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As of close of business last night, Viavi Solutions Inc’s stock clocked out at $7.80, down -0.26% from its previous closing price of $7.82. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 1.29 million shares were traded. VIAV stock price reached its highest trading level at $7.845 during the session, while it also had its lowest trading level at $7.69.
Ratios:
To gain a deeper understanding of VIAV’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.58 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.22. 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:
Investing in insider trades can also provide an investor with insight into how management views future 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 1745718016 and an Enterprise Value of 1711656832. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.72 while its Price-to-Book (P/B) ratio in mrq is 2.47. Its current Enterprise Value per Revenue stands at 1.691 whereas that against EBITDA is 18.892.
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 5.58%, while the 200-Day Moving Average is calculated to be -9.09%.
Shares Statistics:
It appears that VIAV traded 1.63M shares on average per day over the past three months and 1495170 shares per day over the past ten 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 97.19% stake in the company. Shares short for VIAV as of 1719532800 were 4980844 with a Short Ratio of 3.06, compared to 1717113600 on 4757395. Therefore, it implies a Short% of Shares Outstanding of 4980844 and a Short% of Float of 3.1600002000000003.
