The stock of Verisign Inc. (VRSN) has seen a -7.80% decrease in the past week, with a -10.63% drop in the past month, and a -13.98% decrease in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 1.87% for VRSN. The simple moving average for the past 20 days is -6.94% for VRSN’s stock, with a -15.02% simple moving average for the past 200 days.
Is It Worth Investing in Verisign Inc. (NASDAQ: VRSN) Right Now?
The price-to-earnings ratio for Verisign Inc. (NASDAQ: VRSN) is above average at 21.03x. The 36-month beta value for VRSN is also noteworthy at 0.89. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
The public float for VRSN is 98.65M, and at present, short sellers hold a 1.85% of that float. The average trading volume of VRSN on May 02, 2024 was 681.02K shares.
VRSN) stock’s latest price update
Verisign Inc. (NASDAQ: VRSN)’s stock price has soared by 0.94 in relation to previous closing price of 169.48. Nevertheless, the company has seen a loss of -7.80% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-26 that VeriSign’s (VRSN) first-quarter performance benefits from solid demand for its Internet infrastructure capabilities.
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 -9.24% 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 -25.53% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares sank -9.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.00% lower at present.
During the last 5 trading sessions, VRSN fell by -7.80%, which changed the moving average for the period of 200-days by -20.54% in comparison to the 20-day moving average, which settled at $182.95. In addition, Verisign Inc. saw -16.94% 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 11 ’24. After this action, Indelicarto Thomas C now owns 41,955 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 614 shares at $190.00 during a trade that took place back on Apr 02 ’24, which means that Indelicarto Thomas C is holding 42,569 shares at $116,660 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 1.98.
Based on Verisign Inc. (VRSN), the company’s capital structure generated 11.22 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at -1.1. The interest coverage ratio of the stock is 13.52.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 0.98. When we switch over and look at the enterprise to sales, we see a ratio of 11.97. The receivables turnover for the company is 191.52for trailing twelve months and the total asset turnover is 0.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
In summary, Verisign Inc. (VRSN) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
