During the last session, Vivint Smart Home Inc. (NYSE:VVNT)’s traded shares were 0.35 million, with the beta value of the company hitting 0.45. At the end of the trading day, the stock’s price was $13.08, reflecting an intraday gain of 0.77% or $0.1. The 52-week high for the VVNT share is $25.10, that puts it down -91.9 from that peak though still a striking 23.93% gain since the share price plummeted to a 52-week low of $9.95. The company’s market capitalization is $2.67B, and the average intraday trading volume over the past 10 days was 0.39 million shares, and the average trade volume was 406.66K shares over the past three months.
Vivint Smart Home Inc. (NYSE:VVNT) trade information
Vivint Smart Home Inc. (VVNT) registered a 0.77% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.77% in intraday trading to $13.08 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 10.85%, and it has moved by 3.81% in 30 days. Based on these gigs, the overall price performance for the year is -23.19%. The short interest in Vivint Smart Home Inc. (NYSE:VVNT) is 3.2 million shares and it means that shorts have 10.42 day(s) to cover.
Vivint Smart Home Inc. (VVNT) estimates and forecasts
Statistics show that Vivint Smart Home Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Vivint Smart Home Inc. (VVNT) shares have gone down -10.66% during the last six months, with a year-to-date growth rate more than the industry average at 43.75% against 33.70. Yet analysts are ramping up their growth forecast for the fiscal year 2021. Revenue is predicted to shrink -12.20% this quarter and then jump 31.00% in the quarter after that. In the rating firms’ projections, revenue will increase 13.10% compared to the previous financial year.
Revenue for the current quarter is expected to be $349.99 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $360.57 million by the end of Sep 2021. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $306 million and $316.03 million respectively. In this case, analysts expect current quarter sales to grow by 14.40% and then jump by 14.10% in the coming quarter.
While earnings are projected to return 42.50% in 2021.
Vivint Smart Home Inc. is due to release its next quarterly earnings between August 04 and August 09. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Vivint Smart Home Inc. (NYSE:VVNT)’s Major holders
Vivint Smart Home Inc. insiders own 9.06% of total outstanding shares while institutional holders control 85.92%, with the float percentage being 94.48%. Blackstone Inc is the largest shareholder of the company, while 136 institutions own stock in it. As of Jun 29, 2021, the company held over 117.37 million shares (or 56.23% of all shares), a total value of $1.55 billion in shares.
The next largest institutional holding, with 25.16 million shares, is of Fortress Investment Group LLC’s that is approximately 12.06% of outstanding shares. At the market price on Jun 29, 2021, these shares were valued at $332.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of Vivint Smart Home Inc. (VVNT) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Jun 29, 2021 indicates that iShares Russell 2000 ETF owns about 2.1 million shares. This amounts to just over 1.01 percent of the company’s overall shares, with a $27.76 million market value. The same data shows that the other fund manager holds slightly less at 1.1 million, or about 0.53% of the stock, which is worth about $15.76 million.