Could Viasat, Inc. (VSAT)’s Current Volatility Hinder Its Future Potential?

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Viasat, Inc. (NASDAQ:VSAT) has a beta value of 1.28 and has seen 2.31 million shares traded in the last trading session. The company, currently valued at $2.92B, closed the last trade at $22.82 per share which meant it lost -$1.67 on the day or -6.82% during that session. The VSAT stock price is -39.48% off its 52-week high price of $31.83 and 48.47% above the 52-week low of $11.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.13 million shares traded. The 3-month trading volume is 2.17 million shares.

The consensus among analysts is that Viasat, Inc. (VSAT) is Buy stock at the moment, with a recommendation rating of 2.11. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.35.

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Viasat, Inc. (NASDAQ:VSAT) trade information

Sporting -6.82% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the VSAT stock price touched $22.82 or saw a rise of 14.53%. Year-to-date, Viasat, Inc. shares have moved -18.35%, while the 5-day performance has seen it change 22.42%. Over the past 30 days, the shares of Viasat, Inc. (NASDAQ:VSAT) have changed 47.42%. Short interest in the company has seen 16.3 million shares shorted with days to cover at 6.06.

Wall Street analysts have a consensus price target for the stock at $28, which means that the shares’ value could jump 18.5% from current levels. The projected low price target is $22.0 while the price target rests at a high of $100.0. In that case, then, we find that the current price level is -338.21% off the targeted high while a plunge would see the stock lose 3.59% from current levels.

Viasat, Inc. (VSAT) estimates and forecasts

Figures show that Viasat, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 16.01% over the past 6 months, with this year growth rate of 83.83%, compared to 1.70% for the industry. Revenue growth from the last financial year stood is estimated to be 5.50%.

7 analysts offering their estimates for the company have set an average revenue estimate of 1.11B for the current quarter. 7 have an estimated revenue figure of 1.14B for the next ending quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -51.58% over the past 5 years.

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

Insiders own 11.91% of the company shares, while shares held by institutions stand at 85.30% with a share float percentage of 96.83%. Investors are also buoyed by the number of investors in a company, with Viasat, Inc. having a total of 303.0 institutions that hold shares in the company. The top two institutional holders are BAUPOST GROUP LLC/MA with over 15.03 million shares worth more than $271.91 million. As of 2024-03-31, BAUPOST GROUP LLC/MA held 12.0153% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 12.53 million shares as of 2024-03-31. The firm’s total holdings are worth over $226.71 million and represent 10.0181% of shares outstanding.