Vivid Seats Inc [SEAT] stock prices are down -0.91% to $5.44 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SEAT shares have gain 2.64% over the last week, with a monthly amount glided 4.21%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Maxim Group started tracking the stock with Buy rating on April 17, 2024, and set its price target to $7. On February 09, 2024, Craig Hallum initiated with a Buy rating and assigned a price target of $10 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $9.50 on August 01, 2023. BofA Securities initiated its recommendation with a Buy and recommended $10 as its price target on July 24, 2023. Imperial Capital started tracking with a Outperform rating for this stock on March 24, 2023, and assigned it a price target of $9. In a note dated October 03, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $9 on this stock.
The stock price of Vivid Seats Inc [SEAT] has been fluctuating between $4.70 and $8.80 over the past year. Currently, Wall Street analysts expect the stock to reach $8.38 within the next 12 months. Vivid Seats Inc [NASDAQ: SEAT] shares were valued at $5.44 at the most recent close of the market. An investor can expect a potential return of 54.04% based on the average SEAT price forecast.
Analyzing the SEAT fundamentals
The Vivid Seats Inc [NASDAQ:SEAT] reported sales of 742.67M for trailing twelve months, representing a surge of 18.50%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is -1.7 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.92.
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 5.37 points at the first support level, and at 5.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.51, and for the 2nd resistance point, it is at 5.59.
Ratios To Look Out For
It’s worth pointing out that Vivid Seats Inc [NASDAQ:SEAT]’s Current Ratio is 0.57. In addition, the Quick Ratio stands at 0.51 and the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 5.23 and price to earnings (TTM) ratio is 53.44.
Transactions by insiders
Recent insider trading involved Bakal Riva, Chief Strategy Officer, that happened on Jun 12 ’24 when 2051.0 shares were sold. Chief Accounting Officer, Pickus Edward completed a deal on Jun 12 ’24 to sell 725.0 shares. Meanwhile, General Counsel Epstein Emily T sold 1381.0 shares on May 13 ’24.
