Vivid Seats Inc [SEAT] stock is trading at $5.69, down -1.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SEAT shares have gain 0.35% over the last week, with a monthly amount drifted -4.53%, and not seem to be holding up well over a long-time horizon.
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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.
Vivid Seats Inc [SEAT] stock has fluctuated 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 $5.69 at the most recent close of the market. An investor can expect a potential return of 71.35% based on the average SEAT price forecast.
Analyzing the SEAT fundamentals
Vivid Seats Inc [NASDAQ:SEAT] reported sales of 712.88M for the trailing twelve months, which represents a growth 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 5.61 points at the first support level, and at 5.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.80, and for the 2nd resistance point, it is at 5.92.
Ratios To Look Out For
For context, Vivid Seats Inc’s Current Ratio is 0.50. Also, the Quick Ratio is 0.46, while the Cash Ratio stands at 0.27. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 7.25 and price to earnings (TTM) ratio is 47.50.
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.
