Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Viavi Solutions Inc (NASDAQ: VIAV) closed at $7.36 down -2.58% from its previous closing price of $7.56. In other words, the price has decreased by -$2.58 from its previous closing price. On the day, 1.35 million shares were traded. VIAV stock price reached its highest trading level at $7.685 during the session, while it also had its lowest trading level at $7.335.
Ratios:
For a deeper understanding of Viavi Solutions Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.09. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 12 ’24 when McNab Paul sold 15,004 shares for $10.62 per share. The transaction valued at 159,342 led to the insider holds 57,940 shares of the business.
Siebert Kevin Christopher sold 13,967 shares of VIAV for $149,447 on Mar 11 ’24. The SVP Gen. Counsel & Secretary now owns 47,097 shares after completing the transaction at $10.70 per share. On Feb 01 ’24, another insider, RONDINONE RALPH, who serves as the SVP Global Operations NSE of the company, sold 1,122 shares for $9.85 each. As a result, the insider received 11,052 and left with 32,722 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 1682600576 and an Enterprise Value of 1614548224. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 2.33. Its current Enterprise Value per Revenue stands at 1.595 whereas that against EBITDA is 17.821.
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 -19.29%, while the 200-Day Moving Average is calculated to be -20.67%.
Shares Statistics:
For the past three months, VIAV has traded an average of 2.04M shares per day and 1653470 over the past ten days. A total of 222.00M shares are outstanding, with a floating share count of 219.39M. Insiders hold about 1.43% of the company’s shares, while institutions hold 96.26% stake in the company. Shares short for VIAV as of 1713139200 were 4810773 with a Short Ratio of 2.36, compared to 1710460800 on 6443392. Therefore, it implies a Short% of Shares Outstanding of 4810773 and a Short% of Float of 3.0700000000000003.
