Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $175.48 in the prior trading day, Verisign Inc. (NASDAQ: VRSN) closed at $175.11, down -0.21%. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 1.27 million shares were traded. VRSN stock price reached its highest trading level at $178.43 during the session, while it also had its lowest trading level at $174.28.
Ratios:
Our goal is to gain a better understanding of VRSN 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 19.11 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.86. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.81.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on July 11, 2023, Downgraded its rating to Neutral and sets its target price to $245 from $265 previously.
On December 15, 2022, Robert W. Baird Upgraded its rating to Outperform which previously was Neutral and also upped its target price recommendation from $216 to $265.
On December 13, 2022, Citigroup started tracking the stock assigning a Buy rating and target price of $243.Citigroup initiated its Buy rating on December 13, 2022, with a $243 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 Apr 11 ’24 when Indelicarto Thomas C sold 614 shares for $190.00 per share. The transaction valued at 116,660 led to the insider holds 41,955 shares of the business.
Indelicarto Thomas C sold 614 shares of VRSN for $116,660 on Apr 02 ’24. The EVP, Gen Counsel & Secretary now owns 42,569 shares after completing the transaction at $190.00 per share. On Mar 12 ’24, another insider, Indelicarto Thomas C, who serves as the EVP, Gen Counsel & Secretary of the company, sold 613 shares for $192.37 each. As a result, the insider received 117,923 and left with 43,183 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, VRSN now has a Market Capitalization of 17572288512 and an Enterprise Value of 18311956480. As of this moment, Verisign’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.53, and their Forward P/E ratio for the next fiscal year is 20.25. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.68. Its current Enterprise Value per Revenue stands at 12.103 whereas that against EBITDA is 17.267.
Stock Price History:
The Beta on a monthly basis for VRSN is 0.88, which has changed by -0.20263195 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, VRSN has reached a high of $229.72, while it has fallen to a 52-week low of $174.51. The 50-Day Moving Average of the stock is -7.57%, while the 200-Day Moving Average is calculated to be -13.21%.
Shares Statistics:
The stock has traded on average 662.22K shares per day over the past 3-months and 910680 shares per day over the last 10 days, according to various share statistics. A total of 101.30M shares are outstanding, with a floating share count of 99.94M. Insiders hold about 0.95% of the company’s shares, while institutions hold 92.52% stake in the company. Shares short for VRSN as of 1713139200 were 1820646 with a Short Ratio of 2.75, compared to 1710460800 on 1760853. Therefore, it implies a Short% of Shares Outstanding of 1820646 and a Short% of Float of 2.79.
Dividends & Splits
The current Payout Ratio is 0.00% for VRSN, which recently paid a dividend on 2011-05-05 with an ex-dividend date of 1304553600. Stock splits for the company last occurred on 1999-12-07 when the company split stock in a 2:1 ratio.
Earnings Estimates
Verisign Inc. (VRSN) is presently subject to a detailed evaluation by 2.0 analysts, each offering their unique perspectives on its market standing.On average, analysts expect EPS of $1.93 for the current quarter, with a high estimate of $1.94 and a low estimate of $1.92, while EPS last year was $1.79. The consensus estimate for the next quarter is $2.0, with high estimates of $2.01 and low estimates of $2.0.
Analysts are recommending an EPS of between $8.06 and $7.84 for the fiscal current year, implying an average EPS of $7.93. EPS for the following year is $8.81, with 3.0 analysts recommending between $8.96 and $8.64.
Revenue Estimates
2 analysts predict $386.86M in revenue for the current quarter. It ranges from a high estimate of $387.33M to a low estimate of $386.4M. As of the current estimate, Verisign Inc.’s year-ago sales were $372MFor the next quarter, 2 analysts are estimating revenue of $394.28M. There is a high estimate of $396.56M for the next quarter, whereas the lowest estimate is $392M.
A total of 3 analysts have provided revenue estimates for VRSN’s current fiscal year. The highest revenue estimate was $1.58B, while the lowest revenue estimate was $1.56B, resulting in an average revenue estimate of $1.57B. In the same quarter a year ago, actual revenue was $1.49BBased on 3 analysts’ estimates, the company’s revenue will be $1.66B in the next fiscal year. The high estimate is $1.69B and the low estimate is $1.65B.
