The price of Vivid Seats Inc (NASDAQ: SEAT) closed at $5.79 in the last session, up 1.22% from day before closing price of $5.72. In other words, the price has increased by $+0.07 from its previous closing price. On the day, 1175901 shares were traded. SEAT stock price reached its highest trading level at $5.80 during the session, while it also had its lowest trading level at $5.69.
Ratios:
We take a closer look at SEAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.30. For the most recent quarter (mrq), Quick Ratio is recorded 0.46 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 2.71 whereas as Long-Term Debt/Eq ratio is at 2.67.
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 this company, Craig Hallum on February 09, 2024, initiated with a Buy rating and assigned the stock a target price of $10.
On August 01, 2023, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $9.50.
On July 24, 2023, BofA Securities started tracking the stock assigning a Buy rating and target price of $10.BofA Securities initiated its Buy rating on July 24, 2023, with a $10 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 12 ’24 when Wagner Jonathan Miles sold 29,588 shares for $5.71 per share. The transaction valued at 168,947 led to the insider holds 139,925 shares of the business.
Bakal Riva sold 2,051 shares of SEAT for $11,711 on Mar 12 ’24. The Chief Strategy Officer now owns 94,955 shares after completing the transaction at $5.71 per share. On Mar 12 ’24, another insider, Pickus Edward, who serves as the Chief Accounting Officer of the company, sold 725 shares for $5.71 each. As a result, the insider received 4,140 and left with 34,154 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, SEAT now has a Market Capitalization of 775.59M and an Enterprise Value of 934.88M. As of this moment, Vivid’s Price-to-Earnings (P/E) ratio for their current fiscal year is 48.33, and their Forward P/E ratio for the next fiscal year is 14.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 7.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 7.38. Its current Enterprise Value per Revenue stands at 1.31 whereas that against EBITDA is 9.13.
Stock Price History:
Over the past 52 weeks, SEAT has reached a high of $9.89, while it has fallen to a 52-week low of $5.11. The 50-Day Moving Average of the stock is 5.79, while the 200-Day Moving Average is calculated to be 6.69.
Shares Statistics:
According to the various share statistics, SEAT traded on average about 1.61M shares per day over the past 3-months and 1.44M shares per day over the past 10 days. A total of 133.88M shares are outstanding, with a floating share count of 73.46M. Insiders hold about 45.16% of the company’s shares, while institutions hold 40.94% stake in the company. Shares short for SEAT as of Mar 15, 2024 were 5.91M with a Short Ratio of 4.96, compared to 5.82M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.41% and a Short% of Float of 15.45%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.06 for the current quarter, with a high estimate of $0.11 and a low estimate of $0.02, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.08, with high estimates of $0.14 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.58 and $0.12 for the fiscal current year, implying an average EPS of $0.33. EPS for the following year is $0.41, with 8 analysts recommending between $0.6 and $0.15.
Revenue Estimates
According to 9 analysts, the current quarter’s revenue is expected to be $181.67M. It ranges from a high estimate of $188.4M to a low estimate of $172.53M. As of the current estimate, Vivid Seats Inc’s year-ago sales were $139.86M, an estimated increase of 29.90% from the year-ago figure. For the next quarter, 9 analysts are estimating revenue of $200.66M, an increase of 35.50% over than the figure of $29.90% in the same quarter last year. There is a high estimate of $205.92M for the next quarter, whereas the lowest estimate is $191.91M.
A total of 12 analysts have provided revenue estimates for SEAT’s current fiscal year. The highest revenue estimate was $831.65M, while the lowest revenue estimate was $809.7M, resulting in an average revenue estimate of $824.81M. In the same quarter a year ago, actual revenue was $712.88M, up 15.70% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $897.99M in the next fiscal year. The high estimate is $928.55M and the low estimate is $845.44M. The average revenue growth estimate for next year is up 8.90% from the average revenue estimate for this year.
