During the last session, Viasat, Inc (NASDAQ:VSAT)’s traded shares were 1.71 million, with the beta value of the company hitting 1.32. At the end of the trading day, the stock’s price was $7.63, reflecting an intraday gain of 10.10% or $0.7. The 52-week high for the VSAT share is $29.11, that puts it down -281.52 from that peak though still a striking 12.32% gain since the share price plummeted to a 52-week low of $6.69. The company’s market capitalization is $979.65M, and the average intraday trading volume over the past 10 days was 3.24 million shares, and the average trade volume was 2.28 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 2.33. 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 0.05.
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Viasat, Inc (NASDAQ:VSAT) trade information
Viasat, Inc (VSAT) registered a 10.10% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 10.10% in intraday trading to $7.63, hitting a weekly high. The stock’s 5-day price performance is -1.29%, and it has moved by -25.85% in 30 days. Based on these gigs, the overall price performance for the year is -61.77%. The short interest in Viasat, Inc (NASDAQ:VSAT) is 19.02 million shares and it means that shorts have 10.29 day(s) to cover.
The consensus price target of analysts on Wall Street is $20.5, which implies an increase of 62.78% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $19 and $100 respectively. As a result, VSAT is trading at a discount of -1210.62% off the target high and -149.02% 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 down -48.06% during the last six months, with a year-to-date growth rate more than the industry average at 76.41% against 20.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -79.17% this quarter and then jump 122.92% in the quarter after that. In the rating firms’ projections, revenue will increase 5.64% 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 1.15B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.13B and 1.15B respectively. In this case, analysts expect current quarter sales to grow by 0.21% and then drop by -0.15% in the coming quarter.
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 -280.69% in 2024.
VSAT Dividends
Viasat, Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Viasat, Inc (NASDAQ:VSAT)’s Major holders
Viasat, Inc insiders own 9.70% of total outstanding shares while institutional holders control 86.89%, with the float percentage being 96.22%. BLACKROCK INC. is the largest shareholder of the company, while 304.0 institutions own stock in it. As of 2024-06-30, the company held over 14.76 million shares (or 12.5947% of all shares), a total value of $187.45 million in shares.
The next largest institutional holding, with 13.76 million shares, is of BAUPOST GROUP LLC/MA’s that is approximately 11.7412% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $174.74 million.
Also, the Mutual Funds coming in first place with the largest holdings of Viasat, Inc (VSAT) shares are iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Core S&P Smallcap ETF owns about 5.36 shares. This amounts to just over 4.17 percent of the company’s overall shares, with a $42.05 million market value. The same data shows that the other fund manager holds slightly less at 3.59, or about 2.79% of the stock, which is worth about $28.17 million.
