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The closing price of Viavi Solutions Inc (NASDAQ: VIAV) was $9.04 for the day, down -1.85% from the previous closing price of $9.21. In other words, the price has decreased by -$1.85 from its previous closing price. On the day, 0.95 million shares were traded. VIAV stock price reached its highest trading level at $9.18 during the session, while it also had its lowest trading level at $8.975.
Ratios:
Our analysis of VIAV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.68. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 26 ’24 when RALPH RONDINONE bought 5,117 shares for $8.86 per share.
LUKE SCRIVANICH bought 3,029 shares of VIAV for $26,837 on Sep 26 ’24. On Sep 26 ’24, another insider, KEVIN SIEBERT, who serves as the Officer of the company, bought 2,671 shares for $8.86 each.
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 2004140800 and an Enterprise Value of 1976489600. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.00 while its Price-to-Book (P/B) ratio in mrq is 2.94. Its current Enterprise Value per Revenue stands at 1.976 whereas that against EBITDA is 23.671.
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 8.75%, while the 200-Day Moving Average is calculated to be 5.81%.
Shares Statistics:
VIAV traded an average of 1.54M shares per day over the past three months and 1367880 shares per day over the past ten days. A total of 222.00M shares are outstanding, with a floating share count of 218.52M. Insiders hold about 1.43% of the company’s shares, while institutions hold 95.12% stake in the company. Shares short for VIAV as of 1727654400 were 4208145 with a Short Ratio of 2.72, compared to 1724976000 on 4481057. Therefore, it implies a Short% of Shares Outstanding of 4208145 and a Short% of Float of 2.74.
