The stock of Viavi Solutions Inc (VIAV) has gone down by 0.00% for the week, with a 11.20% rise in the past month and a 26.30% rise in the past quarter. The volatility ratio for the week is 2.89%, and the volatility levels for the past 30 days are 2.73% for VIAV. The simple moving average for the last 20 days is 5.58% for VIAV stock, with a simple moving average of 20.36% for the last 200 days.
Is It Worth Investing in Viavi Solutions Inc (NASDAQ: VIAV) Right Now?
Additionally, the 36-month beta value for VIAV is 0.93. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for VIAV is 218.43M and currently, short sellers hold a 1.95% ratio of that float. The average trading volume of VIAV on November 14, 2024 was 1.63M shares.
VIAV) stock’s latest price update
The stock of Viavi Solutions Inc (NASDAQ: VIAV) has decreased by -0.78 when compared to last closing price of 10.31. prnewswire.com reported 2024-11-12 that Solution selected by Micron, Smart Modular Technologies to advance CXL ecosystem VIAVI CXL testing solutions will be demonstrated at SC24, November 18-21 CHANDLER, Ariz., Nov. 12, 2024 /PRNewswire/ — VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that the VIAVI Xgig® CXL Exerciser has received CXL 2.0 Gold Suite certification from the Compute Express Link® Consortium.
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 12.44% 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 -9.63% of loss for the given period.
Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares surge +10.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.37% upper at present.
During the last 5 trading sessions, VIAV remain unchanged, which changed the moving average for the period of 200-days by +5.36% in comparison to the 20-day moving average, which settled at $9.69. In addition, Viavi Solutions Inc saw 1.59% 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 VIAV starting from JABBAR MASOOD, who sale 15,000 shares at the price of $9.17 back on Oct 14 ’24. After this action, JABBAR MASOOD now owns 213,514 shares of Viavi Solutions Inc, valued at $137,550 using the latest closing price.
MASOOD JABBAR, the Director of Viavi Solutions Inc, proposed sale 15,000 shares at $9.17 during a trade that took place back on Oct 14 ’24, which means that MASOOD JABBAR is holding shares at $137,540 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 -0.04. The total capital return value is set at 0.02. Equity return is now at value -5.43, with -2.11 for asset returns.
Based on Viavi Solutions Inc (VIAV), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 2.22.
Currently, EBITDA for the company is 83.5 million with net debt to EBITDA at 2.12. When we switch over and look at the enterprise to sales, we see a ratio of 2.46. The receivables turnover for the company is 4.22for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.71.
Conclusion
In conclusion, Viavi Solutions Inc (VIAV) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
