In the last trading session, 1.99 million Viasat, Inc. (NASDAQ:VSAT) shares changed hands as the company’s beta touched 1.35. With the company’s per share price at $10.79 changed hands at -$0.33 or -2.97% during last session, the market valuation stood at $1.38B. VSAT’s last price was a discount, traded about -169.79% off its 52-week high of $29.11. The share price had its 52-week low at $10.40, which suggests the last value was 3.61% up since then. When we look at Viasat, Inc.’s average trading volume, we note the 10-day average is 2.06 million shares, with the 3-month average coming to 2.27 million.
Analysts gave the Viasat, Inc. (VSAT) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.25. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VSAT as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Viasat, Inc.’s EPS for the current quarter is expected to be -0.54.
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Viasat, Inc. (NASDAQ:VSAT) trade information
Instantly VSAT was in red as seen at the end of in last trading. With action -1.28%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -61.40%, with the 5-day performance at -1.28% in the red. However, in the 30-day time frame, Viasat, Inc. (NASDAQ:VSAT) is -15.51% down. Looking at the short shares, we see there were 14.96 million shares sold at short interest cover period of 6.0 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20.5, meaning bulls need an upside of 47.37% from its current market value. According to analyst projections, VSAT’s forecast low is 19 with 100 as the target high. To hit the forecast high, the stock’s price needs a -826.78% plunge from its current level, while the stock would need to soar -76.09% for it to hit the projected low.
Viasat, Inc. (VSAT) estimates and forecasts
Data shows that the Viasat, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -30.43% over the past 6 months, a 84.05% in annual growth rate that is considerably higher than the industry average of 5.20%. Year-over-year growth is forecast to reach 6.00% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 1.11B. 7 analysts are of the opinion that Viasat, Inc.’s revenue for the current quarter will be 1.15B.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -51.58%. The 2024 estimates are for Viasat, Inc. earnings to decrease by -91.38%.
VSAT Dividends
Viasat, Inc. is expected to release its next quarterly earnings report in November.
Viasat, Inc. (NASDAQ:VSAT)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.75% of Viasat, Inc. shares while 83.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 92.74%. There are 83.70% institutions holding the Viasat, Inc. stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.5947% of the shares, roughly 14.76 million VSAT shares worth $187.45 million.
BAUPOST GROUP LLC/MA holds the second largest percentage of outstanding shares, with 11.7412% or 13.76 million shares worth $174.74 million as of 2024-06-30.
