The stock of Viant Technology Inc (NASDAQ: DSP) has decreased by -7.51 when compared to last closing price of 8.79.Despite this, the company has seen a loss of -5.02% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-30 that Viant Technology Inc. (NASDAQ:DSP ) Q1 2024 Earnings Conference Call April 30, 2024 5:00 PM ET Company Participants Nicole Kunzman – The Blueshirt Group Tim Vanderhook – Co-Founder and CEO Chris Vanderhook – Co-Founder and COO Larry Madden – CFO Conference Call Participants Matt Condon – Citizens JMP Andrew Marok – Raymond James Maria Ripps – Canaccord Genuity Jason Kreyer – Craig-Hallum Chris Kuntarich – UBS Operator Well, hello, everyone, and welcome to Viant Technology’s First Quarter 2024 Earnings Conference Call. My name is Kelsey and I will be your operator today.
Is It Worth Investing in Viant Technology Inc (NASDAQ: DSP) Right Now?
Moreover, the 36-month beta value for DSP is 0.69. 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 DSP is 13.96M and currently, short sellers hold a 4.23% of that float. On May 02, 2024, DSP’s average trading volume was 147.00K shares.
DSP’s Market Performance
The stock of Viant Technology Inc (DSP) has seen a -5.02% decrease in the past week, with a -21.83% drop in the past month, and a -5.13% fall in the past quarter. The volatility ratio for the week is 8.15%, and the volatility levels for the past 30 days are at 5.98% for DSP. The simple moving average for the past 20 days is -12.45% for DSP’s stock, with a 14.49% simple moving average for the past 200 days.
Analysts’ Opinion of DSP
Many brokerage firms have already submitted their reports for DSP stocks, with Needham repeating the rating for DSP by listing it as a “Buy.” The predicted price for DSP in the upcoming period, according to Needham is $12 based on the research report published on March 05, 2024 of the current year 2024.
Craig Hallum, on the other hand, stated in their research note that they expect to see DSP reach a price target of $7. The rating they have provided for DSP stocks is “Buy” according to the report published on October 18th, 2022.
UBS gave a rating of “Neutral” to DSP, setting the target price at $11 in the report published on December 02nd of the previous year.
DSP Trading at -14.75% from the 50-Day Moving Average
After a stumble in the market that brought DSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.09% of loss for the given period.
Volatility was left at 5.98%, however, over the last 30 days, the volatility rate increased by 8.15%, as shares sank -26.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.61% lower at present.
During the last 5 trading sessions, DSP fell by -5.02%, which changed the moving average for the period of 200-days by +69.73% in comparison to the 20-day moving average, which settled at $9.14. In addition, Viant Technology Inc saw 18.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at DSP starting from VALDES MAX O, who sale 5,147 shares at the price of $4.45 back on Jun 14 ’23. After this action, VALDES MAX O now owns 69,913 shares of Viant Technology Inc, valued at $22,904 using the latest closing price.
VALDES MAX O, the Director of Viant Technology Inc, sale 5,147 shares at $4.30 during a trade that took place back on Jun 13 ’23, which means that VALDES MAX O is holding 75,060 shares at $22,132 based on the most recent closing price.
Stock Fundamentals for DSP
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.46 for the gross margin
The net margin for Viant Technology Inc stands at -0.02. The total capital return value is set at -0.04. Equity return is now at value -5.40, with -0.88 for asset returns.
Based on Viant Technology Inc (DSP), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 1.54. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 1.9.
Currently, EBITDA for the company is -3.56 million with net debt to EBITDA at 70.68. When we switch over and look at the enterprise to sales, we see a ratio of -0.21. The receivables turnover for the company is 2.07for trailing twelve months and the total asset turnover is 0.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.13.
Conclusion
To wrap up, the performance of Viant Technology Inc (DSP) has been mixed 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.
