Viavi Solutions Inc (NASDAQ: VIAV) on Tuesday, plunged -3.01% from the previous trading day, before settling in for the closing price of $10.63. Within the past 52 weeks, VIAV’s price has moved between $6.60 and $11.32.
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A company in the Technology sector has dropped its sales by -2.03% annually for the last half of the decade. The company achieved an average annual earnings per share of 15.91%. With a float of $218.43 million, this company’s outstanding shares have now reached $222.00 million.
In an organization with 3600 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 57.01%, operating margin of 3.05%, and the pretax margin is 0.04%.
Viavi Solutions Inc (VIAV) Insider and Institutional Ownership
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. The insider ownership of Viavi Solutions Inc is 1.52%, while institutional ownership is 95.02%. The most recent insider transaction that took place on Oct 14 ’24, was worth 137,550. In this transaction Director of this company sold 15,000 shares at a rate of $9.17, taking the stock ownership to the 213,514 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Director proposed sale 15,000 for $9.17, making the entire transaction worth $137,540.
Viavi Solutions Inc (VIAV) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 15.91% per share during the next fiscal year.
Viavi Solutions Inc (NASDAQ: VIAV) Trading Performance Indicators
Viavi Solutions Inc (VIAV) is currently performing well based on its current performance indicators. A quick ratio of 3.31 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.31. Likewise, its price to free cash flow for the trailing twelve months is 38.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Viavi Solutions Inc (VIAV)
Let’s dig in a bit further. During the last 5-days, its volume was 2.22 million. That was better than the volume of 1.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 86.61%. Additionally, its Average True Range was 0.32.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 90.05%, which indicates a significant increase from 74.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.09% in the past 14 days, which was higher than the 37.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.06, while its 200-day Moving Average is $8.50. However, in the short run, Viavi Solutions Inc’s stock first resistance to watch stands at $10.55. Second resistance stands at $10.80. The third major resistance level sits at $10.93. If the price goes on to break the first support level at $10.17, it is likely to go to the next support level at $10.04. The third support level lies at $9.79 if the price breaches the second support level.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
Market capitalization of the company is 2.29 billion based on 221,813K outstanding shares. Right now, sales total 1,000 M and income totals -25,800 K. The company made 238,200 K in profit during its latest quarter, and -1,800 K in sales during its previous quarter.
