Vision Marine Technologies
VMAR
Market cap $2.25M

4.08 USD

-0.56

12.07%

At close Oct 15, 4:00 PM EDT

Pre-market

4.03

-0.05

1.23%

1 day

-12.07%

5 days

12.09%

1 month

-43.10%

3 months

-93.64%

6 months

-94.69%

Year to date

-97.15%

1 year

-98.76%

5 years

-99.79%

About: Vision Marine Technologies Inc is in the business of designing and manufacturing electric outboard powertrain systems, power boats, and related technology and the renting of electric boats. The different models of the powerboats and electric boats manufactured by the company includes, Bruce 22, Fantail 217, Volt 180 and others. The company operates in two reportable business segments; Sale of electric boats and Rental of electric boats. The majority of the revenue for the company is generated from its Rental of electric boats segment. Geographically, the company generates revenue from its business in Canada, USA and other countries. A substantial portion of the overall revenue is generated from its business in USA.

Employees: 46

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

14% more capital invested

Capital invested by funds: $1.03M [Q1] → $1.18M (+$146K) [Q2]

0.84% less ownership

Funds ownership: 14.85% [Q1] → 14.0% (-0.84%) [Q2]

16% less funds holding

Funds holding: 19 [Q1] → 16 (-3) [Q2]

60% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 5

83% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 6

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Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$270

6,518%

upside

Avg. target

$270

6,518%

upside

High target

$270

6,518%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

Ascendiant Capital

Lucas Ward

11% 1-year accuracy

1 / 9 met price target

6,518%upside

$270

Buy

Maintained

29 Jul 2024

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Financial journalist opinion

Based on 3 articles about VMAR published over the past 30 days

Vision Marine Technologies Granted Extension for Continued Listing on the Nasdaq Stock Market

Vision Marine Announces Reverse Stock Split to Regain Nasdaq Compliance MONTREAL, QC / ACCESSWIRE / October 4, 2024 / Vision Marine Technologies Inc. (the "Company") (NASDAQ:VMAR), a pioneer in electric marine propulsion, today announced that it has received an extension from the Nasdaq Hearings Panel to continue its listing on the Nasdaq Capital Market. This extension allows the Company additional time to regain compliance with Nasdaq's continued listing requirements, subject to meeting specific compliance criteria within designated timeframes.

Vision Marine Technologies Granted Extension for Continued Listing on the Nasdaq Stock Market

Vision Marine Technologies Announces the Launch of the E-Motion(TM) 180e Inboard

The Most Efficient and Powerful Inboard Electric Motor System on the Market MONTREAL, QC / ACCESSWIRE / September 23, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR), a pioneer in electric marine propulsion, is excited to announce the launch of its revolutionary E-Motion™ 180e Inboard electric motor system. Delivering an impressive continuous 180hp at the propeller, this new system opens an important market segment for Vision Marine, significantly expanding the range of vessels that can benefit from its advanced electric propulsion technology.

Vision Marine Technologies Announces the Launch of the E-Motion(TM) 180e Inboard

Vision Marine Technologies Announces Closing of Common Share Offering

MONTREAL, QC / ACCESSWIRE / September 16, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the closing of its previously announced best-efforts offering of 3,400,000 common shares. Each common share was sold at an offering price of $1.00 per share, for gross proceeds of $3.4 million, before deducting placement agent fees and other offering expenses.

Vision Marine Technologies Announces Closing of Common Share Offering

Vision Marine Technologies Announces $3.4 Million Offering

MONTREAL, QC / ACCESSWIRE / September 13, 2024 / Vision Marine Technologies, Inc. (Nasdaq:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced the pricing of a best-efforts offering of 3,400,000 common shares. Each common share is being sold at an offering price of $1.00 per share.

Vision Marine Technologies Announces $3.4 Million Offering

ePropulsion Teams Up with Vision Marine Technologies to Unveil and Propel the Phantom Plastic Boat

MONTREAL, QC / ACCESSWIRE / September 10, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, announces its strategic alliance with ePropulsion to empower the groundbreaking Phantom Boat, crafted from innovative plastic rotomolding technology. Following its debut at the Miami International Boat Show, the Phantom is set to showcase a customized electric ePropulsion system.

ePropulsion Teams Up with Vision Marine Technologies to Unveil and Propel the Phantom Plastic Boat

Vision Marine Technologies Announces Reverse Stock Split, Warrant Exchange and Receives Nasdaq Staff Determination Letter Regarding Non-Compliance with Minimum Bid Price Requirement

MONTREAL, QC / ACCESSWIRE / August 20, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, today announced that its Board of Directors (the "Board") has approved a 15-for-1 reverse stock split of the Company's common shares. The reverse stock split is expected to become effective when the market opens on August 22, 2024 (the "Effective Date").

Vision Marine Technologies Announces Reverse Stock Split, Warrant Exchange and Receives Nasdaq Staff Determination Letter Regarding Non-Compliance with Minimum Bid Price Requirement

Vision Marine Technologies Partners with JetRide to Leverage Growing Electric Boat Rental Market

MONTREAL, QC / ACCESSWIRE / June 20, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, is thrilled to announce its partnership with JetRide Holding, LLC, a Florida members-only boat club. This strategic alliance marks Vision Marine's expansion in the burgeoning electric boat rental market, leveraging JetRide's extensive network of over 17 boat club locations across Florida.

Vision Marine Technologies Partners with JetRide to Leverage Growing Electric Boat Rental Market

Elevating Marine Propulsion Reliability - Vision Marine Technologies Files its 5th Patent on its Unique Vehicle Control Unit

MONTREAL, QC / ACCESSWIRE / June 3, 2024 / Vision Marine Technologies, Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"),a pioneer in electric marine propulsion, is proud to announce the filing of its fifth patent, focusing on a state-of-the-art vehicle control unit apparatus (the "VCU") that maximizes the functionality of an intelligent electric marine powertrain. This latest patent filing underscores Vision Marines' innovative approach within the maritime sector.

Elevating Marine Propulsion Reliability - Vision Marine Technologies Files its 5th Patent on its Unique Vehicle Control Unit

Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software

MONTREAL, QC / ACCESSWIRE / May 7, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a pioneer in electric marine propulsion, is proud to announce the filing of a 3rd patent for its innovative Control & Power Management Software, integral to the E-Motion™ High-Voltage (HV) Electric Powertrain. This advanced software, in conjunction with the E-Motion™ multiple sensors, is pivotal in managing the electric boating experience, offering precision and control over the motor's impressive torque capabilities, which are crucial for optimizing performance, safety, and enjoyability for users.

Vision Marine Technologies Files 3rd Patent for Its Unique Power Control Management Software

Vision Marine Technologies Files Second Patent for Electric Marine Vessel Cooling System Control

BOISBRIAND, QC / ACCESSWIRE / May 1, 2024 / Vision Marine Technologies Inc. (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a leading provider of electric propulsion solutions, announces the filing of a patent application for its innovative method and apparatus for controlling the cooling water system of an electric marine vessel. The patent application addresses the unique challenges of designing and operating electric propulsion systems in marine environments.

Vision Marine Technologies Files Second Patent for Electric Marine Vessel Cooling System Control

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