Verisign Inc. (VRSN) 20 Days SMA touches 0.49%: The odds favor the bear

On Tuesday, Verisign Inc. (NASDAQ: VRSN) opened higher 1.10% from the last session, before settling in for the closing price of $189.34. Price fluctuations for VRSN have ranged from $185.19 to $229.72 over the past 52 weeks.

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Technology Sector giant saw their annual sales surged by 4.23% over the last five years. Company’s average yearly earnings per share was noted -0.62% at the time writing. With a float of $99.94 million, this company’s outstanding shares have now reached $101.30 million.

The firm has a total of 908 workers. Let’s measure their productivity.

Verisign Inc. (VRSN) Insider Activity

A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Verisign Inc. is 0.96%, while institutional ownership is 94.27%. The most recent insider transaction that took place on Mar 12 ’24, was worth 117,923. In this transaction EVP, Gen Counsel & Secretary of this company sold 613 shares at a rate of $192.37, taking the stock ownership to the 43,183 shares. Before that another transaction happened on Mar 05 ’24, when Company’s EVP, Gen Counsel & Secretary sold 613 for $192.05, making the entire transaction worth $117,727. This insider now owns 43,796 shares in total.

Verisign Inc. (VRSN) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $1.92 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $1.86) by $0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.94 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -0.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 10.71% growth over the previous five years of trading.

Verisign Inc. (NASDAQ: VRSN) Trading Performance Indicators

Check out the current performance indicators for Verisign Inc. (VRSN). In the past quarter, the stock posted a quick ratio of 0.83. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 12.94. Likewise, its price to free cash flow for the trailing twelve months is 23.90.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 7.91, a number that is poised to hit 1.86 in the next quarter and is forecasted to reach 8.80 in one year’s time.

Technical Analysis of Verisign Inc. (VRSN)

Analysing the last 5-days average volume posted by the [Verisign Inc., VRSN], we can find that recorded value of 0.62 million was better than the volume posted last year of 0.57 million. As of the previous 9 days, the stock’s Stochastic %D was 62.74%. Additionally, its Average True Range was 2.78.

During the past 100 days, Verisign Inc.’s (VRSN) raw stochastic average was set at 17.44%, which indicates a significant decrease from 79.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.64% in the past 14 days, which was lower than the 15.84% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $194.96, while its 200-day Moving Average is $205.06. Now, the first resistance to watch is $192.63. This is followed by the second major resistance level at $193.83. The third major resistance level sits at $195.44. If the price goes on to break the first support level at $189.82, it is likely to go to the next support level at $188.21. Should the price break the second support level, the third support level stands at $187.01.

Verisign Inc. (NASDAQ: VRSN) Key Stats

There are currently 100,900K shares outstanding in the company with a market cap of 19.31 billion. Presently, the company’s annual sales total 1,493 M according to its annual income of 817,600 K. Last quarter, the company’s sales amounted to 380,400 K and its income totaled 264,700 K.