At the time of writing, Verisign Inc [VRSN] stock is trading at $211.67, up 1.17%. 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 2.28% over the last week, with a monthly amount glided 10.74%, and seem to be holding up well over a long-time horizon.
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.
For the past year, the stock price of Verisign Inc fluctuated between $167.04 and $213.68. Currently, Wall Street analysts expect the stock to reach $232.5 within the next 12 months. Verisign Inc [NASDAQ: VRSN] shares were valued at $211.67 at the most recent close of the market. An investor can expect a potential return of 9.84% based on the average VRSN price forecast.
Analyzing the VRSN fundamentals
According to Verisign Inc [NASDAQ:VRSN], the company’s sales were 1.54B for trailing twelve months, which represents an 3.80% jump. 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 208.43 points at the first support level, and at 205.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 213.48, and for the 2nd resistance point, it is at 215.29.
Ratios To Look Out For
It is important to note that Verisign Inc [NASDAQ:VRSN] has a current ratio of 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 13.19 and price to earnings (TTM) ratio is 24.63.
Transactions by insiders
Recent insider trading involved BERKSHIRE HATHAWAY INC, 10% Owner, that happened on Jan 03 ’25 when 12544.0 shares were purchased. 10% Owner, BERKSHIRE HATHAWAY INC completed a deal on Jan 02 ’25 to buy 5879.0 shares. Meanwhile, 10% Owner BERKSHIRE HATHAWAY INC bought 1621.0 shares on Dec 31 ’24.
