Taking on analysts’ expectations and winning: Viasat Inc. (VSAT)

Viasat Inc. (NASDAQ: VSAT) stock fell -0.99% on Friday to $23.92 against a previous-day closing price of $24.16. With 4.68 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.18 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $24.49 whereas the lowest price it dropped to was $23.62. The 52-week range on VSAT shows that it touched its highest point at $47.35 and its lowest point at $22.76 during that stretch. It currently has a 1-year price target of $49.40. Beta for the stock currently stands at 1.22.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of VSAT was up-trending over the past week, with a rise of 0.34%, but this was down by -19.43% over a month. Three-month performance dropped to -41.24% while six-month performance fell -30.81%. The stock lost -38.35% in the past year, while it has lost -24.42% so far this year. A look at the trailing 12-month EPS for VSAT yields -3.16 with Next year EPS estimates of 1.80. For the next quarter, that number is 0.63. This implies an EPS growth rate of -83.40% for this year and 83.62% for next year. EPS is expected to grow by 16.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -22.00%.

Float and Shares Shorts:

At present, 124.05 million VSAT shares are outstanding with a float of 96.79 million shares on hand for trading. On Aug 30, 2023, short shares totaled 8.57 million, which was 6.91% higher than short shares on Jul 30, 2023. In addition to Mr. Mark D. Dankberg as the firm’s Co-Founder, Chairman & CEO, Mr. Mark J. Miller serves as its Co-Founder, Exec. VP & Chief Technical Officer.

Institutional Ownership:

Through their ownership of 83.94% of VSAT’s outstanding shares, institutional investors have majority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, VSAT reported revenue of $678.22M and operating income of -$27.06M. The EBITDA in the recently reported quarter was -$18.53M and diluted EPS was -$0.29.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VSAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With VSAT analysts setting a high price target of $66.00 and a low target of $33.00, the average target price over the next 12 months is $47.00. Based on these targets, VSAT could surge 175.92% to reach the target high and rise by 37.96% to reach the target low. Reaching the average price target will result in a growth of 96.49% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded VSAT stock several times over the past three months with 1 Buys and 4 Sells. In these transactions, 7,500 shares were bought while 8,892 shares were sold. The number of buy transactions has increased to 58 while that of sell transactions has risen to 69 over the past year. The total number of shares bought during that period was 768,465 while 277,348 shares were sold.

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