Vimeo Inc. (NASDAQ:VMEO) saw an upside of 2.82% to $4.37 after adding $0.12 on Tuesday. The 5-day average trading volume is 1,433,033 shares of the company’s common stock. It has gained $4.38 in the past week and touched a new high 3 times within the past 5 days. An average of 1,527,518 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,748,891.
VMEO’s 1-month performance is 17.73% or $1.12 on its low of $3.07 reached on 12/27/22. The company’s shares have touched a 52-week low of $3.07 and high of $15.52, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, VMEO has achieved 23.91% or $0.88 and has reached a new high 8 times. However, the current price is down -71.84% from the 52-week high price.
Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.60 while the price-to-book (PB) in the most recent quarter is 1.98.
Vimeo Inc.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.40. In terms of profitability, the gross margin trailing 12 months is 75.70%. The firm’s gross profit as reported stood at $289.14 million against revenue of $391.68 million.
For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 45.52% to -$21.42 million, while revenue of -$26.5 million was -23.72% off the previous quarter. Analysts expected VMEO to announce -$0.17 per share in earnings in its latest quarter, but it posted -$0.13, representing a 23.50% surprise. EBITDA for the quarter stood at more than -$21.51 million. VMEO stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 257.49 million, with total debt at $15.4 million. Shareholders hold equity totaling $166.44 million.
Let’s look briefly at Vimeo Inc. (VMEO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 81.27% to suggest the stock is trending Overbought, with historical volatility in this time period at 42.69%.
The stock’s 5-day moving average is $4.02, reflecting a +15.86% or $0.59 change from its current price. VMEO is currently trading +32.62% above its 20-day SMA, -27.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.95% and SMA200 by-62.33%.
Stochastic %K and %D was 93.66% and 88.68% and the average true range (ATR) pointed at 0.22. The RSI (14) points at 70.37%, while the 14-day stochastic is at 92.63% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at 0.24 and 0.31 on the 14-day charts.
In the most recent analyst report for Vimeo Inc. (NASDAQ: VMEO), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock.
What is VMEO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $5.00 and a high of $10.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for Vimeo Inc. (VMEO) stock is $7.25.