Vroom, Inc. (VRM) at all time low ahead of earningsIf you thought cryptos are volatile and you can lose all your money, look at VRM Vroom.
52 Week Range 1.85 - 48.80.
Blackrock`s average entry: $41.
Bank of America price target: $30.
Year over year growth: 130.3%
And the stock is trading at 2usd, yesterday hitting all time low.
Few months ago Vroom bought the Auto Lender UACC For $300Mil and now the total market cap of VRM is 276Mil!
I know institutions are trying to average down as much as they can, but there isn`t anyone there to buy this company?
P/B of only 0.28!!
P/B ratio of less than 1 means that the stock is trading at less than its book value, it`s way undervalued!
I have a Strong Buy rating for this one, and a price target of $8.10 by the end of May (after the earnings), hopefully they`ll keep the strong growth and reduce the aberrant margins.
