VivoPower PLC Ordinary Shares (NASDAQ:VIVO) Stock Falls 14.6% – Should You Sell?

VivoPower PLC Ordinary Shares (NASDAQ:VIVO)’s share price dropped 14.6% on Thursday. The stock traded as low as $3.07 and last traded at $3.15. Approximately 1,281,394 shares were traded during mid-day trading, an increase of 280% from the average daily volume of 337,574 shares. The stock had previously closed at $3.69.

Wall Street Analysts Forecast Growth

VIVO has been the topic of a number of research analyst reports. Wall Street Zen upgraded VivoPower PLC Ordinary Shares from a “sell” rating to a “hold” rating in a research note on Saturday, June 13th. Noble Financial initiated coverage on shares of VivoPower PLC Ordinary Shares in a research note on Monday, July 13th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of VivoPower PLC Ordinary Shares in a research report on Friday, September 18th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

VivoPower PLC Ordinary Shares Price Performance

The firm’s 50-day moving average price is $3.97.

About VivoPower PLC Ordinary Shares

VivoPower International PLC is a sustainable energy solutions company focused on electrification and decarbonization. The company develops and delivers renewable energy, battery storage, electric vehicle, and power-management solutions for commercial, industrial, government, and other institutional customers.

Through its businesses and subsidiaries, VivoPower provides solar power and battery-storage systems, electrical engineering and critical-power services, and electric vehicle technologies.