Viavi Solutions Inc (NASDAQ: VIAV) is -4.17% lower on its value in year-to-date trading and has touched a low of $7.26 and a high of $11.65 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 $9.67 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $9.65, the stock is -3.67% and -2.07% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.34 million and changing -0.21% at the moment leaves the stock 0.29% off its SMA200. VIAV registered -8.36% loss for a year compared to 6-month loss of -0.21%. The firm has a 50-day simple moving average (SMA 50) of $2.33 and a 200-day simple moving average (SMA200) of $18.62.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 1.47% gain in the last 1 month and extending the period to 3 months gives it a 0.10%, and is -5.30% down 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 2.46% over the week and 2.85% over the month.
Viavi Solutions Inc (VIAV) has around 3600 employees, a market worth around $2.15B and $1.01B in sales. Current P/E ratio is 430.80 and Fwd P/E is 17.32. Profit margin for the company is 0.49%. Distance from 52-week low is 33.01% and -17.13% from its 52-week high. The company has generated returns on investments over the last 12 months (0.36%).
Viavi Solutions Inc quarterly earnings per share for the current quarter are estimated at $0.07 with sales reaching $249.58M over the same period.The EPS is expected to shrink by -31.71% this year, but quarterly earnings will post -8.20% year-over-year.
407 institutions hold shares in Viavi Solutions Inc (VIAV), with institutional investors hold 98.00% of the company’s shares. The shares outstanding are 222.00M, and float is at 219.39M with Short Float at 2.68%. Institutions hold 96.68% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 35.57 million shares valued at $403.01 million. The investor’s holdings represent 16.06% of the VIAV Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 27.86 million shares valued at $315.7 million to account for 12.58% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 14.6 million shares representing 6.59% and valued at over $165.46 million, while Goldman Sachs Group Inc holds 4.64% of the shares totaling 10.29 million with a market value of $116.56 million.
Viavi Solutions Inc (VIAV) Insider Activity
The most recent transaction is an insider sale by McNab Paul, the company’s EVP, Chief Mktg & Stgy Officer. SEC filings show that McNab Paul sold 15,004 shares of the company’s common stock on Mar 12 ’24 at a price of $10.62 per share for a total of $0.16 million. Following the sale, the insider now owns 57940.0 shares.
Viavi Solutions Inc disclosed in a document filed with the SEC on Mar 11 ’24 that Siebert Kevin Christopher (SVP Gen. Counsel & Secretary) sold a total of 13,967 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $10.70 per share for $0.15 million. Following the transaction, the insider now directly holds 47097.0 shares of the VIAV stock.
Still, SEC filings show that on Feb 01 ’24, RONDINONE RALPH (SVP Global Operations NSE) disposed off 1,122 shares at an average price of $9.85 for $11052.0. The insider now directly holds 32,722 shares of Viavi Solutions Inc (VIAV).
