Verisign Inc [VRSN] stock prices are up 2.84% to $192.49 at the moment. 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 6.48% over the last week, with a monthly amount glided 8.85%, 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.
The stock price of Verisign Inc [VRSN] has been fluctuating 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 $192.49 at the most recent close of the market. An investor can expect a potential return of 24.68% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
The Verisign Inc [NASDAQ:VRSN] reported sales of 1.54B for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-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 187.81 points at the first support level, and at 183.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 195.01, and for the 2nd resistance point, it is at 197.53.
Ratios To Look Out For
It’s worth pointing out that Verisign Inc [NASDAQ:VRSN]’s Current Ratio is 0.47. In addition, the Quick Ratio stands at 0.47 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 11.71 and price to earnings (TTM) ratio is 22.39.
Transactions by insiders
Recent insider trading involved McPherson Danny R, Officer, that happened on Dec 02 ’24 when 2092.0 shares were purchased. SVP, Cont., Chief Acct Officer, CALYS JOHN completed a deal on Nov 07 ’24 to sell 1066.0 shares. Meanwhile, Officer CALYS JOHN bought 1066.0 shares on Nov 07 ’24.
