Viavi Solutions Inc. (NASDAQ:VIAV) finished Wednesday with a subtraction of -$0.11 to close at $10.75, a downside of -1.01 percent. An average of 1,545,440 shares of common stock have been traded in the last five days. There was a fall of -$0.13 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,525,935 shares traded, while the 50-day average volume stands at 1,789,692.
VIAV stock has decreased by -6.11% in the last month. The company shares reached their 1-month lowest point of $10.65 on 08/09/23. With the stock rallying to its 52-week high on 02/03/23, shares of the company touched a low of $8.52 and a high of $16.00 in 52 weeks. It has reached a new high 12 times so far this year and achieved 2.28% or $0.24 in price. In spite of this, the price is down -32.81% from the 52-week high.
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Insider Transactions
VIAV stock investors should be aware that Viavi Solutions Inc. (VIAV) stock had its last reported insider trading activity 169 days ago on Feb 22. In this transaction, the insider spent $150,269. SVP Global Sales NSE, Staley Gary W, disposed of 13,453 shares at a price of $11.16 on Feb 16. The insider now owns more than $150,135 worth of shares. Prior to that, SVP Global Sales NSE Staley Gary W went on to Sale 13,216 shares at $11.31 each on Feb 08. An amount of $149,473 was transacted.
Valuation Metrics
Viavi Solutions Inc. (VIAV) has a trailing price-to-earnings (P/E) ratio of 59.07. The stock’s beta is 0.84. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.02, the price-to-book (PB) ratio at 3.54, and the price-to-cash flow ratio at 23.45.
Financial Health
The quick ratio of Viavi Solutions Inc. for the three months ended March 30 was 2.10, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.94 and a total debt to equity ratio of 1.18 for the quarter ending March 30. Its gross profit as reported stood at $773.5 million compared to revenue of $1.29 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Viavi Solutions Inc.’s return on assets was 2.30%.
Earnings Surprise
For the three-month period that ended March 30, Viavi Solutions Inc. had $1.5 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$15.4 million in the quarter, while revenues of $8.4 million were grew 224.68%. The analyst consensus anticipated Viavi Solutions Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.08, a -11.10% surprise. For the quarter, EBITDA amounted to $16.3 million. Shareholders own equity worth $222.45 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Viavi Solutions Inc. (VIAV) price momentum. RSI 9-day as of the close on 09 August was 39.23%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.63%.
As of today, VIAV’s price is $10.87 -1.19% or -$0.13 from its 5-day moving average. VIAV is currently trading -6.68% lower than its 20-day SMA and +3.27% higher than its 100-day SMA. However, the stock’s current price level is +7.50% above the SMA50 and -23.10% below the SMA200.
The stochastic %K and %D were 32.56% and 35.01%, respectively, and the average true range (ATR) was 0.23. With the 14-day stochastic at 17.95% and the average true range at 0.24, the RSI (14) stands at 44.93%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.05.
Analyst Ratings
Stifel launched coverage on Viavi Solutions Inc. (NASDAQ: VIAV) in its analyst report released on December 02, 2022. The firm assigned the stock a Hold rating. The consensus rating for Viavi Solutions Inc. (VIAV) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell VIAV, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is VIAV’s price target for the next 12 months?
Analysts predict a range of price targets between $10.00 and $13.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for Viavi Solutions Inc. (VIAV) stock is $11.81.
