As of Friday close, Vivid Seats Inc.’s (NASDAQ:SEAT) stock was up $0.04, moving up 0.55 percent to $7.30. The average number of shares traded per day over the past five days has been 488,140 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.15 fall in that time frame. In the last twenty days, the average volume was 627,750, while in the previous 50 days, it was 625,774.
Since last month, SEAT stock retreated -11.73%. Shares of the company fell to $6.99 on 08/08/23, the lowest level in the past month. A 52-week high of $9.89 was reached on 05/11/23 after having rallying from a 52-week low of $6.29. Since the beginning of this year, SEAT’s stock price has dropped by 0.00%, and marked a new high 18 times. However, the stock has declined by -26.19% since its 52-week high.
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SEAT stock investors should be aware that Vivid Seats Inc. (SEAT) stock had its last reported insider trading activity 30 days ago on Jul 20. Wagner Jonathan Miles, the Chief Technology Officer of the company, disposed of 1,804 shares for $8.25 on Jul 20. It resulted in a $14,883 divestment by the insider. Bakal Riva sold 1,144 shares at an average price of $8.25 on Jul 20. The insider now owns 42,803 shares following the transaction. On Jul 20, Chief Accounting Officer Pickus Edward sold 541 shares at $8.25 apiece. The transaction was valued at $4,463.
Valuation Metrics
Right now, Vivid Seats Inc. (SEAT) has a P/E ratio of about 12.85. The stock’s beta is 1.08.
Financial Health
In the three months ended June 29, Vivid Seats Inc.’s quick ratio stood at 0.90, while its current ratio was 1.00, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 75.90% percent. In the year ended June 29, EBITDA margin amounted to 15.60%, whereas operating margins totaled 15.10%. Based on annual data, SEAT earned $459.77 million in gross profit and brought in $600.27 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -65.60%. Return on equity (ROE) for the past 12 months was -16.20%.
In Vivid Seats Inc.’s quarter-end financial report for June 29, it reported total debt of $278.68 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SEAT’s revenue rose 20.93% to $161.06 million during the quarter, while net income inched up to $165.38 million. While analysts expected Vivid Seats Inc. to report $0.05 quarterly earnings, the actual figure was $0.2 per share. During the quarter, the company generated $20.69 million in EBITDA. The liabilities of Vivid Seats Inc. were 1.62 billion at the end of its most recent quarter ended June 29, and its total debt was $281.43 million. The value of shareholders’ equity is $196.18 million.
Technical Picture
This quick technical analysis looks at Vivid Seats Inc.’s (SEAT) price momentum. With a historical volatility rate of 48.27%, the RSI 9-day stood at 36.15% on 18 August.
With respect to its five-day moving average, the current Vivid Seats Inc. price is down by -2.01% percent or -$0.15. At present, SEAT shares trade -12.26% below its 20-day simple moving average and +1.39% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.89% below its SMA50 and -10.98% below its SMA200.
Stochastic coefficient K was 23.57% and Stochastic coefficient D was 27.39%, while ATR was 0.28. Given the Stochastic reading of 23.66% for the 14-day period, the RSI (14) reading has been calculated as 38.99%. As of today, the MACD Oscillator reading stands at -0.04, while the 14-day reading stands at -0.17.
Analyst Ratings
Morgan Stanley launched its rating on Vivid Seats Inc. (NASDAQ: SEAT) to an Equal-weight in a note to investors on August 01, 2023. Vivid Seats Inc. (SEAT) has been rated Overweight by analysts. According to 0 brokerage firms, SEAT is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Vivid Seats Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $10.00, the current consensus forecast for the stock is $8.00 – $19.00. Based on these forecasts, analysts predict Vivid Seats Inc. (SEAT) will achieve an average price target of $11.50.
