Is Wall Street High Or Low On VIZIO Holding Corp. (VZIO)?

VIZIO Holding Corp. (NYSE:VZIO) finished Friday with a subtraction of -$0.58 to close at $20.12, a downside of -2.80 percent. An average of 638,440 shares of common stock have been traded in the last five days. There was a gain of $0.95 in the past week. The last 20 days have seen an average of 952,395 shares traded, while the 50-day average volume stands at 961,060.

VZIO stock has increased by 1.67% in the last month. The company shares reached their 1-month lowest point of $18.75 on 10/18/21. Shares of the company touched a low of $17.25 and a high of $28.80 in 52 weeks. In spite of this, the price is down -30.14% from the 52-week high.


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Insider Transactions

4 days have passed since VIZIO Holding Corp. (VZIO) last reported insider trading activity. V-TW Holdings, LLC, who is 10% Owner, most recently acquired $71,368 shares at $20.33 per share on Oct 19. In this transaction, the insider spent $1,450,612. 10% Owner, V-TW Holdings, LLC, disposed of 16,632 shares at a price of $19.63 on Oct 18. The insider now owns more than $326,481 worth of shares. Prior to that, 10% Owner V-TW Holdings, LLC went on to Sale 25,936 shares at $19.79 each on Oct 13. An amount of $513,175 was transacted.

Valuation Metrics

VIZIO Holding Corp. (VZIO) has a trailing price-to-earnings (P/E) ratio of 23.30 for the broader industry and 38.99 for the sector. In the last five years, VIZIO Holding Corp.’s PE ratio has ranged between 430.30 and 283.46. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.71, the price-to-book (PB) ratio at 12.19.

The quick ratio of VIZIO Holding Corp. for the three months ended June 29 was 1.40, and the current ratio was 1.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending June 29.

Earnings Surprise

The analyst consensus anticipated VIZIO Holding Corp.’s latest quarter earnings to come in at -$0.09 per share, but it turned out to be -$0.08, a 11.10% surprise. At the end of the quarter ending June 29, VIZIO Holding Corp.’s stock balance sheet showed total debt was $6.67 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at VIZIO Holding Corp. (VZIO) price momentum. RSI 9-day as of the close on 22 October was 49.03%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.33%.

As of today, VZIO’s price is $20.32 +4.96% or $0.95 from its 5-day moving average. VZIO is currently trading +2.86% higher than its 20-day SMA and -7.37% lower than its 100-day SMA. However, the stock’s current price level is -6.16% below the SMA50.

The stochastic %K and %D were 61.45% and 60.42%, respectively, and the average true range (ATR) was 0.84. With the 14-day stochastic at 48.75% and the average true range at 0.89, the RSI (14) stands at 49.44%. The stock has reached 0.47 on the 9-day MACD Oscillator while the 14-day reading was at 0.25.

Analyst Ratings

Stephens launched coverage on VIZIO Holding Corp. (NYSE: VZIO) in its analyst report released on September 14, 2021. The firm assigned the stock a an Overweight rating. The consensus rating for VIZIO Holding Corp. (VZIO) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VZIO, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is VZIO’s price target for the next 12 months?

Analysts predict a range of price targets between $21.00 and $34.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for VIZIO Holding Corp. (VZIO) stock is $29.67.

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