Viavi Solutions Inc. (NASDAQ:VIAV) went down by -1.09% from its latest closing price compared to the recent 1-year high of $18.14. The company’s stock price has collected -5.28% of loss in the last five trading sessions.
Is It Worth Investing in Viavi Solutions Inc. (NASDAQ :VIAV) Right Now?
Viavi Solutions Inc. (NASDAQ:VIAV) scored a price-to-earnings ratio above its average ratio, recording 231.19 x from its present earnings ratio. Plus, the 36-month beta value for VIAV is at 0.77. Opinions of the stock are interesting as 4 analysts out of 8 who provided ratings for Viavi Solutions Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $18.18, which is $4.98 above the current price. VIAV currently public float of 223.93M and currently shorts hold a 3.17% ratio of that float. Today, the average trading volume of VIAV was 1.59M shares.
VIAV’s Market Performance
VIAV stocks went down by -5.28% for the week, with a monthly drop of -10.91% and a quarterly performance of 4.28%, while its annual performance rate touched -11.31%. The volatility ratio for the week stands at 2.44% while the volatility levels for the past 30 days are set at 2.73% for Viavi Solutions Inc. The simple moving average for the period of the last 20 days is -4.03% for VIAV stocks with a simple moving average of -10.75% for the last 200 days.
Analysts’ Opinion of VIAV
JP Morgan, on the other hand, stated in their research note that they expect to see VIAV reach a price target of $19. The rating they have provided for VIAV stocks is “Neutral” according to the report published on July 20th, 2021.
Needham gave a rating of “Buy” to VIAV, setting the target price at $19 in the report published on February 03rd of the previous year.
VIAV Trading at -6.09% from the 50-Day Moving Average
After a stumble in the market that brought VIAV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.81% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.44%, as shares sank -9.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.40% upper at present.
During the last 5 trading sessions, VIAV fell by -5.28%, which changed the moving average for the period of 200-days by -12.23% in comparison to the 20-day moving average, which settled at $14.15. In addition, Viavi Solutions Inc. saw -22.59% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at VIAV starting from SCRIVANICH LUKE M, who sale 11,130 shares at the price of $13.81 back on Sep 01. After this action, SCRIVANICH LUKE M now owns 43,995 shares of Viavi Solutions Inc., valued at $153,705 using the latest closing price.
Siebert Kevin Christopher, the SVP Gen. Counsel & Secretary of Viavi Solutions Inc., sale 9,601 shares at $14.19 during a trade that took place back on Aug 31, which means that Siebert Kevin Christopher is holding 50,078 shares at $136,238 based on the most recent closing price.
Stock Fundamentals for VIAV
Equity return is now at value 2.10, with 0.80 for asset returns.