Viasat, Inc (NASDAQ: VSAT) has experienced a decline in its stock price by -3.22 compared to its previous closing price of 7.28. However, the company has seen a fall of -16.22% in its stock price over the last five trading days. prnewswire.com reported 2024-11-13 that CARLSBAD, Calif., Nov. 13, 2024 /PRNewswire/ — Viasat, Inc. (NASDAQ: VSAT), a global leader in satellite communications, today announced that its President of Global Space Networks, Craig Miller, will be participating in the Deutsche Bank Global Space Summit, which will be hosted in New York, New York on Wednesday November 20, 2024 at 3 p.m.
Is It Worth Investing in Viasat, Inc (NASDAQ: VSAT) Right Now?
The 36-month beta value for VSAT is at 1.33. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for VSAT is 107.28M, and currently, shorts hold a 17.73% of that float. The average trading volume for VSAT on November 19, 2024 was 2.22M shares.
VSAT’s Market Performance
VSAT stock saw a decrease of -16.22% in the past week, with a monthly decline of -34.70% and a quarterly a decrease of -59.76%. The volatility ratio for the week is 7.45%, and the volatility levels for the last 30 days are 6.65% for Viasat, Inc (VSAT). The simple moving average for the past 20 days is -23.77% for VSAT’s stock, with a -54.48% simple moving average for the past 200 days.
Analysts’ Opinion of VSAT
Many brokerage firms have already submitted their reports for VSAT stocks, with Needham repeating the rating for VSAT by listing it as a “Buy.” The predicted price for VSAT in the upcoming period, according to Needham is $19 based on the research report published on October 15, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see VSAT reach a price target of $15, previously predicting the price at $29. The rating they have provided for VSAT stocks is “Neutral” according to the report published on September 17th, 2024.
JP Morgan gave a rating of “Overweight” to VSAT, setting the target price at $30 in the report published on October 17th of the previous year.
VSAT Trading at -35.19% from the 50-Day Moving Average
After a stumble in the market that brought VSAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.80% of loss for the given period.
Volatility was left at 6.65%, however, over the last 30 days, the volatility rate increased by 7.45%, as shares sank -33.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -52.51% lower at present.
During the last 5 trading sessions, VSAT fell by -15.64%, which changed the moving average for the period of 200-days by -67.56% in comparison to the 20-day moving average, which settled at $9.25. In addition, Viasat, Inc saw -74.79% 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 VSAT starting from BALDRIDGE RICHARD A, who purchase 55,000 shares at the price of $14.91 back on Sep 12 ’24. After this action, BALDRIDGE RICHARD A now owns 55,000 shares of Viasat, Inc, valued at $820,000 using the latest closing price.
CPP Investment Board Private H, the of Viasat, Inc, sale 2,811,442 shares at $19.90 during a trade that took place back on Aug 12 ’24, which means that CPP Investment Board Private H is holding 8,545,334 shares at $55,947,696 based on the most recent closing price.
Stock Fundamentals for VSAT
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.3 for the gross margin
The net margin for Viasat, Inc stands at -0.08. The total capital return value is set at -0.0. Equity return is now at value -7.60, with -2.21 for asset returns.
Based on Viasat, Inc (VSAT), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 1.86. The interest coverage ratio of the stock is -0.02.
Currently, EBITDA for the company is 363.98 million with net debt to EBITDA at 4.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.45. The receivables turnover for the company is 5.79for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.44.
Conclusion
In conclusion, Viasat, Inc (VSAT) 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.
