Viasat, Inc (NASDAQ:VSAT) price on current trading day, fall -7.54% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.32.
A look at the stock’s price movement, the level at last check in today’s session was $10.08. Turning to its 52-week performance, $26.70 and $6.69 were the 52-week high and 52-week low respectively. Overall, VSAT moved 7.50% over the past month.
Viasat, Inc’s market cap currently stands at around $1.20 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 1.13B for the company’s revenue for the quarter, with a low and high estimate of 1.1B and 1.16B respectively. The average forecast suggests up to a 0.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.64B, representing a 2.69% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VSAT is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 2 recommend VSAT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VSAT’s current price about -5.52% and -2.82% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.63, while 7-day volatility ratio is 2.36% and 3.33% in the 30-day chart. Further, Viasat, Inc (VSAT) has a beta value of 1.04, and an average true range (ATR) of 0.70. Analysts have given the company’s stock an average 52-week price target of $15, forecast between a low of $15 and high of $15. Looking at the price targets, the low is -60.94% off recent price level in today’s trading while to achieve the yearly target high, it has to move -60.94%. Nonetheless, investors will most likely welcome a -60.94% jump to $15 which is the analysts’ median price.
If we refocus on Viasat, Inc (NASDAQ:VSAT), historical trading data shows that trading volumes averaged 2.63 million over the past 3 months. The company’s latest data on shares outstanding shows there are 129.12 million shares.
The 13.32% of Viasat, Inc’s shares are in the hands of company insiders while institutional holders own 95.91% of the company’s shares. Current price change has pushed the stock 9.52% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VSAT stock continues to rise going into the next quarter.