Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Vision Marine Technologies ( (VMAR) ) has provided an update.
Vision Marine Technologies has announced a strategic partnership with the Université de Sherbrooke’s Memphré Boat Racing team to participate in the Monaco Energy Boat Challenge. This collaboration, which extends through 2027, involves Vision Marine providing financial support, equipment, and mentorship, aiming to foster sustainable innovation and strengthen Quebec’s leadership in marine electrification. The partnership highlights Vision Marine’s commitment to performance-driven sustainability and sector-wide transformation, while also setting a precedent for industry-academia collaboration.
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 technology company specializing in high-voltage electric propulsion systems for the marine industry. Its flagship product, the E-Motion™ 180E, is a fully industrialized high-voltage electric outboard system for recreational boating. The company has expanded its sales and service network on the East Coast of the United States through the acquisition of Nautical Ventures Group, offering both traditional internal combustion engine boats and next-generation electric propulsion solutions.
Average Trading Volume: 33,406
Technical Sentiment Signal: Sell
Current Market Cap: $5.73M
Find detailed analytics on VMAR stock on TipRanks’ Stock Analysis page.