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The price of Viavi Solutions Inc (NASDAQ: VIAV) closed at $7.28 in the last session, up 2.97% from day before closing price of $7.07. In other words, the price has increased by $2.97 from its previous closing price. On the day, 2.46 million shares were traded. VIAV stock price reached its highest trading level at $7.359 during the session, while it also had its lowest trading level at $7.15.
Ratios:
We take a closer look at VIAV’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 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.94. For the most recent quarter (mrq), Quick Ratio is recorded 3.35 and its Current Ratio is at 3.81. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.96.
On May 03, 2024, Susquehanna Downgraded its rating to Neutral which previously was Positive but kept the price unchanged to $9.
Stifel Upgraded its Hold to Buy on February 12, 2024, whereas the target price for the stock was revised from $10 to $13.
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 May 29 ’24 when McNab Paul sold 6,822 shares for $7.33 per share. The transaction valued at 50,005 led to the insider holds 42,955 shares of the business.
McNab Paul sold 4,762 shares of VIAV for $35,001 on May 10 ’24. The EVP, Chief Mktg & Stgy Officer now owns 49,777 shares after completing the transaction at $7.35 per share. On May 07 ’24, another insider, McNab Paul, who serves as the EVP, Chief Mktg & Stgy Officer of the company, sold 3,401 shares for $7.34 each. As a result, the insider received 24,963 and left with 54,539 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 1625172736 and an Enterprise Value of 1595572992. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.61 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 1.577 whereas that against EBITDA is 17.611.
Stock Price History:
The Beta on a monthly basis for VIAV is 0.91, which has changed by -0.3447345 over the last 52 weeks, in comparison to a change of 0.23951602 over the same period for the S&P500. Over the past 52 weeks, VIAV has reached a high of $11.65, while it has fallen to a 52-week low of $6.60. The 50-Day Moving Average of the stock is -1.85%, while the 200-Day Moving Average is calculated to be -15.44%.
Shares Statistics:
According to the various share statistics, VIAV traded on average about 1.60M shares per day over the past 3-months and 2365720 shares per day over the past 10 days. A total of 222.00M shares are outstanding, with a floating share count of 220.19M. Insiders hold about 1.36% of the company’s shares, while institutions hold 97.18% stake in the company. Shares short for VIAV as of 1718323200 were 5120207 with a Short Ratio of 3.12, compared to 1715731200 on 4878607. Therefore, it implies a Short% of Shares Outstanding of 5120207 and a Short% of Float of 3.25.
