VIZIO Holding Corp. (NYSE: VZIO) stock fell -0.17% on Friday to $5.94 against a previous-day closing price of $5.95. With 3.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.92 million shares. During the session, the Consumer Electronics company that operates in wider Technology sector, reached to the highest price of $6.03 whereas the lowest price it dropped to was $5.79. The 52-week range on VZIO shows that it touched its highest point at $12.00 and its lowest point at $5.36 during that stretch. It currently has a 1-year price target of $11.50. Beta for the stock currently stands at 1.70.
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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 VZIO was up-trending over the past week, with a rise of 2.59%, but this was down by -5.41% over a month. Three-month performance dropped to -18.52% while six-month performance fell -36.74%. The stock lost -50.29% in the past year, while it has lost -19.84% so far this year. A look at the trailing 12-month EPS for VZIO yields 0.05 with Next year EPS estimates of 0.24. For the next quarter, that number is 0.01. This implies an EPS growth rate of 99.10% for this year and 515.38% for next year.
Float and Shares Shorts:
At present, 200.70 million VZIO shares are outstanding with a float of 69.23 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.44 million, which was 0.74% higher than short shares on Jul 30, 2023. In addition to Mr. William W. Wang as the firm’s Founder, Chairman & CEO, Mr. Ben Wong serves as its Pres & COO.
Institutional Ownership:
Through their ownership of 33.75% of VZIO’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 38.15% of VZIO, in contrast to 17.44% held by mutual funds. Shares owned by individuals account for 16.88%. As the largest shareholder in VZIO with 4.75% of the stake, The Vanguard Group, Inc. holds 5,711,597 shares worth 5,711,597. A second-largest stockholder of VZIO, Wellington Management Co. LLP, holds 5,373,658 shares, controlling over 4.47% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in VZIO, holding 4,220,082 shares or 3.51% stake. With a 1.81% stake in VZIO, the John Hancock Small Cap Core Fund is the largest stakeholder. A total of 2,168,850 shares are owned by the mutual fund manager. The American Century Small Cap Value, which owns about 1.79% of VZIO stock, is the second-largest Mutual Fund holder. It holds 2,145,000 shares valued at 12.31 million. Vanguard Total Stock Market ETF holds 1.46% of the stake in VZIO, owning 1,759,243 shares worth 10.1 million.
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, VZIO reported revenue of $408.90M and operating income of $4.10M. The EBITDA in the recently reported quarter was $5.10M and diluted EPS was $0.01.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VZIO 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 VZIO analysts setting a high price target of $16.00 and a low target of $6.00, the average target price over the next 12 months is $11.50. Based on these targets, VZIO could surge 169.36% to reach the target high and rise by 1.01% to reach the target low. Reaching the average price target will result in a growth of 93.6% 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 VZIO stock several times over the past three months with 1 Buys and 1 Sells. In these transactions, 634,185 shares were bought while 1,983 shares were sold. The number of buy transactions has increased to 11 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 1,907,996 while 774,747 shares were sold.
