Vivid Seats Inc (NASDAQ: SEAT) has a higher price-to-earnings ratio of 52.75x compared to its average ratio, The 36-month beta value for SEAT is at 1.30. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SEAT is 70.62M, and currently, shorts hold a 15.75% of that float. The average trading volume for SEAT on July 04, 2024 was 1.25M shares.
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SEAT) stock’s latest price update
Vivid Seats Inc (NASDAQ: SEAT)’s stock price has plunge by 1.32relation to previous closing price of 5.30. Nevertheless, the company has seen a -2.72% plunge in its stock price over the last five trading sessions. youtube.com reported 2024-06-28 that Vivid Seats’ (SEAT) new ticketing tool will help sellers with pricing insights and real-time pricing adjustments, according to BofA. The analyst highlights that the new SkyBox drive tool could be a new source of revenue.
SEAT’s Market Performance
Vivid Seats Inc (SEAT) has seen a -2.72% fall in stock performance for the week, with a 2.87% gain in the past month and a -6.45% plunge in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 3.85% for SEAT. The simple moving average for the past 20 days is 0.55% for SEAT’s stock, with a -11.40% simple moving average for the past 200 days.
Analysts’ Opinion of SEAT
Many brokerage firms have already submitted their reports for SEAT stocks, with DA Davidson repeating the rating for SEAT by listing it as a “Buy.” The predicted price for SEAT in the upcoming period, according to DA Davidson is $7 based on the research report published on May 30, 2024 of the current year 2024.
Maxim Group, on the other hand, stated in their research note that they expect to see SEAT reach a price target of $7. The rating they have provided for SEAT stocks is “Buy” according to the report published on April 17th, 2024.
Craig Hallum gave a rating of “Buy” to SEAT, setting the target price at $10 in the report published on February 09th of the current year.
SEAT Trading at 0.55% 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 -39.00% of loss for the given period.
Volatility was left at 3.85%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares surge +2.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.14% lower at present.
During the last 5 trading sessions, SEAT fell by -2.72%, which changed the moving average for the period of 200-days by -19.00% in comparison to the 20-day moving average, which settled at $5.35. In addition, Vivid Seats Inc saw -15.03% 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 2,051 shares at the price of $5.42 back on Jun 12 ’24. After this action, Bakal Riva now owns 110,761 shares of Vivid Seats Inc, valued at $11,116 using the latest closing price.
Pickus Edward, the Chief Accounting Officer of Vivid Seats Inc, sale 725 shares at $5.42 during a trade that took place back on Jun 12 ’24, which means that Pickus Edward is holding 39,656 shares at $3,930 based on the most recent closing price.
Stock Fundamentals for SEAT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.73 for the gross margin
The net margin for Vivid Seats Inc stands at 0.1. The total capital return value is set at 0.06.
Based on Vivid Seats Inc (SEAT), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 1.92. The interest coverage ratio of the stock is 4.48.
Currently, EBITDA for the company is 97.52 million with net debt to EBITDA at 1.43. When we switch over and look at the enterprise to sales, we see a ratio of 1.67. The receivables turnover for the company is 10.66for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.57.
Conclusion
In conclusion, Vivid Seats Inc (SEAT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
