A share price of Viavi Solutions Inc [VIAV] is currently trading at $8.73, up 3.07%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VIAV shares have gain 4.30% over the last week, with a monthly amount glided 4.18%, and 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:
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.
Viavi Solutions Inc experienced fluctuations in its stock price throughout the past year between $6.60 and $11.32. 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 $8.73 at the most recent close of the market. An investor can expect a potential return of 48.34% based on the average VIAV price forecast.
Analyzing the VIAV fundamentals
Trailing Twelve Months sales for Viavi Solutions Inc [NASDAQ:VIAV] were 1.00B which represents -4.40% decline. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.95.
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 8.54 points at the first support level, and at 8.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.85, and for the 2nd resistance point, it is at 8.97.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Viavi Solutions Inc [NASDAQ:VIAV] is 3.55. As well, the Quick Ratio is 3.16, while the Cash Ratio is 1.93. Considering the valuation of this stock, the price to sales ratio is 1.94, the price to book ratio is 2.84.
Transactions by insiders
Recent insider trading involved MASOOD JABBAR, Director, that happened on Sep 16 ’24 when 15000.0 shares were purchased. Director, JABBAR MASOOD completed a deal on Sep 16 ’24 to sell 15000.0 shares. Meanwhile, EVP, Chief Mktg & Stgy Officer McNab Paul sold 5920.0 shares on Sep 13 ’24.
