Viomi Technology Co., Ltd (NASDAQ:VIOT) concluded the trading at $7.4 on Friday, Jan 22, with a fall of -0.8% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $7.46 and 5Y monthly beta was reading 0 with its price kept floating in the range of $7.07 and $7.66 on the day. Company’s P/E ratio for the trailing 12 months is 22.7. Considering stock’s 52-week price range provides that VIOT hit a high price of $8.84 and saw its price falling to a low level of $4.2 during that period. Over a period of past 1-month, stock came adding 32.38% in its value.
With its current market valuation of $457.02 Million, Viomi Technology Co., Ltd is set to declare its quarterly results on November 25, 2020. VIOT Stock’s Forward Dividend of 0 and its yield of 0% are making investors’ thoughts stronger that it could fall further before the company announces its earnings for the current quarter. Analysts are in estimates of $0.15 per share for company’s earnings in the current quarter and are expecting its annual EPS growth moving down to $0.45 for 2021 with estimates of that growing to $0.66 in next year. These estimates are suggesting current year growth of -0.32% for EPS and 0.47% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $306.96 Million. They suggested that in the process company could generate revenue of as low as $306.96 Million which could climb up to $306.96 Million to hit a high. The average estimate is representing an increase of 24.5% in sales growth from that of posted by the company in the same quarter of last year. In keeping analyst consensus estimate with, company is forecasted to be making an annual revenue of $928.03 Million in 2021, which will be +39.7% more from revenue generated by the company last year.
In contrast, when we review VIOT stock’s current outlook then short term indicators are assigning it an average of 25% Buy, while medium term indicators are categorizing the stock at an average of 50% Sell. Long term indicators are suggesting an average of 50% Buy for it.
According to ratings assigned by 2 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; none of them are recommending Viomi Technology Co., Ltd (VIOT) as a Hold, while 2 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas none of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Buy and that encourages the investors to exploit the opportunity and build their stake up in the company.
In comparing Viomi Technology Co., Ltd (VIOT)’s stock with other industry players reveals that stock’s current price change of -0.8% and that of -10.09% over the past 12 months is in competing position with that of Alphabet Cl C (GOOG) which saw its stock price raised by 0.52% in the last trading and went through an increase of 27.87% in past 12-month trading. Industry’s another major player Alphabet Cl A (GOOGL) has jumped 0.45% up in previous session, but over the past year has faced a rise of 27.47%, while Facebook Inc (FB) was also down -0.8% however its price remained floating in the red at -10.09% over the same period. Viomi Technology Co., Ltd has a P/E ratio of 22.7 against that of Alphabet Cl C’s 36.73 while Alphabet Cl A is showing 36.57 for the same. On the other hand, the S&P 500 Index was down -0.3% in the last trading session while the Dow Jones Industrial closed the session lower at -0.57%.
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Having a second look at Viomi Technology Co., Ltd (NASDAQ:VIOT) provides that stock’s average daily trading volume for 3 months was 239.93 Million, while it jumped to 537.57 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock stood at 69.48 Million.
Data compiled by Thomson Reuters highlights that percentage of outstanding shares held by the insiders is 2.57% while it is 32.88% for the institutional holders. The figures also indicate that as of December 30, 2020, number of stock’s short shares was 146000000 which implies a short ratio of 0.83. This shows up a 0.21% of Short Interest in company’s outstanding shares on the day. In December the standing of shares short improved as it was 95.25 Million in the previous month. Addition of +43.69% by stock’s current price to its year-to-date value in last trading session is likely to be increasing investors’ interest in the stock as it is hinting an extended uptrend.
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