Verisign Inc [VRSN] stock is trading at $200.46, up 4.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The VRSN shares have gain 4.14% over the last week, with a monthly amount glided 7.80%, 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 December 09, 2024, when Robert W. Baird upgraded its rating to a Outperform and also boosted its price target to $250 from $200. Previously, Robert W. Baird downgraded its rating to Neutral on July 11, 2023, and dropped its price target to $245. On December 15, 2022, upgrade upgraded it’s rating to Outperform and revised its price target to $265 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $243 on December 13, 2022. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $210 on April 29, 2022. JP Morgan upgraded its rating to Overweight for this stock on December 09, 2020, but kept the price target unchanged to $246.
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 $232.5 within the next 12 months. Verisign Inc [NASDAQ: VRSN] shares were valued at $200.46 at the most recent close of the market. An investor can expect a potential return of 15.98% 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. 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 195.22 points at the first support level, and at 189.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 204.22, and for the 2nd resistance point, it is at 207.98.
Ratios To Look Out For
For context, Verisign Inc’s Current Ratio is 0.47. On the other hand, the Quick Ratio is 0.47, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 12.63 and price to earnings (TTM) ratio is 23.32.
Transactions by insiders
Recent insider trading involved McPherson Danny R, EVP – Technology & CSO, that happened on Dec 02 ’24 when 2092.0 shares were sold. Officer, McPherson Danny R completed a deal on Dec 02 ’24 to buy 2092.0 shares. Meanwhile, SVP, Cont., Chief Acct Officer CALYS JOHN sold 1066.0 shares on Nov 07 ’24.
