VIZIO Holding Corp (NYSE:VZIO) price on current trading day, remained unchanged to $11.12.
A look at the stock’s price movement, the level at last check in today’s session was $11.12, moving within a range at $11.11 and $11.13. The beta value (5-Year monthly) was 2.042 while the PE ratio in trailing twelve months stood at 148.86. Turning to its 52-week performance, $11.30 and $4.82 were the 52-week high and 52-week low respectively. Overall, VZIO moved 0.63% over the past month.
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VIZIO Holding Corp’s market cap currently stands at around $2.23 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-07.
Analysts have a consensus estimate of 447.23M for the company’s revenue for the quarter, with a low and high estimate of 433.99M and 465M respectively. The average forecast suggests up to a 4.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.79B, representing a 6.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VZIO is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 4 recommend VZIO as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VZIO’s current price about -0.48% and 0.62% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.04, while 7-day volatility ratio is 0.55% and 0.68% in the 30-day chart. Further, VIZIO Holding Corp (VZIO) has a beta value of 2.04, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $13, forecast between a low of $10 and high of $14. Looking at the price targets, the low is 10.07% off recent price level in today’s trading while to achieve the yearly target high, it has to move -25.9%. Nonetheless, investors will most likely welcome a -16.91% jump to $13 which is the analysts’ median price.
If we refocus on VIZIO Holding Corp (NYSE:VZIO), historical trading data shows that trading volumes averaged 1.96 over the past 10 days and 2.04 million over the past 3 months. The company’s latest data on shares outstanding shows there are 121.50 million shares.
The 61.51% of VIZIO Holding Corp’s shares are in the hands of company insiders while institutional holders own 42.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 21.45 million on 2024-08-30, giving us a short ratio of 11.75. The data shows that as of 2024-08-30 short interest in VIZIO Holding Corp (VZIO) stood at 2162.0000999999997 of shares outstanding, with shares short rising to 20.52 million registered in 2024-07-31. Current price change has pushed the stock 44.42% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VZIO stock continues to rise going into the next quarter.
