In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The price of Viant Technology Inc (NASDAQ: DSP) closed at $8.13 in the last session, down -7.51% from day before closing price of $8.79. In other words, the price has decreased by -$7.51 from its previous closing price. On the day, 0.52 million shares were traded. DSP stock price reached its highest trading level at $9.7195 during the session, while it also had its lowest trading level at $7.85.
Ratios:
We take a closer look at DSP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 3.52. For the most recent quarter (mrq), Quick Ratio is recorded 3.13 and its Current Ratio is at 3.13. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.32.
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 this company, Needham on March 05, 2024, Reiterated its Buy rating but revised its target price to $12 from $10 previously.
On October 18, 2022, Craig Hallum started tracking the stock assigning a Buy rating and target price of $7.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 14 ’23 when VALDES MAX O sold 5,147 shares for $4.45 per share. The transaction valued at 22,904 led to the insider holds 69,913 shares of the business.
VALDES MAX O sold 5,147 shares of DSP for $22,132 on Jun 13 ’23. The Director now owns 75,060 shares after completing the transaction at $4.30 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, DSP now has a Market Capitalization of 511602208 and an Enterprise Value of 155781376. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.58 while its Price-to-Book (P/B) ratio in mrq is 1.88. Its current Enterprise Value per Revenue stands at 0.664 whereas that against EBITDA is 60.264.
Stock Price History:
Over the past 52 weeks, DSP has reached a high of $11.63, while it has fallen to a 52-week low of $3.75. The 50-Day Moving Average of the stock is -14.75%, while the 200-Day Moving Average is calculated to be 14.49%.
Shares Statistics:
According to the various share statistics, DSP traded on average about 147.00K shares per day over the past 3-months and 225250 shares per day over the past 10 days. A total of 15.78M shares are outstanding, with a floating share count of 13.96M. Insiders hold about 11.90% of the company’s shares, while institutions hold 45.20% stake in the company. Shares short for DSP as of 1713139200 were 589902 with a Short Ratio of 4.01, compared to 1710460800 on 503542. Therefore, it implies a Short% of Shares Outstanding of 589902 and a Short% of Float of 3.83.
