As of Friday close, Viasat Inc.’s (NASDAQ:VSAT) stock was down -$0.3, moving down -1.04 percent to $28.59. The average number of shares traded per day over the past five days has been 1,045,640 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.96 fall in that time frame. In the last twenty days, the average volume was 956,125, while in the previous 50 days, it was 1,093,946.
Since last month, VSAT stock retreated -13.02%. Shares of the company fell to $27.65 on 08/09/23, the lowest level in the past month. A 52-week high of $47.35 was reached on 06/02/23 after having rallying from a 52-week low of $27.34. Since the beginning of this year, VSAT’s stock price has dropped by -9.67% or -$3.06, and marked a new high 12 times. However, the stock has declined by -39.62% since its 52-week high.
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VSAT stock investors should be aware that Viasat Inc. (VSAT) stock had its last reported insider trading activity 4 days ago on Aug 15. Dodd James Michael, the President, Global Mobile of the company, disposed of 5,000 shares for $31.31 on Aug 15. It resulted in a $156,550 divestment by the insider. Miller Craig Andrew sold 200 shares at an average price of $28.56 on Aug 07. The insider now owns 9,692 shares following the transaction. On Jul 10, Pres. Government Systems Miller Craig Andrew sold 200 shares at $41.90 apiece. The transaction was valued at $8,380.
Valuation Metrics
The stock’s beta is 1.20. Besides these, the trailing price-to-sales (P/S) ratio of 1.36, the price-to-book (PB) ratio of 0.57.
Financial Health
In the three months ended June 29, Viasat Inc.’s quick ratio stood at 2.10, while its current ratio was 2.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.63, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 28.20% percent. In the year ended June 29, EBITDA margin amounted to 13.47%, whereas operating margins totaled -5.50%. Based on annual data, VSAT earned $721.4 million in gross profit and brought in $2.56 billion 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 -3.30%. Return on equity (ROE) for the past 12 months was -4.60%.
In Viasat Inc.’s quarter-end financial report for June 29, it reported total debt of $3.61 billion against cash and short-term investments of $134.27 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VSAT’s revenue rose 13.03% to $569.81 million during the quarter, while net income inched up to $779.79 million. While analysts expected Viasat Inc. to report -$0.35 quarterly earnings, the actual figure was -$0.83 per share, beating the consensus estimate by -137.10%. During the quarter, the company generated $133.06 million in EBITDA. The liabilities of Viasat Inc. were 11.92 billion at the end of its most recent quarter ended June 29, and its total debt was $7.76 billion. The value of shareholders’ equity is $124.06 million.
Technical Picture
This quick technical analysis looks at Viasat Inc.’s (VSAT) price momentum. With a historical volatility rate of 51.77%, the RSI 9-day stood at 36.92% on 18 August.
With respect to its five-day moving average, the current Viasat Inc. price is down by -6.42% percent or -$1.96. At present, VSAT shares trade -8.60% below its 20-day simple moving average and -9.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -36.92% below its SMA50 and -30.20% below its SMA200.
Stochastic coefficient K was 33.67% and Stochastic coefficient D was 54.96%, while ATR was 1.49. Given the Stochastic reading of 22.50% for the 14-day period, the RSI (14) reading has been calculated as 37.43%. As of today, the MACD Oscillator reading stands at -0.70, while the 14-day reading stands at -0.50.
Analyst Ratings
Viasat Inc. (VSAT) has been rated Overweight by analysts. According to 0 brokerage firms, VSAT is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Viasat Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $46.00, the current consensus forecast for the stock is $34.00 – $66.00. Based on these forecasts, analysts predict Viasat Inc. (VSAT) will achieve an average price target of $47.17.
