Vivid Seats Inc (NASDAQ:SEAT) shares, rose in value, with the stock price up by 3.45% to the previous day’s close as strong demand from buyers drove the stock to $3.90.
Actively observing the price movement in the last trading, the stock closed the session at $3.77, falling within a range of $3.77 and $3.9589. The value of beta (5-year monthly) was 1.267. Referring to stock’s 52-week performance, its high was $8.80, and the low was $3.36. On the whole, SEAT has fluctuated by -1.52% over the past month.
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With the market capitalization of Vivid Seats Inc currently standing at about $514.25 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 811.28M, with a low estimate of 179.5M and a high estimate of 203.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 189.62M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SEAT’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SEAT currently trading nearly 4.40% and -4.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.90, while the 7-day volatility ratio is showing 4.81% which for the 30-day chart, stands at 5.25%. Furthermore, Vivid Seats Inc (SEAT)’s beta value is 1.27, and its average true range (ATR) is 0.20.
A comparison of Vivid Seats Inc (SEAT) with its peers suggests the former has fared considerably weaker in the market. SEAT showed an intraday change of 3.45% in last session, and over the past year, it shrunk by -42.31%%.
Data on historical trading for Vivid Seats Inc (NASDAQ:SEAT) indicates that the trading volumes over the past 10 days have averaged 1.21 and over the past 3 months, they’ve averaged 1.48 million. According to company’s latest data on outstanding shares, there are 133.88 million shares outstanding.
Nearly 46.24% of Vivid Seats Inc’s shares belong to company insiders and institutional investors own 52.37% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.72 million shares as on 2024-09-30, resulting in a short ratio of 9.84. According to the data, the short interest in Vivid Seats Inc (SEAT) stood at 3568.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 11.88 million. The stock has fallen by -38.29% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SEAT stock heading into the next quarter.
