Latest news with #VMAR
Business Insider
2 days ago
- Business
- Business Insider
Why Is Vision Marine Technologies Stock (VMAR) Up 25% Today?
Vision Marine Technologies (VMAR) stock rocketed higher on Friday after the on‑water experiences and Nautical Ventures dealership network company announced two updates important to shareholders. The first was the conclusion of a lawsuit with shareholders, while the second concerned new boat sales. 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. Starting with that legal matter, Vision Marine Technologies announced it has reached a settlement with shareholders. Approval was granted by the New York State Supreme Court. This brings an end to a legal battle that started on May 16, 2025, clearing the way for the company to continue operations without lawsuit concerns. Additionally, Vision Marine Technologies announced a deal with Nimbus Boats USA. This will have it act as the exclusive distributor of Nimbus powerboats on Florida's West Coast, including the Tender, Commuter, Weekender, and Coupe series. Alexandre Mongeon, cofounder and CEO of Vision Marine Technologies, said this will 'position us to capitalise on strong consumer demand and favourable market trends.' Vision Marine Technologies Stock Movement Today Vision Marine Technologies stock was up 25.7% on Friday, following a 14.71% fall yesterday. The shares have also decreased 82.14% year-to-date and 99.52% over the past 12 months. Today's news brought heavy trading to VMAR stock, as some 12.3 million shares changed hands, compared to a three-month daily average of about 30,000 units. Is Vision Marine Technologies Stock a Buy, Sell, or Hold? Turning to Wall Street, coverage of Vision Marine Technologies stock is lacking. Fortunately, TipRanks' AI analyst Spark has it covered. Spark rates VMAR stock a Neutral (44) with no price target. It cites 'significant financial struggles, including declining revenues and persistent losses' as reasons for this stance.
Business Insider
17-05-2025
- Business
- Business Insider
Vision Marine Technologies announces settlement of outstanding legal claim
Vision Marine Technologies (VMAR) announced it has successfully reached a settlement agreement resolving a previously disclosed outstanding legal claim related to certain of its shareholders. The company stated this resolution fully addresses the legal dispute, providing a clean capitalization structure and maintaining a strong cash position. CEO Alex Mongeon commented that the settlement allows the company to focus on strategic objectives and growth. Confident Investing Starts Here: Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Business Insider
07-05-2025
- Automotive
- Business Insider
Vision Marine Technologies files patent for overload protection in powertrains
Vision Marine Technologies (VMAR) announced it filed a new U.S. patent application with the United States Patent and Trademark Office for software-driven overload protection of cooling-pump motors integrated within the company's proprietary E-Motion high-voltage powertrain. Protect Your Portfolio Against Market Uncertainty Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
