In the latest session, Viavi Solutions Inc (NASDAQ: VIAV) closed at $10.19 down -5.12% from its previous closing price of $10.74. In other words, the price has decreased by -$0.55 from its previous closing price. On the day, 2526967 shares were traded.
Ratios:
For a deeper understanding of Viavi Solutions Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.90. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.93.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on February 12, 2024, Upgraded its rating to Buy and sets its target price to $13 from $10 previously.
On December 02, 2022, Stifel started tracking the stock assigning a Hold rating and target price of $12.
B. Riley Securities Downgraded its Buy to Neutral on November 04, 2022, whereas the target price for the stock was revised from $21 to $14.50.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 12 ’24 when McNab Paul sold 15,004 shares for $10.62 per share. The transaction valued at 159,342 led to the insider holds 57,940 shares of the business.
Siebert Kevin Christopher sold 13,967 shares of VIAV for $149,447 on Mar 11 ’24. The SVP Gen. Counsel & Secretary now owns 47,097 shares after completing the transaction at $10.70 per share. On Feb 01 ’24, another insider, RONDINONE RALPH, who serves as the SVP Global Operations NSE of the company, sold 1,122 shares for $9.85 each. As a result, the insider received 11,052 and left with 32,722 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VIAV now has a Market Capitalization of 2.27B and an Enterprise Value of 2.48B. As of this moment, Viavi’s Price-to-Earnings (P/E) ratio for their current fiscal year is 454.91, and their Forward P/E ratio for the next fiscal year is 18.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 30.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.24 while its Price-to-Book (P/B) ratio in mrq is 3.12. Its current Enterprise Value per Revenue stands at 2.45 whereas that against EBITDA is 19.60.
Stock Price History:
Over the past 52 weeks, VIAV has reached a high of $11.65, while it has fallen to a 52-week low of $7.26. The 50-Day Moving Average of the stock is 9.85, while the 200-Day Moving Average is calculated to be 9.62.
Shares Statistics:
For the past three months, VIAV has traded an average of 2.29M shares per day and 2.85M over the past ten days. A total of 222.00M shares are outstanding, with a floating share count of 219.36M. Insiders hold about 1.44% of the company’s shares, while institutions hold 96.22% stake in the company. Shares short for VIAV as of Feb 29, 2024 were 5.88M with a Short Ratio of 2.57, compared to 6.4M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.64% and a Short% of Float of 3.75%.
