Analysts Predict Viasat, Inc. (NASDAQ:VSAT) To Reach 100 In 12 Months

In last trading session, Viasat, Inc. (NASDAQ:VSAT) saw 2.75 million shares changing hands with its beta currently measuring 1.33. Company’s recent per share price level of $18.88 trading at $2.12 or 12.65% at ring of the bell on the day assigns it a market valuation of $2.38B. That closing price of VSAT’s stock is at a discount of -68.59% from its 52-week high price of $31.83 and is indicating a premium of 37.71% from its 52-week low price of $11.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.26 million shares which gives us an average trading volume of 1.97 million if we extend that period to 3-months.

For Viasat, Inc. (VSAT), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.11. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.

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Viasat, Inc. (NASDAQ:VSAT) trade information

Upright in the green during last session for gaining 12.65%, in the last five days VSAT remained trading in the green while hitting it’s week-highest on Thursday, 07/25/24 when the stock touched $18.88 price level, adding 2.58% to its value on the day. Viasat, Inc.’s shares saw a change of -32.45% in year-to-date performance and have moved 17.85% in past 5-day. Viasat, Inc. (NASDAQ:VSAT) showed a performance of 56.81% in past 30-days. Number of shares sold short was 16.3 million shares which calculate 6.06 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 28 to the stock, which implies a rise of 32.57% to its current value. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would drop -16.53% in reaching the projected high whereas dropping to the targeted low would mean a loss of -16.53% for stock’s current value.

Viasat, Inc. (VSAT) estimates and forecasts

Statistics highlight that Viasat, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -17.73% of value to its shares in past 6 months, showing an annual growth rate of 83.83% while that of industry is 2.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -51.58% during past 5 years.

VSAT Dividends

Viasat, Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Viasat, Inc. (NASDAQ:VSAT)’s Major holders

Insiders are in possession of 11.95% of company’s total shares while institution are holding 86.17 percent of that, with stock having share float percentage of 97.87%. Investors also watch the number of corporate investors in a company very closely, which is 86.17% institutions for Viasat, Inc. that are currently holding shares of the company. BAUPOST GROUP LLC/MA is the top institutional holder at VSAT for having 15.03 million shares of worth $271.91 million. And as of 2024-03-31, it was holding 12.0153 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 12.53 million shares on 2024-03-31. The number of shares represents firm’s hold over 10.0181 of outstanding shares, having a total worth of $226.71 million.