VIZIO Holding Corp (VZIO) Shares Up Despite Recent Market Volatility

The stock of VIZIO Holding Corp (NYSE: VZIO) has increased by 0.23 when compared to last closing price of 10.90.Despite this, the company has seen a loss of -0.50% in its stock price over the last five trading days. PYMNTS reported 2024-03-29 that Walmart expects to refile forms about its planned acquisition of smart television maker Vizio Friday (March 29).

Is It Worth Investing in VIZIO Holding Corp (NYSE: VZIO) Right Now?

VIZIO Holding Corp (NYSE: VZIO) has a price-to-earnings ratio of 77.59x that is above its average ratio. Additionally, the 36-month beta value for VZIO is 2.12. 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.”

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The public float for VZIO is 75.63M and currently, short sellers hold a 17.57% ratio of that float. The average trading volume of VZIO on April 03, 2024 was 2.79M shares.

VZIO’s Market Performance

VZIO stock saw a decrease of -0.50% in the past week, with a monthly decline of -0.23% and a quarterly a decrease of 43.56%. The volatility ratio for the week is 1.00%, and the volatility levels for the last 30 days are 1.00% for VIZIO Holding Corp (VZIO). The simple moving average for the past 20 days is -0.88% for VZIO’s stock, with a 50.15% simple moving average for the past 200 days.

Analysts’ Opinion of VZIO

Many brokerage firms have already submitted their reports for VZIO stocks, with B. Riley Securities repeating the rating for VZIO by listing it as a “Buy.” The predicted price for VZIO in the upcoming period, according to B. Riley Securities is $11 based on the research report published on December 13, 2023 of the previous year 2023.

BofA Securities, on the other hand, stated in their research note that they expect to see VZIO reach a price target of $6, previously predicting the price at $11. The rating they have provided for VZIO stocks is “Underperform” according to the report published on August 24th, 2023.

Morgan Stanley gave a rating of “Equal-Weight” to VZIO, setting the target price at $13 in the report published on December 01st of the previous year.

VZIO Trading at 12.61% from the 50-Day Moving Average

After a stumble in the market that brought VZIO to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.15% of loss for the given period.

Volatility was left at 1.00%, however, over the last 30 days, the volatility rate increased by 1.00%, as shares sank -1.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.53% upper at present.

During the last 5 trading sessions, VZIO fell by -0.77%, which changed the moving average for the period of 200-days by +49.45% in comparison to the 20-day moving average, which settled at $11.02. In addition, VIZIO Holding Corp saw 41.88% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at VZIO starting from Russell David Eugene, who sale 100,000 shares at the price of $11.03 back on Mar 01 ’24. After this action, Russell David Eugene now owns 2,436,542 shares of VIZIO Holding Corp, valued at $1,103,000 using the latest closing price.

Russell David Eugene, the Director of VIZIO Holding Corp, sale 300,000 shares at $9.91 during a trade that took place back on Feb 13 ’24, which means that Russell David Eugene is holding 2,536,542 shares at $2,973,103 based on the most recent closing price.

Stock Fundamentals for VZIO

Current profitability levels for the company are sitting at:

  • 0.01 for the present operating margin
  • 0.21 for the gross margin

The net margin for VIZIO Holding Corp stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 6.85, with 2.99 for asset returns.

Based on VIZIO Holding Corp (VZIO), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23.

Currently, EBITDA for the company is 32.2 million with net debt to EBITDA at -6.62. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 4.31for trailing twelve months and the total asset turnover is 1.74. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.

Conclusion

In conclusion, VIZIO Holding Corp (VZIO) has seen mixed 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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