A share price of Verisign Inc [VRSN] is currently trading at $199.96, up 0.56%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VRSN shares have gain 2.44% over the last week, with a monthly amount glided 8.14%, 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 experienced fluctuations in its stock price throughout the past year between $167.04 and $208.04. Currently, Wall Street analysts expect the stock to reach $232.5 within the next 12 months. Verisign Inc [NASDAQ: VRSN] shares were valued at $199.96 at the most recent close of the market. An investor can expect a potential return of 16.27% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
Trailing Twelve Months sales for Verisign Inc [NASDAQ:VRSN] were 1.54B which represents 3.80% growth. 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 198.02 points at the first support level, and at 196.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 201.58, and for the 2nd resistance point, it is at 203.21.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Verisign Inc [NASDAQ:VRSN] is 0.47. As well, the Quick Ratio is 0.47, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 12.81 and price to earnings (TTM) ratio is 23.26.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Dec 17 ’24 when 83012.0 shares were purchased. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Dec 18 ’24 to buy 84000.0 shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 67300.0 shares on Dec 19 ’24.
