On Friday, Viavi Solutions Inc (NASDAQ: VIAV) was -7.12% drop from the session before settling in for the closing price of $7.86. A 52-week range for VIAV has been $6.60 – $11.32.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales drop of Technology Sector giant was -2.19%. When this article was written, the company’s average yearly earnings per share was at 15.15%. 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) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Viavi Solutions Inc stocks. The insider ownership of Viavi Solutions Inc is 1.36%, while institutional ownership is 97.37%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.11 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.15% per share during the next fiscal year.
Viavi Solutions Inc (NASDAQ: VIAV) Trading Performance Indicators
You can see what Viavi Solutions Inc (VIAV) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 3.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.63. Likewise, its price to free cash flow for the trailing twelve months is 17.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.56 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 2.04 million, which is a jump from its year-to-date volume of 1.88 million. As of the previous 9 days, the stock’s Stochastic %D was 41.26%. Additionally, its Average True Range was 0.33.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 20.90%, which indicates a significant decrease from 22.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 51.76% in the past 14 days, which was higher than the 33.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.43, while its 200-day Moving Average is $8.52. However, in the short run, Viavi Solutions Inc’s stock first resistance to watch stands at $7.70. Second resistance stands at $8.09. The third major resistance level sits at $8.42. If the price goes on to break the first support level at $6.98, it is likely to go to the next support level at $6.65. Should the price break the second support level, the third support level stands at $6.26.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
There are 223,238K outstanding shares of the company, which has a market capitalization of 1.63 billion. As of now, sales total 1,106 M while income totals 25,500 K. Its latest quarter income was 246,000 K while its last quarter net income were -24,600 K.
