The stock of VIZIO Holding Corp. (NYSE:VZIO) increased by $0.03 on Friday to finish at $5.59, up 0.54 percent. The last five days have seen an average of 922,340 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.82. The average number of shares traded over the last 20 days was 985,390, while the average volume over the last 50 days totaled 967,654.
VZIO stock dropped -16.94% since last month. On 08/25/23, the company’s shares reached a one-month low of $5.36. The stock touched a high of $12.17 on 02/28/23, after rallying from a low of $5.52 in 52 weeks. The price of VZIO stock has declined by -24.56% or -$1.82 this year, reaching a new high 14 times. Still, the stock price is down -54.07% from the 52-week high.
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Insider Transactions
VZIO stock investors should be aware that VIZIO Holding Corp. (VZIO) stock had its last reported insider trading activity 7 days ago on Aug 21. On Aug 21, O’Donnell Michael Joseph sold 1,983 shares at $6.23 each. This transaction resulted in the insider making $12,355. On May 30, Townsend Adam R. sold 46,901 shares at a price of US$6.54. After the transaction, the insider now owns 424,312 shares. Chief Financial Officer Townsend Adam R. had earlier sold 21,130 shares on May 22 for $7.20 a share. The transaction was completed for $152,094.
Valuation Metrics
VIZIO Holding Corp. (VZIO) has a trailing price-to-earnings (P/E) ratio of 116.46. Beta for the stock is 1.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.63, the price-to-book (PB) ratio of 2.84.
Financial Health
For the three months ended June 29, VIZIO Holding Corp.’s quick ratio was 1.60, while its current ratio was 1.60, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 19.00% percent. VIZIO Holding Corp.’s EBITDA margin for the year ended June 29 was 0.53%, whereas its operating margin stood at 1.10% for the same period. Based on annual data, it had gross profit of $312.5 million and revenue of $1.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VZIO’s return on assets (ROA) during the last 12 months has been 1.10%. There was a -0.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 2.50%.
Earnings Surprise
According to VIZIO Holding Corp.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $394.1 million, while revenues fell by -3.76% to $356.7 million. It was predicted that VIZIO Holding Corp.’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was $6.9 million for the quarter. At the end of VIZIO Holding Corp.’s most recent quarter ended June 29, its liabilities totaled 442.7 million, while its total debt was $13.2 million. Equity owned by shareholders amounts to $196.33 million.
Technical Picture
Here’s a quick look at VIZIO Holding Corp.’s (VZIO) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 20.33%, suggesting the stock is oversold, with a 49.52% historical volatility rate.
The stochastic %K and %D were 7.38% and 8.49% respectively, while the average true range (ATR) was 0.30. Based on the 14-day stochastic reading of 10.59%, the RSI (14) reading is 27.25%. On the 9-day MACD Oscillator, the stock is at -0.30, and the 14-day reading is at -0.49.
Analyst Ratings
VIZIO Holding Corp. (NYSE: VZIO) was downgraded by BofA Securities to a an Underperform rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned VIZIO Holding Corp. (VZIO) an Overweight rating. VZIO is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is VZIO’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.00 and $16.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for VIZIO Holding Corp. (VZIO) is $11.50.
