With 2.49 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.21 million shares. The 52-week range on VIAV shows that it touched its highest point at $12.91 and its lowest point at $6.60 during that stretch. It currently has a 1-year price target of $12.26. Beta for the stock currently stands at 0.94.
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 -13.90%, but this was down by -4.58% over a month. Three-month performance dropped to -28.36% while six-month performance fell -4.28%. The stock gained 24.51% in the past year, while it has lost -9.21% so far this year. A look at the trailing 12-month EPS for VIAV yields 0.02 with Next year EPS estimates of 0.54. For the next quarter, that number is 0.12. This implies an EPS growth rate of 37.30% for this year and 19.29% for next year.
Float and Shares Shorts:
At present, 223.00 million VIAV shares are outstanding with a float of 219.60 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for VIAV since 6 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.32982 being high and $0.30899 being low. For VIAV, this leads to a yearly average estimate of $0.32176. Based on analyst estimates, the high estimate for the next quarter is $0.15 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.11.
