On Tuesday, Verisign Inc (NASDAQ: VRSN) opened lower -2.34% from the last session, before settling in for the closing price of $192.49. Price fluctuations for VRSN have ranged from $167.04 to $220.91 over the past 52 weeks.
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A company in the Technology sector has jumped its sales by 4.23% annually for the last half of the decade. Company’s average yearly earnings per share was noted 1.20% at the time writing. With a float of $95.12 million, this company’s outstanding shares have now reached $96.40 million.
In an organization with 908 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 87.58%, operating margin of 68.12%, and the pretax margin is 66.48%.
Verisign Inc (VRSN) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Verisign Inc is 1.02%, while institutional ownership is 94.29%. The most recent insider transaction that took place on Dec 02 ’24, was worth 402,573. In this transaction EVP – Technology & CSO of this company sold 2,092 shares at a rate of $192.43, taking the stock ownership to the 26,157 shares. Before that another transaction happened on Dec 02 ’24, when Company’s Officer proposed sale 2,092 for $192.43, making the entire transaction worth $402,573.
Verisign Inc (VRSN) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 2.6 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 1.86) by 0.74. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 1.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 10.71% growth over the previous five years of trading.
Verisign Inc (NASDAQ: VRSN) Trading Performance Indicators
Check out the current performance indicators for Verisign Inc (VRSN). In the past quarter, the stock posted a quick ratio of 0.47. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.71. Likewise, its price to free cash flow for the trailing twelve months is 21.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.60, a number that is poised to hit 2.00 in the next quarter and is forecasted to reach 8.55 in one year’s time.
Technical Analysis of Verisign Inc (VRSN)
Let’s dig in a bit further. During the last 5-days, its volume was 0.79 million. That was better than the volume of 0.66 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 67.08%. Additionally, its Average True Range was 4.24.
During the past 100 days, Verisign Inc’s (VRSN) raw stochastic average was set at 68.46%, which indicates a significant increase from 61.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.26% in the past 14 days, which was higher than the 21.36% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $184.55, while its 200-day Moving Average is $182.15. However, in the short run, Verisign Inc’s stock first resistance to watch stands at $191.04. Second resistance stands at $194.09. The third major resistance level sits at $195.70. If the price goes on to break the first support level at $186.38, it is likely to go to the next support level at $184.77. Assuming the price breaks the second support level, the third support level stands at $181.72.
Verisign Inc (NASDAQ: VRSN) Key Stats
There are currently 96,100K shares outstanding in the company with a market cap of 18.07 billion. Presently, the company’s annual sales total 1,493 M according to its annual income of 817,600 K. Last quarter, the company’s sales amounted to 390,600 K and its income totaled 201,300 K.
