What is the best trade option for Vivid Seats Inc (SEAT) stock?

Vivid Seats Inc [SEAT] stock is trading at $3.61, down -0.55%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SEAT shares have gain 1.40% over the last week, with a monthly amount drifted -6.72%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Vivid Seats Inc [NASDAQ: SEAT] stock has seen the most recent analyst activity on November 04, 2024, when Maxim Group reiterated its Buy rating and also revised its price target to $8 from $9. On April 17, 2024, Maxim Group initiated with a Buy rating and assigned a price target of $7 on the stock. Craig Hallum started tracking the stock assigning a Buy rating and suggested a price target of $10 on February 09, 2024. Morgan Stanley initiated its recommendation with a Equal-Weight and recommended $9.50 as its price target on August 01, 2023. BofA Securities started tracking with a Buy rating for this stock on July 24, 2023, and assigned it a price target of $10. In a note dated March 24, 2023, Imperial Capital initiated an Outperform rating and provided a target price of $9 on this stock.

Vivid Seats Inc [SEAT] stock has fluctuated between $3.33 and $8.80 over the past year. 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 $3.61 at the most recent close of the market. An investor can expect a potential return of 91.69% based on the average SEAT price forecast.

Analyzing the SEAT fundamentals

Vivid Seats Inc [NASDAQ:SEAT] reported sales of 774.08M for the trailing twelve months, which represents a drop of -0.81%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.16 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.23.

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 3.53 points at the first support level, and at 3.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.69, and for the 2nd resistance point, it is at 3.76.

Ratios To Look Out For

For context, Vivid Seats Inc’s Current Ratio is 0.79. As well, the Quick Ratio is 0.74, while the Cash Ratio is 0.49. Considering the valuation of this stock, the price to sales ratio is 0.97, the price to book ratio is 1.44.

Transactions by insiders

Recent insider trading involved Epstein Emily T, General Counsel, that happened on Nov 13 ’24 when 1382.0 shares were sold. Chief Accounting Officer, Pickus Edward completed a deal on Oct 21 ’24 to sell 542.0 shares. Meanwhile, Chief Strategy Officer Bakal Riva sold 1730.0 shares on Oct 21 ’24.

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