Viavi Solutions Inc (VIAV) concluded trading on Thursday at a closing price of $11.11, with 2.79 million shares of worth about $31.0 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 49.53% during that period and on December 12, 2024 the price saw a gain of about 5.61%. Currently the company’s common shares owned by public are about 222.00M shares, out of which, 218.36M shares are available for trading.
Stock saw a price change of 6.93% in past 5 days and over the past one month there was a price change of 7.76%. Year-to-date (YTD), VIAV shares are showing a performance of 10.33% which increased to 24.69% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.60 but also hit the highest price of $11.32 during that period. The average intraday trading volume for Viavi Solutions Inc shares is 1.58 million. The stock is currently trading 8.83% above its 20-day simple moving average (SMA20), while that difference is up 13.58% for SMA50 and it goes to 29.56% higher than SMA200.
Viavi Solutions Inc (NASDAQ: VIAV) currently have 222.00M outstanding shares and institutions hold larger chunk of about 94.29% of that.
The stock has a current market capitalization of $2.46B and its 3Y-monthly beta is at 0.92. It has posted earnings per share of -$0.17 in the same period. It has Quick Ratio of 3.31 while making debt-to-equity ratio of 0.98. 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 3.27% while standing at 2.82% over the month.
Stock’s fiscal year EPS is expected to rise by 15.36% while it is estimated to increase by 38.25% 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 UBS on November 19, 2024 offering a Neutral rating for the stock and assigned a target price of $10.60 to it. Coverage by Rosenblatt stated Viavi Solutions Inc (VIAV) stock as a Neutral in their note to investors on June 26, 2024, suggesting a price target of $8.25 for the stock. On May 03, 2024, Susquehanna Downgrade their recommendations, while on February 12, 2024, Stifel Upgrade their ratings for the stock with a price target of $13. Stock get a Hold rating from Stifel on December 02, 2022.
