Vision Marine Technologies Announces $7 Million Public Offering

Vision Marine Technologies ( (VMAR) ) has provided an update.

Vision Marine Technologies has announced the pricing of its public offering of 3,500,000 shares of common stock at $2.00 per share, aiming to raise $7,000,000 before expenses. The proceeds will be used for general corporate purposes, working capital, and potential acquisitions or strategic investments, enhancing the company’s market position and operational capabilities.

The most recent analyst rating on (VMAR) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on Vision Marine Technologies stock, see the VMAR Stock Forecast page.

Spark’s Take on VMAR Stock

According to Spark, TipRanks’ AI Analyst, VMAR is a Neutral.

Vision Marine Technologies has a low overall stock score due to significant financial struggles, including declining revenues and persistent losses. Technical indicators are mixed, suggesting cautious market momentum. Valuation concerns also weigh heavily, as reflected in the negative P/E ratio. The absence of earnings call or significant corporate events data provides no additional insights to offset these challenges.

To see Spark’s full report on VMAR stock, click here.

More about Vision Marine Technologies

Vision Marine Technologies Inc. is a leader in high-voltage electric marine propulsion systems, offering a multi-brand boat retail and service platform. The company designs, manufactures, and sells the E-Motion™ 180E high-voltage electric outboard system and provides a range of boats through its Nautical Ventures division, catering to both electric and internal combustion engine segments. With operations in Florida, Vision Marine serves recreational boaters and commercial operators.

Average Trading Volume: 44,288

Technical Sentiment Signal: Sell

Current Market Cap: $3.29M

For an in-depth examination of VMAR stock, go to TipRanks’ Overview page.