Vivid Seats Inc (SEAT) vs. Its Peers: A Comparison

Vivid Seats Inc (NASDAQ: SEAT) has a price-to-earnings ratio of 47.83x that is above its average ratio. Additionally, the 36-month beta value for SEAT is 1.27. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for SEAT is 73.42M and currently, short sellers hold a 8.04% ratio of that float. The average trading volume of SEAT on April 03, 2024 was 1.66M shares.

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SEAT) stock’s latest price update

Vivid Seats Inc (NASDAQ: SEAT)’s stock price has dropped by -4.82 in relation to previous closing price of 6.02. Nevertheless, the company has seen a gain of 3.06% in its stock price over the last five trading days. GlobeNewsWire reported 2024-02-27 that CHICAGO, Feb. 27, 2024 (GLOBE NEWSWIRE) — Vivid Seats Inc. (NASDAQ:SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, will report financial results for the fourth quarter and full year 2023 on Tuesday, March 5, 2024, before the U.S. stock market opens. Management will discuss the results on a webcast at 8:30 a.m. ET.

SEAT’s Market Performance

SEAT’s stock has risen by 3.06% in the past week, with a monthly drop of -6.22% and a quarterly drop of -9.34%. The volatility ratio for the week is 3.15% while the volatility levels for the last 30 days are 4.28% for Vivid Seats Inc The simple moving average for the last 20 days is 0.98% for SEAT’s stock, with a simple moving average of -15.23% for the last 200 days.

Analysts’ Opinion of SEAT

Many brokerage firms have already submitted their reports for SEAT stocks, with Craig Hallum repeating the rating for SEAT by listing it as a “Buy.” The predicted price for SEAT in the upcoming period, according to Craig Hallum is $10 based on the research report published on February 09, 2024 of the current year 2024.

Morgan Stanley, on the other hand, stated in their research note that they expect to see SEAT reach a price target of $9.50. The rating they have provided for SEAT stocks is “Equal-Weight” according to the report published on August 01st, 2023.

BofA Securities gave a rating of “Buy” to SEAT, setting the target price at $10 in the report published on July 24th of the previous year.

SEAT Trading at -1.50% from the 50-Day Moving Average

After a stumble in the market that brought SEAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.06% of loss for the given period.

Volatility was left at 4.28%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares sank -4.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading unchanged at present.

During the last 5 trading sessions, SEAT rose by +3.06%, which changed the moving average for the period of 200-days by -28.20% in comparison to the 20-day moving average, which settled at $5.66. In addition, Vivid Seats Inc saw -9.34% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SEAT starting from Wagner Jonathan Miles, who sale 29,588 shares at the price of $5.71 back on Mar 12 ’24. After this action, Wagner Jonathan Miles now owns 139,925 shares of Vivid Seats Inc, valued at $168,947 using the latest closing price.

Bakal Riva, the Chief Strategy Officer of Vivid Seats Inc, sale 2,051 shares at $5.71 during a trade that took place back on Mar 12 ’24, which means that Bakal Riva is holding 94,955 shares at $11,711 based on the most recent closing price.

Stock Fundamentals for SEAT

Current profitability levels for the company are sitting at:

  • 0.11 for the present operating margin
  • 0.73 for the gross margin

The net margin for Vivid Seats Inc stands at 0.13. The total capital return value is set at 0.08.

Based on Vivid Seats Inc (SEAT), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 2.56. The interest coverage ratio of the stock is 6.02.

Currently, EBITDA for the company is 97.52 million with net debt to EBITDA at 1.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.9. The receivables turnover for the company is 12.19for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.

Conclusion

In conclusion, Vivid Seats Inc (SEAT) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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