1.53% percent quarterly performance for VIZIO Holding Corp (VZIO) is not indicative of the underlying story

VIZIO Holding Corp (NYSE: VZIO) on Monday, soared 0.27% from the previous trading day, before settling in for the closing price of $11.27. Within the past 52 weeks, VZIO’s price has moved between $6.45 and $11.37.

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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%. The company achieved an average annual earnings per share of -146.43%. With a float of $78.32 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 22.09%, operating margin of -1.35%, and the pretax margin is -0.21%.

VIZIO Holding Corp (VZIO) Insider Activity

Observing investor behavior towards Consumer Electronics industry stocks is more important than anything else. The insider ownership of VIZIO Holding Corp is 61.33%, while institutional ownership is 53.03%. 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) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -146.43% per share during the next fiscal year.

VIZIO Holding Corp (NYSE: VZIO) Trading Performance Indicators

VIZIO Holding Corp (VZIO) is currently performing well based on its current performance indicators. A quick ratio of 1.56 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 1.34. Likewise, its price to free cash flow for the trailing twelve months is 245.26.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.01, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.12 in one year’s time.

Technical Analysis of VIZIO Holding Corp (VZIO)

Compared to the last year’s volume of 2.45 million, its volume of 3.55 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 52.61%. Additionally, its Average True Range was 0.10.

During the past 100 days, VIZIO Holding Corp’s (VZIO) raw stochastic average was set at 90.79%, which indicates a significant increase from 78.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 10.54% in the past 14 days, which was higher than the 7.48% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $11.21, while its 200-day Moving Average is $10.83. Nevertheless, the first resistance level for the watch stands at $11.36 in the near term. At $11.42, the stock is likely to face the second major resistance level. The third major resistance level sits at $11.47. If the price goes on to break the first support level at $11.25, it is likely to go to the next support level at $11.20. Should the price break the second support level, the third support level stands at $11.14.

VIZIO Holding Corp (NYSE: VZIO) Key Stats

Market capitalization of the company is 2.33 billion based on 200,923K outstanding shares. Right now, sales total 1,680 M and income totals 28,200 K. The company made 444,700 K in profit during its latest quarter, and 500 K in sales during its previous quarter.