The 36-month beta value for DSP is at 0.77. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for DSP is 15.05M, and currently, shorts hold a 3.27% of that float. The average trading volume for DSP on November 14, 2024 was 82.18K shares.
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DSP) stock’s latest price update
The stock price of Viant Technology Inc (NASDAQ: DSP) has jumped by 21.75 compared to previous close of 13.52. Despite this, the company has seen a gain of 29.61% in its stock price over the last five trading days. zacks.com reported 2024-11-12 that Viant Technology (DSP) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.08 per share a year ago.
DSP’s Market Performance
Viant Technology Inc (DSP) has seen a 29.61% rise in stock performance for the week, with a 43.76% gain in the past month and a 60.12% surge in the past quarter. The volatility ratio for the week is 5.32%, and the volatility levels for the past 30 days are at 3.64% for DSP. The simple moving average for the past 20 days is 33.85% for DSP’s stock, with a 61.96% simple moving average for the past 200 days.
Analysts’ Opinion of DSP
Needham, on the other hand, stated in their research note that they expect to see DSP reach a price target of $12, previously predicting the price at $10. The rating they have provided for DSP stocks is “Buy” according to the report published on March 05th, 2024.
Craig Hallum gave a rating of “Buy” to DSP, setting the target price at $7 in the report published on October 18th of the previous year.
DSP Trading at 43.79% 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 able to rebound, for now settling with 19.05% of gains for the given period.
Volatility was left at 3.64%, however, over the last 30 days, the volatility rate increased by 5.32%, as shares surge +39.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.06% upper at present.
During the last 5 trading sessions, DSP rose by +29.61%, which changed the moving average for the period of 200-days by +80.48% in comparison to the 20-day moving average, which settled at $12.30. In addition, Viant Technology Inc saw 138.90% 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 MADDEN LARRY, who sale 1,498 shares at the price of $11.57 back on Oct 28 ’24. After this action, MADDEN LARRY now owns 528,350 shares of Viant Technology Inc, valued at $17,339 using the latest closing price.
MADDEN LARRY, the Chief Financial Officer of Viant Technology Inc, sale 2,768 shares at $11.23 during a trade that took place back on Oct 11 ’24, which means that MADDEN LARRY is holding 529,848 shares at $31,098 based on the most recent closing price.
Stock Fundamentals for DSP
Current profitability levels for the company are sitting at:
- -0.01 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 -0.01. Equity return is now at value 2.00, with 0.31 for asset returns.
Based on Viant Technology Inc (DSP), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 2.18.
Currently, EBITDA for the company is -3.56 million with net debt to EBITDA at -17.43. When we switch over and look at the enterprise to sales, we see a ratio of 0.3. The receivables turnover for the company is 1.94for trailing twelve months and the total asset turnover is 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.77.
Conclusion
In conclusion, Viant Technology Inc (DSP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
