VIZIO Holding Corp. (NYSE:VZIO) saw an upside of 0.65% to close Friday at $6.19 after adding $0.04 on the day. The 5-day average trading volume is 605,040 shares of the company’s common stock. It has gained $6.45 in the past week and touched a new high 1 time within the past 5 days. An average of 1,131,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 948,004.
VZIO’s 1-month performance is -15.90% or -$1.19 on its low of $6.02 reached on 08/18/23. The company’s shares have touched a 52-week low of $6.15 and high of $12.57, with the stock’s rally to the 52-week high happening on 02/28/23. YTD, VZIO has lost -16.46% or -$1.22 and has reached a new high 14 times. However, the current price is down -50.76% from the 52-week high price.
Insider Transactions
VZIO stock investors last saw insider trading activity on May 30.Townsend Adam R. (Chief Financial Officer) most recently sold 46,901 shares at $6.54 per share on May 30. This transaction cost the insider $306,920. Chief Financial Officer, Townsend Adam R., sold 21,130 shares at a price of $7.20 on May 22. Then, on May 22, O’Donnell Michael Joseph sold 9,737 shares at a price of $7.20 per share. This transaction amounted to $70,058.
Valuation Metrics
VZIO stock has a beta of 1.70. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.70 while the price-to-book (PB) in the most recent quarter is 3.14.
VIZIO Holding Corp.’s quick ratio for the period ended June 29 was 1.60, with the current ratio over the same period at 1.60. In terms of profitability, the gross margin trailing 12 months is 19.00%. The trailing 12-month EBITDA margin is 0.53% while for the period ending June 29, VIZIO Holding Corp.’s operating margin was 1.10%. The firm’s gross profit as reported stood at $312.5 million against revenue of $1.86 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -21.05% to $1.9 million, while revenue of -$0.7 million was 136.84% off the previous quarter. Analysts expected VZIO to announce $0 per share in earnings in its latest quarter, but it posted $0.01. EBITDA for the quarter stood at more than $6.9 million. VZIO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 442.7 million, with total debt at $13.2 million. Shareholders hold equity totaling $196.33 million.
Let’s look briefly at VIZIO Holding Corp. (VZIO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 31.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 69.06%.
The stock’s 5-day moving average is $6.24, reflecting a -3.58% or -$0.23 change from its current price. VZIO is currently trading -14.97% above its 20-day SMA, -32.86% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.90% and SMA200 by-44.73%.
Stochastic %K and %D was 9.80% and 9.27% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 35.62%, while the 14-day stochastic is at 10.97% with the period’s ATR at 0.32. The stock’s 9-day MACD Oscillator is pointing at -0.24 and -0.57 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for VIZIO Holding Corp. (NYSE: VZIO), Morgan Stanley launched coverage with an Equal-weight rating. Analysts offering their rating for VZIO stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate VZIO as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is VZIO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $16.00, with their median price target at $12.00. Looking at these predictions, the average price target given by analysts is for VIZIO Holding Corp. (VZIO) stock is $11.92.
