The stock of Viavi Solutions Inc. (NASDAQ:VIAV) decreased by -$0.1 on Tuesday to finish at $9.67, down -1.02 percent. The last five days have seen an average of 2,108,080 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$0.84. The average number of shares traded over the last 20 days was 1,566,065, while the average volume over the last 50 days totaled 1,662,612.
VIAV stock dropped -4.64% since last month. On 09/13/23, the company’s shares reached a one-month low of $9.61. The stock touched a high of $15.32 on 02/03/23, after rallying from a low of $8.52 in 52 weeks. The price of VIAV stock has declined by -7.99% or -$0.84 this year, reaching a new high 12 times. Still, the stock price is down -36.88% from the 52-week high.
Insider Transactions
VIAV stock investors should be aware that Viavi Solutions Inc. (VIAV) stock had its last reported insider trading activity 15 days ago on Sep 05. On Sep 05, EVP, Chief Mktg & Stgy Officer McNab Paul sold 5,403 shares at $10.18 each. This transaction resulted in the insider making $55,003. On Aug 30, SCRIVANICH LUKE M sold 15,152 shares at a price of US$10.50. After the transaction, the insider now owns 45,664 shares. SVP Global Operations NSE RONDINONE RALPH had earlier sold 13,279 shares on Aug 30 for $10.50 a share. The transaction was completed for $139,430.
Valuation Metrics
Viavi Solutions Inc. (VIAV) has a trailing price-to-earnings (P/E) ratio of 88.72. Beta for the stock is 0.85. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.95, the price-to-book (PB) ratio of 3.11, and the price-to-cash flow ratio of 34.24.
Financial Health
For the three months ended June 29, Viavi Solutions Inc.’s quick ratio was 2.40, while its current ratio was 2.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.93, and the total debt to equity ratio is 1.07. As far as profitability goes, gross margin for the trailing twelve months is 57.80% percent. Viavi Solutions Inc.’s operating margin stood at 7.40% for the same period. Based on annual data, it had gross profit of $638.8 million and revenue of $1.11 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VIAV’s return on assets (ROA) during the last 12 months has been 1.40%. There was a 3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 3.80%.
Earnings Surprise
According to Viavi Solutions Inc.’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 $258.0 million, while revenues fell by -29.61% to $247.0 million. It was predicted that Viavi Solutions Inc.’s quarterly earnings would be $0.1, but it ended up being $0.08, beating the consensus by 25.00%. EBITDA was $31.6 million for the quarter. At the end of Viavi Solutions Inc.’s most recent quarter ended June 29, its liabilities totaled 1.16 billion, while its total debt was $781.2 million. Equity owned by shareholders amounts to $221.5 million.
Technical Picture
Here’s a quick look at Viavi Solutions Inc.’s (VIAV) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 32.33%, suggesting the stock is Neutral, with a 17.23% historical volatility rate.
The stochastic %K and %D were 14.60% and 19.68% respectively, while the average true range (ATR) was 0.23. Based on the 14-day stochastic reading of 5.71%, the RSI (14) reading is 35.01%. On the 9-day MACD Oscillator, the stock is at -0.05, and the 14-day reading is at -0.24.
Analyst Ratings
In its analyst report released on December 02, 2022, Stifel began covering Viavi Solutions Inc. (NASDAQ: VIAV). The stock was rated as a Hold by the brokerage firm. Analysts have assigned Viavi Solutions Inc. (VIAV) an Overweight rating. VIAV is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 4 others recommend it as a buy.
What is VIAV’s price target for the next 12 months?
The current consensus forecast for the stock is between $10.00 and $14.00, with a median target price of $12.00. In analyzing these forecasts, the average price target given by analysts for Viavi Solutions Inc. (VIAV) is $12.10.
