The stock of Vivid Seats Inc (SEAT) has gone down by -11.88% for the week, with a -9.42% drop in the past month and a -9.58% drop in the past quarter. The volatility ratio for the week is 4.33%, and the volatility levels for the past 30 days are 3.40% for SEAT. The simple moving average for the past 20 days is -9.49% for SEAT’s stock, with a -20.72% simple moving average for the past 200 days.
Is It Worth Investing in Vivid Seats Inc (NASDAQ: SEAT) Right Now?
The price-to-earnings ratio for Vivid Seats Inc (NASDAQ: SEAT) is 43.32x, which is above its average ratio. Moreover, the 36-month beta value for SEAT is 1.30. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SEAT is 72.98M and currently, short sellers hold a 13.22% of that float. On May 02, 2024, SEAT’s average trading volume was 1.61M shares.
SEAT) stock’s latest price update
The stock of Vivid Seats Inc (NASDAQ: SEAT) has decreased by -1.33 when compared to last closing price of 5.26. Despite this, the company has experienced a -11.88% fall in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-26 that CHICAGO, April 26, 2024 (GLOBE NEWSWIRE) — Vivid Seats Inc. (NASDAQ:SEAT) (“Vivid Seats”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, will report financial results for the first quarter 2024 on Tuesday, May 7, 2024, before the U.S. stock market opens. Management will discuss the results on a webcast at 8:30 a.m. ET.
Analysts’ Opinion of SEAT
Many brokerage firms have already submitted their reports for SEAT stocks, with Maxim Group repeating the rating for SEAT by listing it as a “Buy.” The predicted price for SEAT in the upcoming period, according to Maxim Group is $7 based on the research report published on April 17, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see SEAT reach a price target of $10. The rating they have provided for SEAT stocks is “Buy” according to the report published on February 09th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to SEAT, setting the target price at $9.50 in the report published on August 01st of the previous year.
SEAT Trading at -10.02% from the 50-Day Moving Average
After a stumble in the market that brought SEAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -47.52% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares sank -9.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.36% lower at present.
During the last 5 trading sessions, SEAT fell by -11.88%, which changed the moving average for the period of 200-days by -38.21% in comparison to the 20-day moving average, which settled at $5.71. In addition, Vivid Seats Inc saw -17.88% 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 SEAT starting from Bakal Riva, who sale 1,136 shares at the price of $5.90 back on Apr 22 ’24. After this action, Bakal Riva now owns 97,670 shares of Vivid Seats Inc, valued at $6,702 using the latest closing price.
Pickus Edward, the Chief Accounting Officer of Vivid Seats Inc, sale 537 shares at $5.90 during a trade that took place back on Apr 22 ’24, which means that Pickus Edward is holding 35,434 shares at $3,168 based on the most recent closing price.
Stock Fundamentals for SEAT
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.73 for the gross margin
The net margin for Vivid Seats Inc stands at 0.13. The total capital return value is set at 0.08.
Based on Vivid Seats Inc (SEAT), the company’s capital structure generated 0.72 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 2.56. The interest coverage ratio of the stock is 6.02.
Currently, EBITDA for the company is 97.52 million with net debt to EBITDA at 1.56. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 12.19for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
To wrap up, the performance of Vivid Seats Inc (SEAT) 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.
