At the time of writing, Verisign Inc. [VRSN] stock is trading at $176.74, up 1.01%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The VRSN shares have lost -0.50% over the last week, with a monthly amount drifted -0.66%, and not seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
Verisign Inc. [NASDAQ: VRSN] stock has seen the most recent analyst activity on July 11, 2023, when Robert W. Baird downgraded its rating to a Neutral and also revised its price target to $245 from $265. Previously, Robert W. Baird upgraded its rating to Outperform on December 15, 2022, and elevated its price target to $265. On December 13, 2022, Citigroup initiated with a Buy rating and assigned a price target of $243 on the stock. Robert W. Baird downgraded its rating to a Neutral and decreased its price target to $210 on April 29, 2022. JP Morgan upgraded its rating to a Overweight but $246 remained the price target by the analyst firm on December 09, 2020. In a note dated November 02, 2018, Robert W. Baird upgraded an Outperform rating on this stock.
For the past year, the stock price of Verisign Inc. fluctuated between $167.04 and $220.91. Currently, Wall Street analysts expect the stock to reach $254 within the next 12 months. Verisign Inc. [NASDAQ: VRSN] shares were valued at $176.74 at the most recent close of the market. An investor can expect a potential return of 43.71% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
According to Verisign Inc. [NASDAQ:VRSN], the company’s sales were 1.51B for trailing twelve months, which represents an 5.46% jump. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.67%, Pretax Profit Margin comes in at 0.66%, and Net Profit Margin reading is 0.55%. To continue investigating profitability, this company’s Return on Assets is posted at 0.48, Equity is -0.52 and Total Capital is 1.98. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -1.1.
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 174.96 points at the first support level, and at 173.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 178.12, and for the 2nd resistance point, it is at 179.49.
Ratios To Look Out For
It is important to note that Verisign Inc. [NASDAQ:VRSN] has a current ratio of 0.81. In addition, the Quick Ratio stands at 0.81 and the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 11.63 and price to earnings (TTM) ratio is 21.73.
Transactions by insiders
Recent insider trading involved McPherson Danny R, EVP – Engineering & CSO, that happened on May 17 ’24 when 1200.0 shares were sold. Director, Buchalter Yehuda Ari completed a deal on May 10 ’24 to sell 734.0 shares. Meanwhile, Director Buchalter Yehuda Ari sold 866.0 shares on May 09 ’24.
