At the time of writing, Vivid Seats Inc [SEAT] stock is trading at $4.13, up 1.47%. An important factor to consider is whether the stock is rising or falling in short-term value. The SEAT shares have gain 5.36% over the last week, with a monthly amount glided 22.92%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Maxim Group started tracking the stock with Buy rating on April 17, 2024, and set its price target to $7. On February 09, 2024, Craig Hallum initiated with a Buy rating and assigned a price target of $10 on the stock. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $9.50 on August 01, 2023. BofA Securities initiated its recommendation with a Buy and recommended $10 as its price target on July 24, 2023. Imperial Capital started tracking with a Outperform rating for this stock on March 24, 2023, and assigned it a price target of $9. In a note dated October 03, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $9 on this stock.
For the past year, the stock price of Vivid Seats Inc fluctuated between $3.36 and $8.80. Currently, Wall Street analysts expect the stock to reach $6.92 within the next 12 months. Vivid Seats Inc [NASDAQ: SEAT] shares were valued at $4.13 at the most recent close of the market. An investor can expect a potential return of 67.55% based on the average SEAT price forecast.
Analyzing the SEAT fundamentals
According to Vivid Seats Inc [NASDAQ:SEAT], the company’s sales were 775.60M for trailing twelve months, which represents an 19.92% jump. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.57 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.51.
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 4.07 points at the first support level, and at 4.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.21, and for the 2nd resistance point, it is at 4.29.
Ratios To Look Out For
It is important to note that Vivid Seats Inc [NASDAQ:SEAT] has a current ratio of 0.79. On the other hand, the Quick Ratio is 0.73, and the Cash Ratio is 0.51. Considering the valuation of this stock, the price to sales ratio is 1.12, the price to book ratio is 3.49.
Transactions by insiders
Recent insider trading involved Pickus Edward, Chief Accounting Officer, that happened on Oct 21 ’24 when 542.0 shares were sold. Chief Strategy Officer, Bakal Riva completed a deal on Oct 21 ’24 to sell 1730.0 shares. Meanwhile, Chief Strategy Officer Bakal Riva sold 3100.0 shares on Sep 12 ’24.
