Is it Right Time Pull the Trigger on ViacomCBS Inc. [VIAC] Stock?

ViacomCBS Inc. [VIAC] stock is up 0.03 while the S&P 500 has risen 0.18% on Wednesday, 12/02/20. While at the time of this article, VIAC ATR is sitting at 1.21, with the beta value at 1.79. This stock’s volatility for the past week remained at 3.11%, while it was 4.01% for the past 30-day period. VIAC has risen $0.01 from the previous closing price of $36.36 on volume of 9.39 million shares.

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Analyst Birdseye View:

The most recent analyst activity for ViacomCBS Inc. [NASDAQ:VIAC] stock was on October 15, 2020, when it was Upgrade with an Overweight rating from Barclays, which also raised its 12-month price target on the stock from $22 to $36. Before that, on November 24, 2020, Deutsche Bank Recapitulated a Hold rating and elevated its amount target to $32. On October 01, 2020, Loop Capital Initiated a Hold rating and boosted its price target on this stock to $30. On August 27, 2020, Wells Fargo Upgrade an Equal weight rating and increased its price target from $19 to $30. On July 13, 2020, Goldman Initiated a Buy rating and increased its price target to $34. On July 13, 2020, BofA Securities Downgrade a Neutral rating and boosted its amount on this stock to $25. On May 11, 2020, Barrington Research Upgrade an Outperform rating. On April 28, 2020 RBC Capital Mkts Initiated a Sector perform rating and elevated its amount target to $20.

In the past 52 weeks of trading, this stock has oscillated between a low of $10.10 and a peak of $43.04. Right now, the middling Wall Street analyst 12-month amount mark is $30.00. At the most recent market close, shares of ViacomCBS Inc. [NASDAQ:VIAC] were valued at $36.37. According to the average price forecast, investors can expect a potential return of 3.63%.

FUNDAMENTAL ANALYSIS

ViacomCBS Inc. [NASDAQ:VIAC] most recently reported quarterly sales of 6.12 billion, which represented growth of -8.70%. This publicly-traded organization’s revenue is $1,159,316 per employee, while its income is $136,307 per employee. This company’s Gross Margin is currently 40.80%, its Operating Margin is 13.60%, its Pretax Margin is +12.03, and its Net Margin is +11.76. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 9.16, 40.85, 18.98 and 14.41 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 61.30 and the whole liability to whole assets at 42.25. It shows enduring liability to the whole principal at 58.34 and enduring liability to assets at 0.40 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 35.79 points at 1st support level, the second support level is making up to 35.20. But as of 1st resistance point, this stock is sitting at 36.76 and at 37.14 for 2nd resistance point.

ViacomCBS Inc. [VIAC] reported its earnings at $0.91 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.8/share signifying the difference of 0.11 and 13.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.25 calling estimates for $0.93/share with the difference of 0.32 depicting the surprise of 34.40%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for ViacomCBS Inc. [NASDAQ:VIAC] is 1.70. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.07. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.93, it’s amount to book ratio is 1.95 and showing 8.98 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Lea DeDe, EVP, Pub Pol’y & Gov Relations, and it was the sale of 10459.0 shares on Nov 11. GRIEGO LINDA M, the Director, completed a sale of 18075.0 shares on Jun 08. On Mar 17, PHILLIPS JR CHARLES E, Director, completed a purchase of 16025.0 shares.