VIZIO Holding Corp. (NYSE:VZIO) finished Wednesday with a subtraction of -$0.87 to close at $6.41, a downside of -11.95 percent. An average of 1,217,360 shares of common stock have been traded in the last five days. There was a fall of -$0.98 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,239,765 shares traded, while the 50-day average volume stands at 969,362.
VZIO stock has decreased by -10.35% in the last month. The company shares reached their 1-month lowest point of $6.37 on 08/09/23. With the stock rallying to its 52-week high on 02/28/23, shares of the company touched a low of $6.32 and a high of $13.84 in 52 weeks. It has reached a new high 14 times so far this year and lost -13.50% or -$1.00 in price. In spite of this, the price is down -53.68% from the 52-week high.
Insider Transactions
VZIO stock investors should be aware that VIZIO Holding Corp. (VZIO) stock had its last reported insider trading activity 72 days ago on May 30. In this transaction, the insider spent $306,920. Chief Financial Officer, Townsend Adam R., disposed of 21,130 shares at a price of $7.20 on May 22. The insider now owns more than $152,094 worth of shares. Prior to that, O’Donnell Michael Joseph went on to Sale 9,737 shares at $7.20 each on May 22. An amount of $70,058 was transacted.
Valuation Metrics
VIZIO Holding Corp. (VZIO) has a trailing price-to-earnings (P/E) ratio of 128.20. The stock’s beta is 1.64. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 3.27, and the price-to-cash flow ratio at 112.05.
Financial Health
The quick ratio of VIZIO Holding Corp. for the three months ended June 29 was 1.60, and the current ratio was 1.60, 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. VIZIO Holding Corp.’s EBITDA margin for the year ending June 29 is 0.53%, while its operating margin for the same period stands at 0.90%. Its gross profit as reported stood at $312.5 million compared to revenue of $1.86 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, VIZIO Holding Corp.’s return on assets was 1.10%.
Earnings Surprise
For the three-month period that ended June 29, VIZIO Holding Corp. had $128.8 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.9 million in the quarter, while revenues were shrunk -21.05%. The analyst consensus anticipated VIZIO Holding Corp.’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to $6.9 million. At the end of the quarter ending June 29, VIZIO Holding Corp.’s stock balance sheet showed total liabilities of 442.7 million. Shareholders own equity worth $196.33 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 09 August was 29.28%, suggesting the stock is oversold, with historical volatility in this time frame at 88.44%.
As of today, VZIO’s price is $7.13 -13.26% or -$0.98 from its 5-day moving average. VZIO is currently trading -9.72% lower than its 20-day SMA and -31.74% lower than its 100-day SMA. However, the stock’s current price level is -3.61% below the SMA50 and -40.32% below the SMA200.
The stochastic %K and %D were 41.82% and 55.21%, respectively, and the average true range (ATR) was 0.41. With the 14-day stochastic at 3.31% and the average true range at 0.38, the RSI (14) stands at 35.64%. The stock has reached -0.22 on the 9-day MACD Oscillator while the 14-day reading was at -0.21.
Analyst Ratings
Morgan Stanley launched coverage on VIZIO Holding Corp. (NYSE: VZIO) in its analyst report released on December 01, 2022. The firm assigned the stock an Equal-weight 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 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 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 $9.00 and $16.00, with a median target of $12.00. Taking a look at these predictions, the average price target given by analysts for VIZIO Holding Corp. (VZIO) stock is $12.08.
