Ready to Jump After Recent Trade: Viavi Solutions Inc (VIAV)

With 2.74 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.27 million shares. The 52-week range on VIAV shows that it touched its highest point at $11.65 and its lowest point at $7.26 during that stretch. It currently has a 1-year price target of $13.17. Beta for the stock currently stands at 0.95.

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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 VIAV was down-trending over the past week, with a drop of -8.33%, but this was down by -6.70% over a month. Three-month performance dropped to -11.43% while six-month performance fell -2.94%. The stock lost -15.06% in the past year, while it has lost -11.52% so far this year. A look at the trailing 12-month EPS for VIAV yields 0.02 with Next year EPS estimates of 0.56. For the next quarter, that number is 0.07. This implies an EPS growth rate of -31.78% for this year and 48.47% for next year.

Float and Shares Shorts:

At present, 222.00 million VIAV shares are outstanding with a float of 219.39 million shares on hand for trading. On Mar 15, 2024, short shares totaled 6.44 million, which was 2.90% higher than short shares on Feb 15, 2024. In addition to VIAV as the firm’s Viavi Solutions Inc., VIV serves as its Telefonica Brasil S.A.

Institutional Ownership:

Through their ownership of 96.68% of VIAV’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VIAV 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.

Dividends & Yield:

In terms of dividends, VIAV has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and VIAV currently yields $0.00. In the past year, VIAV’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, VIAV has a current buyback yield of $2.52. This was $2.52 for the TTM, and it was $1.03 for the past five years.