Verisign Inc. (NASDAQ: VRSN) is -9.38% lower on its value in year-to-date trading and has touched a low of $167.04 and a high of $220.91 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 VRSN stock was last observed hovering at around $184.10 in the last trading session, with the day’s gains setting it 2.55%.
Currently trading at $186.65, the stock is 5.47% and 5.66% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 1.39% at the moment leaves the stock -2.95% off its SMA200. VRSN registered -10.89% loss for a year compared to 6-month loss of -8.10%.
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The stock witnessed a 4.72% gain in the last 1 month and extending the period to 3 months gives it a 6.37%, and is 5.18% 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 2.79% over the week and 1.86% over the month.
Verisign Inc. (VRSN) has around 908 employees, a market worth around $18.22B and $1.53B in sales. Current P/E ratio is 22.33 and Fwd P/E is 21.52. Profit margin for the company is 55.37%. Distance from 52-week low is 11.74% and -15.51% from its 52-week high.
with sales reaching $390.25M over the same period.The EPS is expected to grow by 1.14% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 3.70% in year-over-year returns.
Verisign Inc. (VRSN) Top Institutional Holders
The shares outstanding are 101.30M, and float is at 96.65M with Short Float at 2.15%.
Verisign Inc. (VRSN) Insider Activity
The most recent transaction is an insider sale by McPherson Danny R,the company’sEVP – Engineering & CSO. SEC filings show that McPherson Danny R sold 1,200 shares of the company’s common stock on May 17 ’24 at a price of $170.14 per share for a total of $0.2 million. Following the sale, the insider now owns 29181.0 shares.
Verisign Inc. disclosed in a document filed with the SEC on May 10 ’24 that Buchalter Yehuda Ari (Director) sold a total of 734 shares of the company’s common stock. The trade occurred on May 10 ’24 and was made at $170.01 per share for $0.12 million. Following the transaction, the insider now directly holds 2927.0 shares of the VRSN stock.
Still, SEC filings show that on May 09 ’24, Buchalter Yehuda Ari (Director) disposed off 866 shares at an average price of $170.01 for $0.15 million. The insider now directly holds 3,661 shares of Verisign Inc. (VRSN).
