During the last session, Viasat, Inc. (NASDAQ:VSAT)’s traded shares were 8.34 million, with the beta value of the company hitting 1.38. At the end of the trading day, the stock’s price was $24.49, reflecting an intraday gain of 37.82% or $6.72. The 52-week high for the VSAT share is $31.83, that puts it down -29.97 from that peak though still a striking 51.98% gain since the share price plummeted to a 52-week low of $11.76. The company’s market capitalization is $3.13B, and the average intraday trading volume over the past 10 days was 1.61 million shares, and the average trade volume was 2.05 million shares over the past three months.
Viasat, Inc. (VSAT) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.11. VSAT has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.46.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Viasat, Inc. (NASDAQ:VSAT) trade information
Viasat, Inc. (VSAT) registered a 37.82% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 37.82% in intraday trading to $24.49, hitting a weekly high. The stock’s 5-day price performance is 30.40%, and it has moved by 65.81% in 30 days. Based on these gigs, the overall price performance for the year is -16.56%. The short interest in Viasat, Inc. (NASDAQ:VSAT) is 16.3 million shares and it means that shorts have 6.06 day(s) to cover.
The consensus price target of analysts on Wall Street is $28, which implies an increase of 12.54% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $22 and $100 respectively. As a result, VSAT is trading at a discount of -308.33% off the target high and 10.17% off the low.
Viasat, Inc. (VSAT) estimates and forecasts
Statistics show that Viasat, Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Viasat, Inc. (VSAT) shares have gone up 31.38% during the last six months, with a year-to-date growth rate more than the industry average at 83.83% against 1.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 44.60% this quarter and then jump 93.70% in the quarter after that. In the rating firms’ projections, revenue will increase 5.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.13B as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 1.11B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -51.58%. While earnings are projected to return -83.21% in 2024.
Viasat, Inc. (NASDAQ:VSAT)’s Major holders
Viasat, Inc. insiders own 11.91% of total outstanding shares while institutional holders control 85.08%, with the float percentage being 96.58%. BAUPOST GROUP LLC/MA is the largest shareholder of the company, while 303.0 institutions own stock in it. As of 2024-03-31, the company held over 15.03 million shares (or 12.0153% of all shares), a total value of $271.91 million in shares.
The next largest institutional holding, with 12.53 million shares, is of VANGUARD GROUP INC’s that is approximately 10.0181% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $226.71 million.
