Vivid Seats Inc [SEAT] stock prices are up 2.25% to $5.90 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SEAT shares have gain 2.97% over the last week, with a monthly amount glided 5.55%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Vivid Seats Honored as one of Fast Company’s World’s Most Innovative Companies of 2024. In a post published today on Yahoo Finance, Vivid Seats Inc. (NASDAQ: SEAT), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced it has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies of 2024.
From an analyst’s perspective:
Vivid Seats Inc [NASDAQ: SEAT] stock has seen the most recent analyst activity on February 09, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $10. Previously, Morgan Stanley started tracking the stock with Equal-Weight rating on August 01, 2023, and set its price target to $9.50. On July 24, 2023, BofA Securities initiated with a Buy rating and assigned a price target of $10 on the stock. Imperial Capital started tracking the stock assigning a Outperform rating and suggested a price target of $9 on March 24, 2023. Deutsche Bank initiated its recommendation with a Hold and recommended $9 as its price target on October 03, 2022. RBC Capital Mkts started tracking with a Sector Perform rating for this stock on August 29, 2022, and assigned it a price target of $10.50. In a note dated July 15, 2022, Piper Sandler initiated an Neutral rating and provided a target price of $8 on this stock.
The stock price of Vivid Seats Inc [SEAT] has been fluctuating between $5.11 and $9.89 over the past year. Currently, Wall Street analysts expect the stock to reach $9.75 within the next 12 months. Vivid Seats Inc [NASDAQ: SEAT] shares were valued at $5.90 at the most recent close of the market. An investor can expect a potential return of 65.25% based on the average SEAT price forecast.
Analyzing the SEAT fundamentals
The Vivid Seats Inc [NASDAQ:SEAT] reported sales of 712.88M for trailing twelve months, representing a surge of 20.19%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is -0.54 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.78 points at the first support level, and at 5.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.97, and for the 2nd resistance point, it is at 6.05.
Vivid Seats Inc [SEAT] reported earnings per share of $0.09 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.04 and a surprise factor of 80.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.04 per share, a difference of $0.03 representing a surprise of 75.00%.
Ratios To Look Out For
It’s worth pointing out that Vivid Seats Inc [NASDAQ:SEAT]’s Current Ratio is 0.50. On the other hand, the Quick Ratio is 0.46, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 1.11, the price to book ratio is 7.52 and price to earnings (TTM) ratio is 49.25.
Transactions by insiders
Recent insider trading involved Wagner Jonathan Miles, Chief Technology Officer, that happened on Mar 12 ’24 when 29588.0 shares were sold. Chief Strategy Officer, Bakal Riva completed a deal on Mar 12 ’24 to sell 2051.0 shares. Meanwhile, Chief Accounting Officer Pickus Edward sold 725.0 shares on Mar 12 ’24.
