Viasat, Inc. (VSAT) Shares Rise Despite Market Challenges

The stock of Viasat, Inc. (NASDAQ: VSAT) has increased by 1.85 when compared to last closing price of 16.20. Despite this, the company has experienced a -4.13% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-15 that The adoption of Viasat’s (VSAT) IFC solution is gaining momentum worldwide, driven by its capacity to meet demand effectively.

Is It Worth Investing in Viasat, Inc. (NASDAQ: VSAT) Right Now?

The 36-month beta value for VSAT is at 1.31. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 2 as “sell.”

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The public float for VSAT is 97.95M, and currently, shorts hold a 9.78% of that float. The average trading volume for VSAT on April 04, 2024 was 1.12M shares.

VSAT’s Market Performance

VSAT’s stock has seen a -4.13% decrease for the week, with a -10.37% drop in the past month and a -41.16% fall in the past quarter. The volatility ratio for the week is 4.47%, and the volatility levels for the past 30 days are at 5.27% for Viasat, Inc. The simple moving average for the last 20 days is -7.25% for VSAT stock, with a simple moving average of -32.30% for the last 200 days.

Analysts’ Opinion of VSAT

Many brokerage firms have already submitted their reports for VSAT stocks, with JP Morgan repeating the rating for VSAT by listing it as a “Overweight.” The predicted price for VSAT in the upcoming period, according to JP Morgan is $30 based on the research report published on October 17, 2023 of the previous year 2023.

Deutsche Bank, on the other hand, stated in their research note that they expect to see VSAT reach a price target of $22. The rating they have provided for VSAT stocks is “Hold” according to the report published on October 17th, 2023.

JP Morgan gave a rating of “Neutral” to VSAT, setting the target price at $35 in the report published on August 16th of the previous year.

VSAT Trading at -16.13% from the 50-Day Moving Average

After a stumble in the market that brought VSAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.15% of loss for the given period.

Volatility was left at 5.27%, however, over the last 30 days, the volatility rate increased by 4.47%, as shares sank -12.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.66% lower at present.

During the last 5 trading sessions, VSAT fell by -4.13%, which changed the moving average for the period of 200-days by -59.47% in comparison to the 20-day moving average, which settled at $17.67. In addition, Viasat, Inc. saw -40.97% 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 VSAT starting from Miller Craig Andrew, who sale 150 shares at the price of $26.83 back on Jan 05 ’24. After this action, Miller Craig Andrew now owns 13,248 shares of Viasat, Inc., valued at $4,024 using the latest closing price.

Miller Craig Andrew, the Pres. Global Space Networks of Viasat, Inc., sale 150 shares at $22.53 during a trade that took place back on Dec 06 ’23, which means that Miller Craig Andrew is holding 13,398 shares at $3,380 based on the most recent closing price.

Stock Fundamentals for VSAT

Current profitability levels for the company are sitting at:

  • -0.25 for the present operating margin
  • 0.32 for the gross margin

The net margin for Viasat, Inc. stands at -0.27. The total capital return value is set at -0.06. Equity return is now at value -26.79, with -8.78 for asset returns.

Based on Viasat, Inc. (VSAT), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.52. The interest coverage ratio of the stock is 0.83.

Currently, EBITDA for the company is -126.14 million with net debt to EBITDA at -12.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.16. The receivables turnover for the company is 2.63for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.71.

Conclusion

In conclusion, Viasat, Inc. (VSAT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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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