Viavi Solutions Inc [VIAV] stock prices are up 2.03% to $8.55 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The VIAV shares have gain 7.55% over the last week, with a monthly amount glided 9.06%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Viavi Solutions Inc [NASDAQ: VIAV] stock has seen the most recent analyst activity on June 26, 2024, when Rosenblatt downgraded its rating to a Neutral but kept the price target unchanged to $8.25 for it. Previously, Susquehanna downgraded its rating to Neutral on May 03, 2024, and kept the price target unchanged to $9. On February 12, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $13 on the stock. Stifel started tracking the stock assigning a Hold rating and suggested a price target of $12 on December 02, 2022. B. Riley Securities downgraded its rating to a Neutral and reduced its price target to $14.50 on November 04, 2022. Rosenblatt started tracking with a Buy rating for this stock on October 06, 2022, and assigned it a price target of $18. In a note dated July 19, 2022, Needham downgraded an Hold rating on this stock.
The stock price of Viavi Solutions Inc [VIAV] has been fluctuating between $6.60 and $11.32 over the past year. Currently, Wall Street analysts expect the stock to reach $12.95 within the next 12 months. Viavi Solutions Inc [NASDAQ: VIAV] shares were valued at $8.55 at the most recent close of the market. An investor can expect a potential return of 51.46% based on the average VIAV price forecast.
Analyzing the VIAV fundamentals
The Viavi Solutions Inc [NASDAQ:VIAV] reported sales of 1.00B for trailing twelve months, representing a drop of -4.40%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.03%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.03%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.95.
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 8.42 points at the first support level, and at 8.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.62, and for the 2nd resistance point, it is at 8.69.
Ratios To Look Out For
It’s worth pointing out that Viavi Solutions Inc [NASDAQ:VIAV]’s Current Ratio is 3.55. On the other hand, the Quick Ratio is 3.16, and the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 1.90, the price to book ratio is 2.78.
Transactions by insiders
Recent insider trading involved JABBAR MASOOD, Director, that happened on Aug 21 ’24 when 30000.0 shares were sold. SVP Global Operations NSE, RONDINONE RALPH completed a deal on Aug 21 ’24 to sell 1271.0 shares. Meanwhile, Director MASOOD JABBAR bought 30000.0 shares on Aug 21 ’24.
