Vivid Seats Inc (NASDAQ: SEAT)’s stock price has gone decline by -1.11 in comparison to its previous close of 3.60, however, the company has experienced a -2.20% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-09 that Vivid Seats Inc. (NASDAQ:SEAT ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Kate Africk – Head, Investor Relations Stan Chia – Chief Executive Officer Larry Fey – Chief Financial Officer Conference Call Participants Andrew Marok – Raymond James Maria Ripps – Canaccord Ryan Sigdahl – Craig-Hallum Capital Group Daniel Kurnos – The Benchmark Company Cameron Mansson-Perrone – Morgan Stanley Thomas Forte – the Maxim Group Ralph Schackart – William Blair Operator Good morning, and welcome to the Vivid Seats Third Quarter 2024 Earnings Conference Call. Following management’s prepared remarks, we will open the call for Q&A.
Is It Worth Investing in Vivid Seats Inc (NASDAQ: SEAT) Right Now?
Additionally, the 36-month beta value for SEAT is 1.20. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 3 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for SEAT is 70.64M and currently, short sellers hold a 18.11% ratio of that float. The average trading volume of SEAT on November 27, 2024 was 1.16M shares.
SEAT’s Market Performance
SEAT stock saw a decrease of -2.20% in the past week, with a monthly decline of -9.87% and a quarterly a decrease of -21.93%. The volatility ratio for the week is 5.23%, and the volatility levels for the last 30 days are 6.17% for Vivid Seats Inc (SEAT). The simple moving average for the past 20 days is -5.51% for SEAT’s stock, with a -27.07% simple moving average for the past 200 days.
Analysts’ Opinion of SEAT
Many brokerage firms have already submitted their reports for SEAT stocks, with Maxim Group repeating the rating for SEAT by listing it as a “Buy.” The predicted price for SEAT in the upcoming period, according to Maxim Group is $8 based on the research report published on November 04, 2024 of the current year 2024.
DA Davidson, 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 May 30th, 2024.
Maxim Group gave a rating of “Buy” to SEAT, setting the target price at $7 in the report published on April 17th of the current year.
SEAT Trading at -6.08% 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 -59.56% of loss for the given period.
Volatility was left at 6.17%, however, over the last 30 days, the volatility rate increased by 5.23%, as shares sank -12.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.83% lower at present.
During the last 5 trading sessions, SEAT fell by -2.20%, which changed the moving average for the period of 200-days by -41.06% in comparison to the 20-day moving average, which settled at $3.77. In addition, Vivid Seats Inc saw -43.67% 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 Epstein Emily T, who sale 1,382 shares at the price of $3.93 back on Nov 13 ’24. After this action, Epstein Emily T now owns 48,516 shares of Vivid Seats Inc, valued at $5,431 using the latest closing price.
Pickus Edward, the Chief Accounting Officer of Vivid Seats Inc, sale 542 shares at $4.09 during a trade that took place back on Oct 21 ’24, which means that Pickus Edward is holding 46,269 shares at $2,217 based on the most recent closing price.
Stock Fundamentals for SEAT
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.72 for the gross margin
The net margin for Vivid Seats Inc stands at 0.04. The total capital return value is set at 0.04. Equity return is now at value 33.73, with 2.36 for asset returns.
Based on Vivid Seats Inc (SEAT), the company’s capital structure generated 0.54 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.18. The interest coverage ratio of the stock is 2.45.
Currently, EBITDA for the company is 102.44 million with net debt to EBITDA at 1.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.22. The receivables turnover for the company is 11.85for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.
Conclusion
In conclusion, Vivid Seats Inc (SEAT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
