A share price of Verisign Inc. [VRSN] is currently trading at $189.96, down -0.36%. 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 gain 4.06% over the last week, with a monthly amount glided 4.37%, and seem to be holding up well over a long-time horizon.
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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.
Verisign Inc. experienced fluctuations in its stock price throughout the past year between $167.04 and $220.91. Currently, Wall Street analysts expect the stock to reach $240 within the next 12 months. Verisign Inc. [NASDAQ: VRSN] shares were valued at $189.96 at the most recent close of the market. An investor can expect a potential return of 26.34% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
Trailing Twelve Months sales for Verisign Inc. [NASDAQ:VRSN] were 1.53B which represents 4.06% growth. Gross Profit Margin for this corporation currently stands at 0.87% with Operating Profit Margin at 0.68%, 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 0.56, Equity is -0.51 and Total Capital is 3.3. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-0.99.
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 188.73 points at the first support level, and at 187.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 191.36, and for the 2nd resistance point, it is at 192.76.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verisign Inc. [NASDAQ:VRSN] is 0.64. In addition, the Quick Ratio stands at 0.64 and the Cash Ratio stands at 0.21. Considering the valuation of this stock, the price to sales ratio is 12.13 and price to earnings (TTM) ratio is 22.73.
Transactions by insiders
Recent insider trading involved Indelicarto Thomas C, EVP, Gen Counsel & Secretary, that happened on Sep 27 ’24 when 2456.0 shares were sold. Officer, THOMAS C INDELICARTO completed a deal on Sep 27 ’24 to buy 2456.0 shares. Meanwhile, Director TOMLINSON TIMOTHY sold 1408.0 shares on Jul 29 ’24.
