The stock of Viavi Solutions Inc (NASDAQ: VIAV) has decreased by -3.84 when compared to last closing price of 8.86. Despite this, the company has experienced a -5.65% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Viavi (VIAV), in collaboration with Northeastern University, unveils a 6G city-scale digital twin and AI-Native Air Interface to expedite the development of the next generation of communication technology.
Is It Worth Investing in Viavi Solutions Inc (NASDAQ: VIAV) Right Now?
The price-to-earnings ratio for Viavi Solutions Inc (NASDAQ: VIAV) is 380.36x, which is above its average ratio. Moreover, the 36-month beta value for VIAV is 0.95. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for VIAV is 219.39M and currently, short sellers hold a 2.34% of that float. On April 11, 2024, VIAV’s average trading volume was 2.27M shares.
VIAV’s Market Performance
VIAV’s stock has seen a -5.65% decrease for the week, with a -20.22% drop in the past month and a -15.14% fall in the past quarter. The volatility ratio for the week is 2.49%, and the volatility levels for the past 30 days are at 3.03% for Viavi Solutions Inc The simple moving average for the past 20 days is -9.90% for VIAV’s stock, with a -10.86% simple moving average for the past 200 days.
Analysts’ Opinion of VIAV
Many brokerage firms have already submitted their reports for VIAV stocks, with Stifel repeating the rating for VIAV by listing it as a “Buy.” The predicted price for VIAV in the upcoming period, according to Stifel is $13 based on the research report published on February 12, 2024 of the current year 2024.
Stifel, on the other hand, stated in their research note that they expect to see VIAV reach a price target of $12. The rating they have provided for VIAV stocks is “Hold” according to the report published on December 02nd, 2022.
B. Riley Securities gave a rating of “Neutral” to VIAV, setting the target price at $14.50 in the report published on November 04th of the previous year.
VIAV Trading at -11.41% 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 -26.84% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.49%, as shares sank -20.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.71% lower at present.
During the last 5 trading sessions, VIAV fell by -5.65%, which changed the moving average for the period of 200-days by -18.08% in comparison to the 20-day moving average, which settled at $9.35. In addition, Viavi Solutions Inc saw -15.39% 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 VIAV starting from McNab Paul, who sale 15,004 shares at the price of $10.62 back on Mar 12 ’24. After this action, McNab Paul now owns 57,940 shares of Viavi Solutions Inc, valued at $159,342 using the latest closing price.
Siebert Kevin Christopher, the SVP Gen. Counsel & Secretary of Viavi Solutions Inc, sale 13,967 shares at $10.70 during a trade that took place back on Mar 11 ’24, which means that Siebert Kevin Christopher is holding 47,097 shares at $149,447 based on the most recent closing price.
Stock Fundamentals for VIAV
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.57 for the gross margin
The net margin for Viavi Solutions Inc stands at 0.0. The total capital return value is set at 0.04. Equity return is now at value 0.71, with 0.27 for asset returns.
Based on Viavi Solutions Inc (VIAV), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.07. The interest coverage ratio of the stock is 1.92.
Currently, EBITDA for the company is 108.6 million with net debt to EBITDA at 2.48. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 4.21for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.09.
Conclusion
To wrap up, the performance of Viavi Solutions Inc (VIAV) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
