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Vroom, Inc.Vroom, Inc.Vroom, Inc.

Vroom, Inc.

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VRM trade ideas

Vroom (VRM)On the above 10-day chart price action has corrected a whopping 80% since July. The correction follows the 200% move that printed from May this year, idea below. The majority that have sold since July did so at a loss. Now is an excellent long moment. Why? 1) Price action, RSI, MFI resistance breakouts. 3) Regular bullish divergence. Just as will the idea published in May multiple oscillators are now printing positive divergence with price action. 4) No stock splits. 5) High short interest. Again! Just as with the published idea in May, short interest peaks, ie. Put contracts exceed Calls! What’s wrong with people? Almost as if burning cash with fire is not fast enough. In the month of May, 2023 "Off-Exchange Short Volume Ratio 48.48%" December 2023 “Off-Exchange Short Volume Ratio 42.43 %” source: fintel.io/ss/us/vrm 6) Some other stuff, will say elsewhere. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe for long: The remainder of the year. Return: Don’t know Stop loss: not written here
NASDAQ:VRMLong
by without_worries
6
Vroom (VRM)On the above 10-day chart price action has corrected 98% since 2021. Now is an excellent long moment. Why? 1) You know why. 2) Price action, RSI, MFI resistance breakouts. 3) Bullish divergence. Lots of it. 9 oscillators are printing positive divergence with price action. 4) No stock splits. 5) High short interest. A number of hedge funds as well as private asset management firms have high short interest exposure. After a 98% correction?! Who does that? As it turns out most of tradingview.com also are short. Don't take my word for it the search button is only a click away.. "Off-Exchange Short Volume Ratio 48.48%" source: fintel.io 6) Some other stuff, will say elsewhere. Is it possible price action falls further? Sure. Is it probable? No. Ww Type: investment Risk: <=6% of portfolio Timeframe: before summer Return: Don’t know Stop loss: not written here
NASDAQ:VRMLong
by without_worries
24
VRM Vroom 2X Upside PotentialIf you haven`t bought VRM here: Now VRM, Vroom, with its recent gap at the $4.50 - $5.10 level, presents an intriguing opportunity for investors. Historical data indicates that gaps tend to fill 80% of the time, making this gap a potential target for short-term traders and investors. The gap acts as a magnet, drawing attention to that price area. As bullish sentiment grows, the likelihood of the gap filling increases, potentially driving the stock price higher. My price target is $5.10. Looking forward to read your opinion about it.
NASDAQ:VRMLong
by TopgOptions
4
$VRM Riding The WaveUp 46% with the Carvana (NYSE: CVNA) rally, Vroom, Inc. (NASDAQ: VRM) seems to be in a good position, especially since used car prices increased in April. Furthermore, with the FOMC approaching and the expectations that the Fed is going to pause rate hikes VRM can expect to increase its sales with the improving macroeconomic climate. VRM is also working on reducing its inventory of aged cars since it has a significantly lower gross profit per unit (GPPU) for non-aged cars which could have a positive impact on the VRM stock price given the potential revenues the company can realize. VRM Fundamentals Market Resurrection This month seems to be a good month for used car retailers with CVNA stock and VRM stock both being up 64% and 46% respectively since the start of the month. The increase in VRM stock value can be attributed to the improved outlook for the used cars market after Carvana released an improved financial outlook for its Q2. It is also worth mentioning that used cars’ CPI increased in April by 4.4% after it has been declining for 9 months straight. With the Federal Open Market Committee (FOMC) meeting approaching and the general consensus that the Fed is going to pause the interest rate hikes, VRM can benefit greatly from this as customers will now be more willing to buy used cars especially since new cars prices have been increasing at a higher rate. New Strategy VRM is looking to shift its sales from aged vehicles to unaged vehicles that it has held for less than 180 days since aged vehicles are holding VRM’s GPPU back at around $2,552 while unaged vehicles’ GPPU was around $4,200, which is a 65% increase. Because of that, VRM is looking to decrease its inventory of aged vehicles in the first half of 2023 as it obtains titles for cars that previously were not listed for sale, with the second half seeing a relatively better GPPU as unaged vehicle sales increase. VRM Financials In its Q1 2023 report, VRM’s assets increased 2% QoQ from $1,619 million to $1,651 million, and its cash and cash equivalents decreased 19% QoQ from $390 million to $316 million. VRM’s total liabilities increased by 9% QoQ from $1,143 million to $1,249 million. Revenue decreased 79% YoY from $923 million to $196 million. Operating costs decreased almost 169% from $397 million to $107 million, which contributed to the operating loss decrease of 78% YoY from $315 million to $68 million, which amounted to a net loss of $75 million – a 75% decrease YoY. Technical Analysis VRM stock’s trend is bullish with the stock trading in an upwards channel. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 62 and the MACD is approaching a bearish crossover. As for the fundamentals, VRM stock just witnessed a catalyst in CVNA’s improved financial outlook for Q2, since it improved the outlook for the used cars market as a whole. The FOMC meeting on 14 June will be a future catalyst for VRM stock as it will determine whether demand for used cars will increase or not. VRM Forecast VRM stock is looking like it is riding the wave that Carvana created for the used cars market with its improved Q2 financial outlook. Furthermore, used car prices are increasing which could mean that used car retailers could realize more revenues. With the upcoming FOMC meeting, more customers could be willing to purchase cars since it is expected that the Fed will pause rate hikes for June, and with the steep rise in new vehicle prices, used cars could be a good alternative.
NASDAQ:VRM
by Penny_Stocks_Today
vroom Final phase before stock split☢️🔻⚠️☢️🔻As per the last 10k Filing . This is so bad and don't invest in the stock right now. You will lose money! One final way to make money is short it if it goes high. If it goes 10 -20% short it 1x Leverage, 50-100% short it 5x or 10x leverage. Don't long on this one. Past 900 days this stock is pure red and financials are so bad and more over Antara capital who is famous for shorting is invested in this. ☢️🔻☢️⚠️ ======== We may not be able to generate sufficient revenue to generate positive cash flow on a sustained basis.We cannot assure you that we will generate sufficient revenue to offset the cost of maintaining our platform and operations. In line with the reduced unit sales contemplated by our Realignment Plan, our revenue has declined from $3,184.3 million for the year ended December 31, 2021 to $1,948.9 million. Our revenue growth also may be adversely affected by our inability to acquire and appropriately price vehicle inventory, provide the customer experience needed to attract customers or execute effective marketing campaigns to increase traffic to our platform. We expect our revenue to decline in the short term as we implement our long-term roadmap. You should not consider our historical revenue growth as indicative of our future performance. If our revenue declines our business, financial condition and results of operations will be materially and adversely affected. ========
NASDAQ:VRMShort
by chartbusters89