Viavi Solutions Inc. (NASDAQ: VIAV) is -8.18% lower on its value in year-to-date trading and has touched a low of $8.52 and a high of $16.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VIAV stock was last observed hovering at around $9.49 in the last trading session, with the day’s gains setting it 0.16% off its average median price target of $11.50 for the next 12 months. It is also 25.77% off the consensus price target high of $13.00 offered by 8 analysts, but current levels are 3.5% higher than the price target low of $10.00 for the same period.
Currently trading at $9.65, the stock is 4.52% and -0.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 1.69% at the moment leaves the stock -17.13% off its SMA200. VIAV registered -31.90% loss for a year compared to 6-month loss of -13.06%. The firm has a 50-day simple moving average (SMA 50) of $1.91 and a 200-day simple moving average (SMA200) of $17.49.
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The stock witnessed a 11.30% gain in the last 1 month and extending the period to 3 months gives it a -10.32%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 2.54% over the month.
Viavi Solutions Inc. (VIAV) has around 3600 employees, a market worth around $2.14B and $1.18B in sales. Current P/E ratio is 53.02 and Fwd P/E is 15.72. Profit margin for the company is 3.60%. Distance from 52-week low is 13.26% and -39.69% from its 52-week high. The company has generated returns on investments over the last 12 months (2.40%).
Viavi Solutions Inc. (VIAV) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Viavi Solutions Inc. (VIAV) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.40, where 4 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Viavi Solutions Inc. is expected to release its quarterly report on 08/15/2023.The EPS is expected to shrink by -76.50% this year
Viavi Solutions Inc. (VIAV) Top Institutional Holders
The shares outstanding are 224.10M, and float is at 219.78M with Short Float at 2.54%.
Viavi Solutions Inc. (VIAV) Insider Activity
A total of 13 insider transactions have happened at Viavi Solutions Inc. (VIAV) in the last six months, with sales accounting for 13 and purchases happening 0 times. The most recent transaction is an insider sale by Staley Gary W, the company’s SVP Global Sales NSE. SEC filings show that Staley Gary W sold 13,636 shares of the company’s common stock on Feb 22 at a price of $11.02 per share for a total of $0.15 million. Following the sale, the insider now owns 80027.0 shares.
Viavi Solutions Inc. disclosed in a document filed with the SEC on Feb 16 that Staley Gary W (SVP Global Sales NSE) sold a total of 13,453 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $11.16 per share for $0.15 million. Following the transaction, the insider now directly holds 93663.0 shares of the VIAV stock.
Still, SEC filings show that on Feb 08, Staley Gary W (SVP Global Sales NSE) disposed off 13,216 shares at an average price of $11.31 for $0.15 million. The insider now directly holds 107,116 shares of Viavi Solutions Inc. (VIAV).
Viavi Solutions Inc. (VIAV): Who are the competitors?
The company’s main competitors (and peers) include RADCOM Ltd. (RDCM) that is trading -10.62% down over the past 12 months. Agilent Technologies Inc. (A) is -3.95% down on the 1-year trading charts.