1 Vinco Ventures Inc. (NASDAQ: BBIG) stock lost 11.42% of its trading price on July 26. 2 On the July 25 trading session, sellers overruled buyers and dragged the price to $4.01. 3 Vinco Ventures owns 80% of Lomotif Private Limited (Lomotif), a video-sharing social networking pla...
- 1 Vinco Ventures Inc. (NASDAQ: BBIG) stock lost 11.42% of its trading price on July 26.
- 2 On the July 25 trading session, sellers overruled buyers and dragged the price to $4.01.
- 3 Vinco Ventures owns 80% of Lomotif Private Limited (Lomotif), a video-sharing social networking platform.
Vinco Ventures Inc. (NASDAQ: BBIG) stock lost 11.42% of its trading prices on the July 26 trading session; it opened trading at $4.33, lowered to $3.80. It hit a high of $4.40 and closed at $3.88 with intraday trading volume of 2.153 Million.
Moreover, in the weekly time frame, BBIG stock price added 42.65% to its trading prices, and in the monthly time frame, its price grew more than 187.41%. In 52 weeks, Vinco Ventures Inc. stock’s lowest traded price was $1.12, and its highest trading price was $38.80.
On July 24, 2023, trading session, buyers succeeded in pulling the price to $5.90, but failed to sustain at higher levels. However, sellers overruled buyers in the July 25 trading session and dragged the price to $4.01.
In the past two trading sessions, sellers continued ruling over buyers and dragged the price below the expected support level. BBIG stock opened 5.93% higher in the pre-market trading session than the last closing price.
Vinco Ventures Inc. (NASDAQ: BBIG) stock’s market capitalization is $48.304 Million, and its stock average volume is 7.627 Million. In 2021, the company’s market capitalization was quite close to $1 Billion and in 2022, it slipped over 66.70%.
Vinco Ventures Inc. (NASDAQ: BBIG) Earnings & Revenue
In Q1 2023, the revenue of Vinco Ventures was $11.53 Million, from which the company’s net income was -$372.95 Million with a profit margin of -3233.24%. Similarly, in Q2 and Q3 2023, the company’s reported revenue was $10.37 Million and $5.56 Million respectively.
On Wednesday, the Federal Reserve hiked interest rates by a quarter percentage point or from 5.25% to 5.50%, which is the highest level in 22 years. Furthermore, the central bank’s statement hinted at the prospect of additional rate hikes, but it did not imply that such increases were near.
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