Viavi Solutions Inc (NASDAQ: VIAV) kicked off on Tuesday, down -0.89% from the previous trading day, before settling in for the closing price of $7.90. Over the past 52 weeks, VIAV has traded in a range of $6.60-$11.32.
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During the last 5-year period, the sales drop of Technology Sector giant was -0.14%. While this was happening, its average annual earnings per share was recorded -41.50%. With a float of $220.19 million, this company’s outstanding shares have now reached $222.00 million.
Let’s determine the extent of company efficiency that accounts for 3600 employees.
Viavi Solutions Inc (VIAV) Breakdown of a Key Holders of the stock
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Viavi Solutions Inc is 1.36%, while institutional ownership is 97.14%. The most recent insider transaction that took place on May 29 ’24, was worth 50,005. In this transaction EVP, Chief Mktg & Stgy Officer of this company sold 6,822 shares at a rate of $7.33, taking the stock ownership to the 42,955 shares. Before that another transaction happened on May 10 ’24, when Company’s EVP, Chief Mktg & Stgy Officer sold 4,762 for $7.35, making the entire transaction worth $35,001. This insider now owns 49,777 shares in total.
Viavi Solutions Inc (VIAV) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -41.50% per share during the next fiscal year.
Viavi Solutions Inc (NASDAQ: VIAV) Trading Performance Indicators
Take a look at Viavi Solutions Inc’s (VIAV) current performance indicators. Last quarter, stock had a quick ratio of 3.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.73. Likewise, its price to free cash flow for the trailing twelve months is 19.29.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.02, a number that is poised to hit 0.07 in the next quarter and is forecasted to reach 0.47 in one year’s time.
Technical Analysis of Viavi Solutions Inc (VIAV)
Looking closely at Viavi Solutions Inc (NASDAQ: VIAV), its last 5-days average volume was 1.08 million, which is a drop from its year-to-date volume of 1.88 million. As of the previous 9 days, the stock’s Stochastic %D was 84.35%. Additionally, its Average True Range was 0.22.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 27.46%, which indicates a significant decrease from 84.47% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.39% in the past 14 days, which was lower than the 30.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.42, while its 200-day Moving Average is $8.53. However, in the short run, Viavi Solutions Inc’s stock first resistance to watch stands at $7.92. Second resistance stands at $8.02. The third major resistance level sits at $8.09. If the price goes on to break the first support level at $7.76, it is likely to go to the next support level at $7.69. Now, if the price goes above the second support level, the third support stands at $7.59.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
The company with the Market Capitalisation of 1.75 billion has total of 223,238K Shares Outstanding. Its annual sales at the moment are 1,106 M in contrast with the sum of 25,500 K annual income. Company’s last quarter sales were recorded 246,000 K and last quarter income was -24,600 K.
