VIZIO Holding Corp (NYSE:VZIO) shares, rose in value, with the stock price down by -0.27% to the previous day’s close as strong demand from buyers drove the stock to $10.88.
Actively observing the price movement in the last trading, the stock closed the session at $10.91. The value of beta (5-year monthly) was 2.14 whereas the PE ratio was 77.27 over 12-month period. Referring to stock’s 52-week performance, its high was $11.28, and the low was $4.82. On the whole, VZIO has fluctuated by -1.18% over the past month.
With the market capitalization of VIZIO Holding Corp currently standing at about $2.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 07, 2024 – May 13, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.01, which is expected to increase to $0.1 for fiscal year $0.24 and then to about $0.42 by fiscal year 2025. Data indicates that the EPS growth is expected to be 71.40% in 2025, while the next year’s EPS growth is forecast to be 75.00%.
Analysts have estimated the company’s revenue for the quarter at $381.67 million, with a low estimate of $345.02 million and a high estimate of $397.3 million. According to the average forecast, sales growth in current quarter could jump up 7.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.85 billion, representing an increase of 10.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VZIO’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VZIO currently trading nearly -1.22% and 10.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.71, while the 7-day volatility ratio is showing 0.77% which for the 30-day chart, stands at 0.99%. Furthermore, VIZIO Holding Corp (VZIO)’s beta value is 2.10, and its average true range (ATR) is 0.15.
A comparison of VIZIO Holding Corp (VZIO) with its peers suggests the former has fared considerably weaker in the market. VZIO showed an intraday change of -0.27% in last session, and over the past year, it grew by 21.29%%.
Data on historical trading for VIZIO Holding Corp (NYSE:VZIO) indicates that the trading volumes over the past 10 days have averaged 3.33 million and over the past 3 months, they’ve averaged 2.85 million. According to company’s latest data on outstanding shares, there are 121.50 million shares outstanding.
Nearly 61.79% of VIZIO Holding Corp’s shares belong to company insiders and institutional investors own 24.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.28 million shares as on Mar 15, 2024, resulting in a short ratio of 2.79. According to the data, the short interest in VIZIO Holding Corp (VZIO) stood at 6.71% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.34 million. The stock has risen by 41.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZIO stock heading into the next quarter.
