Viasat, Inc. (NASDAQ:VSAT) price closed higher on Friday, May 03, jumping 2.50% above its previous close.
A look at the daily price movement shows that the last close reads $16.79. Taking into account the 52-week price action we note that the stock hit a 52-week high of $47.35 and 52-week low of $15.02. The stock added 3.43% on its value in the past month.
Viasat, Inc., which has a market valuation of $2.16 billion. Analysts tracking VSAT have forecast the quarterly EPS to shrink by -0.63 per share this quarter, while the same analysts predict the annual EPS to hit -$8.22 for the year 2024 and up to -$0.58 for 2025. In this case, analysts estimate an annual EPS growth of -157.50% for the year and 92.90% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $1.09 billion, with the likely lows of $994.77 million and highs of $1.13 billion. The average estimate suggests sales growth for the quarter will likely rise by 64.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $4.22 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 65.30% above that which the company brought in 2024.
On the technical perspective front, indicators give VSAT a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that VSAT’s price is at present 5.78% off the SMA20 and -0.89% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.18, with weekly volatility standing at 4.64%. The indicator jumps to 5.38% when calculated based on the past 30 days. Viasat, Inc. (NASDAQ:VSAT)’s beta value is holding at 1.35, while the average true range (ATR) indicator is currently reading 0.91.
An analysis of the Viasat, Inc. (NASDAQ:VSAT) stock in terms of its daily trading volume indicates that the 3-month average is 1.19 million.
Current records show that the company has 125.32M in outstanding shares. The insiders’ percentage holdings are 21.84% of outstanding shares while the percentage share held by institutions stands at 76.61%. But the -38.43% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
