Kumulus Vape shares fall to their €2.85 support, losing nearly 7%
The stock extended its intraday decline a few hours after publishing its third-quarter activity. The drop in the B2B segment, which accounts for most of sales, dominates the figures of the vaping products distributor.
A quarter weighed down by B2B activity, despite sharply rising store sales
Consolidated revenue for the third quarter reached €13.2 million, down 10.9% year on year. The B2B segment, which accounts for 86.7% of sales, fell 12.0% to €11.4 million, while the store network grew 28.8%, to €857 thousand in sales.
The rise in store sales therefore does not offset the decline in B2B, whose weight is thirteen times greater.
Over nine months, cumulative revenue came to €38.8 million, compared with €42.6 million a year earlier, a further decline after those already recorded in the first quarter and the first half. In this context, the stock lost 6.58% to €2.84, after already falling 6.71% over the week. Details are available in the third-quarter revenue release.
A break below the 30-session low places the price under its three moving averages
Intraday, the price broke down through its lowest level of the last 30 sessions, at €2.85. This former support now becomes resistance, with the next support identified at €2.70, about 5% below the current price.
The stock trades below its 20-day and 50-day moving averages, both at €2.94 (a gap of 3.40%), and 9.55% below its 200-day moving average, at €3.14.
The RSI at 40 remains in neutral territory, far from oversold. Over three months, the stock has fallen 9.45%, and over one year, nearly 28%. In a rather buoyant market, the CAC 40 gains 0.33% and the SBF 120 gains 0.35% at midday. The €2.70 level is the next technical level to watch.
