Viavi Solutions Inc (VIAV) concluded trading on Wednesday at a closing price of $6.66, with 4.4 million shares of worth about $29.3 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.11% during that period and on June 26, 2024 the price saw a loss of about -6.20%. Currently the company’s common shares owned by public are about 222.00M shares, out of which, 220.19M shares are available for trading.
Stock saw a price change of -11.55% in past 5 days and over the past one month there was a price change of -9.88%. Year-to-date (YTD), VIAV shares are showing a performance of -33.86% which decreased to -37.17% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.06 but also hit the highest price of $11.65 during that period. The average intraday trading volume for Viavi Solutions Inc shares is 1.55 million. The stock is currently trading -10.44% below its 20-day simple moving average (SMA20), while that difference is down -12.83% for SMA50 and it goes to -23.85% lower than SMA200.
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Viavi Solutions Inc (NASDAQ: VIAV) currently have 222.00M outstanding shares and institutions hold larger chunk of about 96.98% of that.
The stock has a current market capitalization of $1.49B and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$0.02 in the same period. It has Quick Ratio of 3.35 while making debt-to-equity ratio of 0.97. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for VIAV, volatility over the week remained 3.56% while standing at 2.84% over the month.
Stock’s fiscal year EPS is expected to drop by -41.50% while it is estimated to increase by 44.91% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Rosenblatt on Jun-27-24 offering a Neutral rating for the stock and assigned a target price of $8.25 to it. Coverage by Susquehanna stated Viavi Solutions Inc (VIAV) stock as a Neutral in their note to investors on May 03, 2024, suggesting a price target of $9 for the stock. On February 12, 2024, Stifel Upgrade their recommendations, while on December 02, 2022, Stifel Initiated their ratings for the stock with a price target of $12. Stock get a Neutral rating from B. Riley Securities on November 04, 2022.
