Verisign Inc. (NASDAQ: VRSN) has seen a rise in its stock price by 0.78 in relation to its previous close of 188.31. However, the company has experienced a 1.47% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-02 that The latest trading day saw VeriSign (VRSN) settling at $191.42, representing a +1.1% change from its previous close.
Is It Worth Investing in Verisign Inc. (NASDAQ: VRSN) Right Now?
Verisign Inc. (NASDAQ: VRSN) has a price-to-earnings ratio that is above its average at 23.98x. The stock has a 36-month beta value of 0.86. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 1 as “sell.”
The public float for VRSN is 99.94M, and at present, short sellers hold a 1.75% of that float. On April 12, 2024, the average trading volume of VRSN was 579.45K shares.
VRSN’s Market Performance
VRSN’s stock has seen a 1.47% increase for the week, with a -1.15% drop in the past month and a -6.71% fall in the past quarter. The volatility ratio for the week is 1.23%, and the volatility levels for the past 30 days are at 1.38% for Verisign Inc. The simple moving average for the past 20 days is 0.24% for VRSN’s stock, with a -6.99% simple moving average for the past 200 days.
Analysts’ Opinion of VRSN
Many brokerage firms have already submitted their reports for VRSN stocks, with Robert W. Baird repeating the rating for VRSN by listing it as a “Neutral.” The predicted price for VRSN in the upcoming period, according to Robert W. Baird is $245 based on the research report published on July 11, 2023 of the previous year 2023.
Robert W. Baird, on the other hand, stated in their research note that they expect to see VRSN reach a price target of $265, previously predicting the price at $216. The rating they have provided for VRSN stocks is “Outperform” according to the report published on December 15th, 2022.
Citigroup gave a rating of “Buy” to VRSN, setting the target price at $243 in the report published on December 13th of the previous year.
VRSN Trading at -1.69% from the 50-Day Moving Average
After a stumble in the market that brought VRSN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.39% of loss for the given period.
Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares sank -0.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.96% lower at present.
During the last 5 trading sessions, VRSN rose by +1.47%, which changed the moving average for the period of 200-days by -13.52% in comparison to the 20-day moving average, which settled at $189.26. In addition, Verisign Inc. saw -7.86% 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 VRSN starting from Indelicarto Thomas C, who sale 614 shares at the price of $190.00 back on Apr 02 ’24. After this action, Indelicarto Thomas C now owns 42,569 shares of Verisign Inc., valued at $116,660 using the latest closing price.
Indelicarto Thomas C, the EVP, Gen Counsel & Secretary of Verisign Inc., sale 613 shares at $192.37 during a trade that took place back on Mar 12 ’24, which means that Indelicarto Thomas C is holding 43,183 shares at $117,923 based on the most recent closing price.
Stock Fundamentals for VRSN
Current profitability levels for the company are sitting at:
- 0.67 for the present operating margin
- 0.87 for the gross margin
The net margin for Verisign Inc. stands at 0.55. The total capital return value is set at 1.79.
Based on Verisign Inc. (VRSN), the company’s capital structure generated 8.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.48. The debt to equity ratio resting at -1.14. The interest coverage ratio of the stock is 13.29.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 1.44. When we switch over and look at the enterprise to sales, we see a ratio of 13.87. The receivables turnover for the company is 109.79for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To sum up, Verisign Inc. (VRSN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
