As of Friday close, Viavi Solutions Inc.’s (NASDAQ:VIAV) stock was down -$0.03, moving down -0.32 percent to $9.22. The average number of shares traded per day over the past five days has been 2,357,580 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.63 fall in that time frame. In the last twenty days, the average volume was 1,811,580, while in the previous 50 days, it was 1,764,800.
Since last month, VIAV stock retreated -12.02%. Shares of the company fell to $9.11 on 09/22/23, the lowest level in the past month. A 52-week high of $15.32 was reached on 02/03/23 after having rallying from a 52-week low of $8.52. Since the beginning of this year, VIAV’s stock price has dropped by -12.27% or -$1.29, and marked a new high 12 times. However, the stock has declined by -39.82% since its 52-week high.
VIAV stock investors should be aware that Viavi Solutions Inc. (VIAV) stock had its last reported insider trading activity 18 days ago on Sep 05. McNab Paul, the EVP, Chief Mktg & Stgy Officer of the company, disposed of 5,403 shares for $10.18 on Sep 05. It resulted in a $55,003 divestment by the insider. SCRIVANICH LUKE M sold 15,152 shares at an average price of $10.50 on Aug 30. The insider now owns 45,664 shares following the transaction. On Aug 30, SVP Global Operations NSE RONDINONE RALPH sold 13,279 shares at $10.50 apiece. The transaction was valued at $139,430.
Valuation Metrics
Right now, Viavi Solutions Inc. (VIAV) has a P/E ratio of about 84.59. The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 1.86, the price-to-book (PB) ratio of 2.96, and the price-to-cash flow ratio of 32.65 may also be considered.
Financial Health
In the three months ended June 29, Viavi Solutions Inc.’s quick ratio stood at 2.40, while its current ratio was 2.80, 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 0.93, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 57.80% percent. In the year ended June 29, operating margins totaled 7.40%. Based on annual data, VIAV earned $638.8 million in gross profit and brought in $1.11 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 3.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. VIAV’s revenue fell -29.61% to $247.0 million during the quarter, while net income inched up to $258.0 million. While analysts expected Viavi Solutions Inc. to report $0.08 quarterly earnings, the actual figure was $0.1 per share, beating the consensus estimate by 25.00%. During the quarter, the company generated $31.6 million in EBITDA. The liabilities of Viavi Solutions Inc. were 1.16 billion at the end of its most recent quarter ended June 29, and its total debt was $781.2 million. The value of shareholders’ equity is $221.5 million.
Technical Picture
This quick technical analysis looks at Viavi Solutions Inc.’s (VIAV) price momentum. With a historical volatility rate of 18.93%, the RSI 9-day stood at 21.03% on 22 September.
With respect to its five-day moving average, the current Viavi Solutions Inc. price is down by -6.40% percent or -$0.63. At present, VIAV shares trade -10.22% below its 20-day simple moving average and +2.56% percent above its 100-day simple moving average. However, the stock is currently trading approximately -19.62% below its SMA50 and -15.26% below its SMA200.
Stochastic coefficient K was 4.36% and Stochastic coefficient D was 5.02%, while ATR was 0.25. Given the Stochastic reading of 8.53% for the 14-day period, the RSI (14) reading has been calculated as 26.74%. As of today, the MACD Oscillator reading stands at -0.30, while the 14-day reading stands at -0.42.
Analyst Ratings
Stifel launched its rating on Viavi Solutions Inc. (NASDAQ: VIAV) to a Hold in a note to investors on December 02, 2022. Viavi Solutions Inc. (VIAV) has been rated Overweight by analysts. According to 0 brokerage firms, VIAV 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 Viavi Solutions Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $14.00. Based on these forecasts, analysts predict Viavi Solutions Inc. (VIAV) will achieve an average price target of $12.10.
