The stock price of Viavi Solutions Inc (NASDAQ: VIAV) has plunged by -1.08 when compared to previous closing price of 8.37, but the company has seen a -0.48% decline in its stock price over the last five trading sessions. zacks.com reported 2024-09-18 that Viavi is set to showcase a new optical connector inspection solution, along with other optical and Ethernet testing solutions, at ECOC 2024 in Germany.
Is It Worth Investing in Viavi Solutions Inc (NASDAQ: VIAV) Right Now?
The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for VIAV is 218.70M, and at present, short sellers hold a 2.05% of that float. On September 19, 2024, the average trading volume of VIAV was 1.70M shares.
VIAV’s Market Performance
VIAV’s stock has seen a -0.48% decrease for the week, with a 4.15% rise in the past month and a 9.96% gain in the past quarter. The volatility ratio for the week is 2.80%, and the volatility levels for the past 30 days are at 3.06% for Viavi Solutions Inc The simple moving average for the past 20 days is -0.04% for VIAV’s stock, with a -3.28% simple moving average for the past 200 days.
Analysts’ Opinion of VIAV
Many brokerage firms have already submitted their reports for VIAV stocks, with Rosenblatt repeating the rating for VIAV by listing it as a “Neutral.” The predicted price for VIAV in the upcoming period, according to Rosenblatt is $8.25 based on the research report published on June 26, 2024 of the current year 2024.
Susquehanna, on the other hand, stated in their research note that they expect to see VIAV reach a price target of $9. The rating they have provided for VIAV stocks is “Neutral” according to the report published on May 03rd, 2024.
Stifel gave a rating of “Buy” to VIAV, setting the target price at $13 in the report published on February 12th of the current year.
VIAV Trading at 4.92% from the 50-Day Moving Average
After a stumble in the market that brought VIAV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.86% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.80%, as shares surge +4.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.28% upper at present.
During the last 5 trading sessions, VIAV fell by -0.48%, which changed the moving average for the period of 200-days by +2.48% in comparison to the 20-day moving average, which settled at $8.30. In addition, Viavi Solutions Inc saw -17.78% 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 VIAV starting from MASOOD JABBAR, who proposed sale 15,000 shares at the price of $8.20 back on Sep 16 ’24. After this action, MASOOD JABBAR now owns shares of Viavi Solutions Inc, valued at $123,050 using the latest closing price.
JABBAR MASOOD, the Director of Viavi Solutions Inc, sale 15,000 shares at $8.20 during a trade that took place back on Sep 16 ’24, which means that JABBAR MASOOD is holding 228,514 shares at $123,000 based on the most recent closing price.
Stock Fundamentals for VIAV
Current profitability levels for the company are sitting at:
- 0.03 for the present operating margin
- 0.57 for the gross margin
The net margin for Viavi Solutions Inc stands at -0.03. The total capital return value is set at 0.02. Equity return is now at value -3.76, with -1.44 for asset returns.
Based on Viavi Solutions Inc (VIAV), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 1.2.
Currently, EBITDA for the company is 102.6 million with net debt to EBITDA at 2.28. When we switch over and look at the enterprise to sales, we see a ratio of 2.05. The receivables turnover for the company is 4.08for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.
Conclusion
To sum up, Viavi Solutions Inc (VIAV) has seen a mixed 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.
