08/31/2022 | 11/30/2022 | 20-F |
| 05/31/2022 | 07/13/2022 | 6-K |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Leisure Products Resources |
| The Toy Book |
| Bicycle Retailer |
| SGB Media |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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