Analysts predict VIZIO Holding Corp (VZIO) stock to reach $12.33 in the next 12 months

A share price of VIZIO Holding Corp [VZIO] is currently trading at $11.23, up 0.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The VZIO shares have gain 0.81% over the last week, with a monthly amount glided 0.36%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

VIZIO Holding Corp [NYSE: VZIO] stock has seen the most recent analyst activity on May 29, 2024, when Barrington Research upgraded its rating to a Outperform. Previously, B. Riley Securities started tracking the stock with Buy rating on December 13, 2023, and set its price target to $11. On August 24, 2023, downgrade downgraded it’s rating to Underperform and revised its price target to $6 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $13 on December 01, 2022. Needham reiterated its recommendation of a Buy and reduced its price target to $16 on March 04, 2022. Craig Hallum started tracking with a Buy rating for this stock on December 08, 2021, and assigned it a price target of $28. In a note dated November 17, 2021, Barrington Research initiated an Outperform rating and provided a target price of $28 on this stock.

VIZIO Holding Corp experienced fluctuations in its stock price throughout the past year between $4.82 and $11.30. Currently, Wall Street analysts expect the stock to reach $12.33 within the next 12 months. VIZIO Holding Corp [NYSE: VZIO] shares were valued at $11.23 at the most recent close of the market. An investor can expect a potential return of 9.8% based on the average VZIO price forecast.

Analyzing the VZIO fundamentals

Trailing Twelve Months sales for VIZIO Holding Corp [NYSE:VZIO] were 1.72B which represents 10.88% growth. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.0%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.

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 11.20 points at the first support level, and at 11.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.26, and for the 2nd resistance point, it is at 11.29.

Ratios To Look Out For

To put it in perspective, the Current Ratio for VIZIO Holding Corp [NYSE:VZIO] is 1.66. On the other hand, the Quick Ratio is 1.60, and the Cash Ratio is 0.44. Considering the valuation of this stock, the price to sales ratio is 1.31, the price to book ratio is 4.83 and price to earnings (TTM) ratio is 150.33.

Transactions by insiders

Recent insider trading involved O’Donnell Michael Joseph, that happened on Aug 21 ’24 when 2555.0 shares were sold. Officer, O’Donnell Michael Joseph completed a deal on Aug 21 ’24 to buy 2555.0 shares. Meanwhile, President and COO WONG BEN BUN sold 50181.0 shares on Jun 21 ’24.

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