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After finishing at $8.37 in the prior trading day, Viavi Solutions Inc (NASDAQ: VIAV) closed at $8.28, down -1.08%. In other words, the price has decreased by -$1.08 from its previous closing price. On the day, 1.53 million shares were traded. VIAV stock price reached its highest trading level at $8.47 during the session, while it also had its lowest trading level at $8.25.
Ratios:
Our goal is to gain a better understanding of VIAV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.96. For the most recent quarter (mrq), Quick Ratio is recorded 3.16 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 1.01 whereas as Long-Term Debt/Eq ratio is at 0.99.
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:
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 Sep 16 ’24 when MASOOD JABBAR bought 15,000 shares for $8.20 per share.
JABBAR MASOOD sold 15,000 shares of VIAV for $123,000 on Sep 16 ’24. The Director now owns 228,514 shares after completing the transaction at $8.20 per share. On Sep 13 ’24, another insider, McNab Paul, who serves as the EVP, Chief Mktg & Stgy Officer of the company, sold 5,920 shares for $8.45 each. As a result, the insider received 50,024 and left with 34,545 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 1837439488 and an Enterprise Value of 1807836032. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.84 while its Price-to-Book (P/B) ratio in mrq is 2.70. Its current Enterprise Value per Revenue stands at 1.807 whereas that against EBITDA is 21.651.
Stock Price History:
Over the past 52 weeks, VIAV has reached a high of $11.32, while it has fallen to a 52-week low of $6.60. The 50-Day Moving Average of the stock is 4.92%, while the 200-Day Moving Average is calculated to be -3.28%.
Shares Statistics:
The stock has traded on average 1.70M shares per day over the past 3-months and 1209710 shares per day over the last 10 days, according to various share statistics. A total of 222.00M shares are outstanding, with a floating share count of 218.70M. Insiders hold about 1.45% of the company’s shares, while institutions hold 94.98% stake in the company. Shares short for VIAV as of 1724976000 were 4481057 with a Short Ratio of 2.63, compared to 1722384000 on 4050080. Therefore, it implies a Short% of Shares Outstanding of 4481057 and a Short% of Float of 2.87.
