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Viavi Solutions Inc (NASDAQ: VIAV) closed the day trading at $7.53 down -1.70% from the previous closing price of $7.66. In other words, the price has decreased by -$1.70 from its previous closing price. On the day, 1.05 million shares were traded. VIAV stock price reached its highest trading level at $7.75 during the session, while it also had its lowest trading level at $7.52.
Ratios:
For a better understanding of VIAV, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.55. 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 February 12, 2024, Stifel Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $10 to $13.
On December 02, 2022, Stifel started tracking the stock assigning a Hold rating and target price of $12.Stifel initiated its Hold rating on December 02, 2022, with a $12 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1680982144 and an Enterprise Value of 1651382528. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.66 while its Price-to-Book (P/B) ratio in mrq is 2.38. Its current Enterprise Value per Revenue stands at 1.632 whereas that against EBITDA is 18.227.
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 $7.10. The 50-Day Moving Average of the stock is -6.21%, while the 200-Day Moving Average is calculated to be -15.71%.
Shares Statistics:
Over the past 3-months, VIAV traded about 1.74M shares per day on average, while over the past 10 days, VIAV traded about 1091480 shares per day. A total of 222.00M shares are outstanding, with a floating share count of 220.06M. Insiders hold about 1.42% of the company’s shares, while institutions hold 97.35% stake in the company. Shares short for VIAV as of 1715731200 were 4878607 with a Short Ratio of 2.80, compared to 1713139200 on 4810773. Therefore, it implies a Short% of Shares Outstanding of 4878607 and a Short% of Float of 3.1.
