The stock of Viasat Inc. (NASDAQ:VSAT) increased by $0.53 on Tuesday to finish at $24.64, up 2.20 percent. The last five days have seen an average of 2,388,360 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$7.01. The average number of shares traded over the last 20 days was 1,472,470, while the average volume over the last 50 days totaled 1,498,096.
VSAT stock dropped -13.82% since last month. On 09/13/23, the company’s shares reached a one-month low of $22.76. The stock touched a high of $47.35 on 06/02/23, after rallying from a low of $22.76 in 52 weeks. The price of VSAT stock has declined by -22.15% or -$7.01 this year, reaching a new high 12 times. Still, the stock price is down -47.96% from the 52-week high.
Insider Transactions
VSAT stock investors should be aware that Viasat Inc. (VSAT) stock had its last reported insider trading activity 14 days ago on Sep 06. On Sep 06, Pres. Government Systems Miller Craig Andrew sold 172 shares at $26.09 each. This transaction resulted in the insider making $4,487. On Aug 21, BALDRIDGE RICHARD A sold 3,492 shares at a price of US$27.55. After the transaction, the insider now owns 0 shares. President, Global Mobile Dodd James Michael had earlier sold 5,000 shares on Aug 15 for $31.31 a share. The transaction was completed for $156,550.
Valuation Metrics
Beta for the stock is 1.22. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.12, the price-to-book (PB) ratio of 0.39.
Financial Health
For the three months ended June 29, Viasat Inc.’s quick ratio was 2.10, while its current ratio was 2.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.22, and the total debt to equity ratio is 1.23. As far as profitability goes, gross margin for the trailing twelve months is 28.90% percent. Based on annual data, it had gross profit of $721.4 million and revenue of $2.56 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -3.30% return on investment (ROI) in the past year.
Earnings Surprise
According to Viasat 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 $779.79 million, while revenues rose by 13.03% to $569.81 million. It was predicted that Viasat Inc.’s quarterly earnings would be -$0.83, but it ended up being -$0.35, beating the consensus by -137.10%. EBITDA was $133.06 million for the quarter. At the end of Viasat Inc.’s most recent quarter ended June 29, its liabilities totaled 11.92 billion, while its total debt was $7.76 billion. Equity owned by shareholders amounts to $124.06 million.
Technical Picture
Here’s a quick look at Viasat Inc.’s (VSAT) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 44.06%, suggesting the stock is Neutral, with a 43.72% historical volatility rate.
The stochastic %K and %D were 23.64% and 19.75% respectively, while the average true range (ATR) was 1.12. Based on the 14-day stochastic reading of 30.37%, the RSI (14) reading is 40.38%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at -0.82.
Analyst Ratings
Analysts have assigned Viasat Inc. (VSAT) an Overweight rating. VSAT 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 3 others recommend it as a buy.
What is VSAT’s price target for the next 12 months?
The current consensus forecast for the stock is between $33.00 and $66.00, with a median target price of $45.00. In analyzing these forecasts, the average price target given by analysts for Viasat Inc. (VSAT) is $46.67.
