Let’s look at the key reasons that are pushing VIZIO Holding Corp (VZIO) to new highs

VIZIO Holding Corp (NYSE: VZIO) kicked off on Monday, down -0.27% from the previous trading day, before settling in for the closing price of $11.15. Over the past 52 weeks, VZIO has traded in a range of $4.82-$11.28.

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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -0.75%. While this was happening, its average annual earnings per share was recorded -152.68%. With a float of $75.95 million, this company’s outstanding shares have now reached $121.50 million.

Considering the fact that the conglomerate employs 900 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 21.6%, operating margin of -0.3%, and the pretax margin is 0.75%.

VIZIO Holding Corp (VZIO) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Consumer Electronics Industry. The insider ownership of VIZIO Holding Corp is 62.20%, while institutional ownership is 42.22%. The most recent insider transaction that took place on Aug 21 ’24, was worth 28,445. In this transaction an insider of this company sold 2,555 shares at a rate of $11.13, taking the stock ownership to the 602,364 shares. Before that another transaction happened on Aug 21 ’24, when Company’s Officer proposed sale 2,555 for $11.13, making the entire transaction worth $28,446.

VIZIO Holding Corp (VZIO) Recent Fiscal highlights

In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.07 earnings per share (EPS), higher than consensus estimate (set at 0.01) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.0 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -152.68% per share during the next fiscal year.

VIZIO Holding Corp (NYSE: VZIO) Trading Performance Indicators

Take a look at VIZIO Holding Corp’s (VZIO) current performance indicators. Last quarter, stock had a quick ratio of 1.60. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 2793.20.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.07, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach 0.18 in one year’s time.

Technical Analysis of VIZIO Holding Corp (VZIO)

Compared to the last year’s volume of 2.46 million, its volume of 1.33 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.38%. Additionally, its Average True Range was 0.09.

During the past 100 days, VIZIO Holding Corp’s (VZIO) raw stochastic average was set at 88.89%, which indicates a significant increase from 64.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 6.54% in the past 14 days, which was lower than the 8.89% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $10.93, while its 200-day Moving Average is $9.63. Nevertheless, the first resistance level for the watch stands at $11.15 in the near term. At $11.19, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.22. If the price goes on to break the first support level at $11.09, it is likely to go to the next support level at $11.06. Now, if the price goes above the second support level, the third support stands at $11.02.

VIZIO Holding Corp (NYSE: VZIO) Key Stats

The company with the Market Capitalisation of 2.23 billion has total of 197,946K Shares Outstanding. Its annual sales at the moment are 1,680 M in contrast with the sum of 28,200 K annual income. Company’s last quarter sales were recorded 437,300 K and last quarter income was 200 K.