Verisign Inc [VRSN] stock is trading at $191.63, up 3.49%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The VRSN shares have gain 5.63% over the last week, with a monthly amount glided 7.19%, 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 [VRSN] stock has fluctuated between $167.04 and $220.91 over the past year. Currently, Wall Street analysts expect the stock to reach $240 within the next 12 months. Verisign Inc [NASDAQ: VRSN] shares were valued at $191.63 at the most recent close of the market. An investor can expect a potential return of 25.24% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
Verisign Inc [NASDAQ:VRSN] reported sales of 1.54B for the trailing twelve months, which represents a growth of 3.80%. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.68%, Pretax Profit Margin comes in at 0.66%, and Net Profit Margin reading is 0.56%. To continue investigating profitability, this company’s Return on Assets is posted at 0.59, Equity is -0.5 and Total Capital is -16.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -0.94.
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 186.26 points at the first support level, and at 180.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 196.06, and for the 2nd resistance point, it is at 200.50.
Ratios To Look Out For
For context, Verisign Inc’s Current Ratio is 0.47. Also, the Quick Ratio is 0.47, while the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 12.36 and price to earnings (TTM) ratio is 22.29.
Transactions by insiders
Recent insider trading involved CALYS JOHN, SVP, Cont., Chief Acct Officer, that happened on Nov 07 ’24 when 1066.0 shares were sold. Officer, CALYS JOHN completed a deal on Nov 07 ’24 to buy 1066.0 shares. Meanwhile, EVP, Gen Counsel & Secretary Indelicarto Thomas C sold 1228.0 shares on Oct 15 ’24.
