Viavi Solutions Inc (NASDAQ: VIAV) is 1.59% higher on its value in year-to-date trading and has touched a low of $6.60 and a high of $11.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VIAV stock was last observed hovering at around $10.31 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $10.23, the stock is 5.58% and 12.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.2 million and changing -0.78% at the moment leaves the stock 20.36% off its SMA200. VIAV registered 31.15% gain for a year compared to 6-month gain of 33.55%. The firm has a 50-day simple moving average (SMA 50) of $9.098 and a 200-day simple moving average (SMA200) of $8.49925.
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 11.20% loss in the last 1 month and extending the period to 3 months gives it a 26.30%, and is 0.00% 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 2.89% over the week and 2.73% over the month.
Viavi Solutions Inc (VIAV) has around 3600 employees, a market worth around $2.27B and $990.70M in sales. Fwd P/E is 19.49. Profit margin for the company is -3.78%. Distance from 52-week low is 55.00% and -9.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.71%).
The EPS is expected to grow by 15.91% this year
417.0 institutions hold shares in Viavi Solutions Inc (VIAV), with institutional investors hold 94.27% of the company’s shares. The shares outstanding are 222.00M, and float is at 218.43M with Short Float at 1.95%. Institutions hold 92.88% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 34.62 million shares valued at $237.83 million. The investor’s holdings represent 15.5238 of the VIAV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 29.97 million shares valued at $205.88 million to account for 13.4383 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 13.9 million shares representing 6.2316 and valued at over $95.47 million, while CAPITAL WORLD INVESTORS holds 5.4536 of the shares totaling 12.16 million with a market value of $83.55 million.
Viavi Solutions Inc (VIAV) Insider Activity
The most recent transaction is an insider sale by JABBAR MASOOD, the company’s Director. SEC filings show that JABBAR MASOOD sold 15,000 shares of the company’s common stock on Oct 14 ’24 at a price of $9.17 per share for a total of $0.14 million. Following the sale, the insider now owns 0.21 million shares.
Still, SEC filings show that on Sep 26 ’24, RALPH RONDINONE (Officer) Proposed Sale 5,117 shares at an average price of $8.86 for $45337.0. The insider now directly holds shares of Viavi Solutions Inc (VIAV).
