Viasat, Inc (NASDAQ:VSAT) Shares Are Up 1.16% From The Lows, But Can They Stay Up?

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In last trading session, Viasat, Inc (NASDAQ:VSAT) saw 5.36 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $9.48 trading at -$0.8 or -7.78% at ring of the bell on the day assigns it a market valuation of $1.21B. That closing price of VSAT’s stock is at a discount of -207.07% from its 52-week high price of $29.11 and is indicating a premium of 1.16% from its 52-week low price of $9.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.09 million shares which gives us an average trading volume of 2.33 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 2.33. 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. The company is expected to be making an EPS of -0.37 in the current quarter.

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Viasat, Inc (NASDAQ:VSAT) trade information

Upright in the red during last session for losing -7.78%, in the last five days VSAT remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $9.48 price level, adding 15.13% to its value on the day. Viasat, Inc’s shares saw a change of -66.08% in year-to-date performance and have moved -1.25% in past 5-day. Viasat, Inc (NASDAQ:VSAT) showed a performance of -15.81% in past 30-days. Number of shares sold short was 15.91 million shares which calculate 6.65 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 20.5 to the stock, which implies a rise of 53.76% to its current value. Analysts have been projecting 19 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 -100.42% in reaching the projected high whereas dropping to the targeted low would mean a loss of -100.42% 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 -45.77% of value to its shares in past 6 months, showing an annual growth rate of 83.83% while that of industry is -3.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 5.90% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.15B for the same. And 7 analysts are in estimates of company making revenue of 1.16B in the next quarter.

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.

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

Insiders are in possession of 9.75% of company’s total shares while institution are holding 83.53 percent of that, with stock having share float percentage of 92.55%. Investors also watch the number of corporate investors in a company very closely, which is 83.53% institutions for Viasat, Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at VSAT for having 14.76 million shares of worth $187.45 million. And as of 2024-06-30, it was holding 12.5947 of the company’s outstanding shares.

The second largest institutional holder is BAUPOST GROUP LLC/MA, which was holding about 13.76 million shares on 2024-06-30. The number of shares represents firm’s hold over 11.7412 of outstanding shares, having a total worth of $174.74 million.