Can ViacomCBS Inc. (NASDAQ:VIAC) Be A Safe Investment Now?

ViacomCBS Inc. (NASDAQ:VIAC) shares, dropped in value on Wednesday, Apr 07, with the stock price down by -1.04% to the previous day’s close as weak demand from buyers trailed the stock to $43.89.

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Actively observing the price movement in the last trading, the stock closed the session at $44.35, falling within a range of $43.70 and $46.12. The value of beta (5-year monthly) was 1.73 whereas the PE ratio was 11.77 over 12-month period. Referring to stock’s 52-week performance, its high was $101.97, and the low was $14.39. On the whole, VIAC has fluctuated by -47.54% over the past month.

With the market capitalization of ViacomCBS Inc. currently standing at about $27.59 Billion, investors are eagerly awaiting this quarter’s results, scheduled for May 05, 2021- May 10, 2021. The company’s Forward Dividend Ratio is 0.96, with its dividend yield at 2.19%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.16, which is expected to decline to $4.2 for fiscal year 2021 and then to about $4.24 by fiscal year 2022. Data indicates that the EPS growth is expected to be -0.04% in 2021, while the next year’s EPS growth is forecast to be 0.05%.

Analysts have estimated the company’s revenue for the quarter at $7.3 Billion, with a low estimate of $6.93 Billion and a high estimate of $7.72 Billion. According to the average forecast, sales growth in current quarter could jump up +9.4%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2021, the company’s y-o-y revenues would reach $27.79 Billion, representing an increase of 9.9% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that VIAC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.

28 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 11 analyst(s), 6 recommend it as a Buy and 1 called the VIAC stock Outperform. In the meantime, 2 analyst(s) believe the stock as Underperform and 8 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Hold.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VIAC currently trading nearly -40.19% and -32.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.37, while the 7-day volatility ratio is showing 6.45% which for the 30-day chart, stands at 10.84%. Furthermore, ViacomCBS Inc. (VIAC)’s beta value is 1.73, and its average true range (ATR) is 6.24. The company’s stock has been forecasted to trade at an average price of $58.26 over the course of the next 52 weeks, with a low of $23 and a high of $120. Based on these price targets, the low is -47.6 off current price, whereas the price has to move +173.41% to reach the yearly target high. Additionally, analysts’ median price of $55 is likely to be welcomed by investors because it represents an increase of +25.31% from the current levels.

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Data on historical trading for ViacomCBS Inc. (NASDAQ:VIAC) indicates that the trading volumes over the past 10 days have averaged 128.99 Million and over the past 3 months, they’ve averaged 31.95 Million. According to company’s latest data on outstanding shares, there are 587.54 Million shares outstanding.

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Nearly 3.7% of ViacomCBS Inc.’s shares belong to company insiders and institutional investors own 88.79% of the company’s shares, according to Thomson Reuters’ data. The data on short interest also indicates that stock shorts accounted for 102.56 Million shares as on March 14, 2021, resulting in a short ratio of 5.22. According to the data, the short interest in ViacomCBS Inc. (VIAC) stood at 16.55% of shares outstanding as of March 14, 2021; the number of short shares registered in February reached 100.76 Million. The stock has risen by +17.79% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VIAC stock heading into the next quarter.

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