Vislink Technologies Inc. [NASDAQ: VISL] closed the trading session at $3.66 on 02/05/21. The day’s price range saw the stock hit a low of $2.61, while the highest price level was $3.8589. The company report on February 4, 2021 that VISLINK TECHNOLOGIES, INC. ANNOUNCES $50 MILLION REGISTERED DIRECT OFFERING PRICED AT-THE-MARKET UNDER NASDAQ RULES.
Vislink Technologies, Inc. (NASDAQ: VISL) (“Vislink”, “VISL” or “the Company”), the global technology leader in collection, delivery and management of high quality, live video and associated data, announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 18,181,820 shares of its common stock and common stock warrants to purchase up to 9,090,910 shares of common stock at a combined purchase price of $2.75 per share in a registered direct offering. The common stock warrants will be immediately exercisable, have an exercise price of $3.25 per share and will expire five years from the date of issuance. The closing of the offering is expected to occur on or about February 8, 2021, subject to the satisfaction of customary closing conditions.
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A.G.P./Alliance Global Partners is acting as sole placement agent for the offering.
The stocks have a year to date performance of 177.27 percent and weekly performance of 57.76 percent. The stock has been moved at 38.11 percent over the last six months. The stock has performed 84.85 percent around the most recent 30 days and changed 181.54 percent over the most recent 3-months.
If compared to the average trading volume of 6.71M shares, VISL reached to a volume of 70947901 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Vislink Technologies Inc. [VISL]:
The Average True Range (ATR) for Vislink Technologies Inc. is set at 0.47, with the Price to Sales ratio for VISL stock in the period of the last 12 months amounting to 2.26. The Price to Book ratio for the last quarter was 4.41, with the Price to Cash per share for the same quarter was set at 0.21.
VISL stock trade performance evaluation
Vislink Technologies Inc. [VISL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 57.76. With this latest performance, VISL shares gained by 84.85% in over the last four-week period, additionally plugging by 38.11% over the last 6 months – not to mention a rise of 122.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VISL stock in for the last two-week period is set at 68.89, with the RSI for the last a single of trading hit 69.99, and the three-weeks RSI is set at 67.96 for Vislink Technologies Inc. [VISL]. The present Moving Average for the last 50 days of trading for this stock 1.81, while it was recorded at 2.94 for the last single week of trading, and 2.20 for the last 200 days.
Vislink Technologies Inc. [VISL]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Vislink Technologies Inc. [VISL] shares currently have an operating margin of -59.76 and a Gross Margin at +37.44. Vislink Technologies Inc.’s Net Margin is presently recorded at -62.36.
Return on Total Capital for VISL is now -122.99, given the latest momentum, and Return on Invested Capital for the company is -135.86. Return on Equity for this stock declined to -184.92, with Return on Assets sitting at -68.86. When it comes to the capital structure of this company, Vislink Technologies Inc. [VISL] has a Total Debt to Total Equity ratio set at 25.17. Additionally, VISL Total Debt to Total Capital is recorded at 20.11, with Total Debt to Total Assets ending up at 9.84. Long-Term Debt to Equity for the company is recorded at 12.60, with the Long-Term Debt to Total Capital now at 10.07.
Reflecting on the efficiency of the workforce at the company, Vislink Technologies Inc. [VISL] managed to generate an average of -$120,313 per employee. Receivables Turnover for the company is 4.49 with a Total Asset Turnover recorded at a value of 1.10.Vislink Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 2.30.
Earnings per share (EPS) analysis for Vislink Technologies Inc. [VISL] stock
With the latest financial reports released by the company, Vislink Technologies Inc. posted 50.4/share EPS, while the average EPS was predicted by analysts to be reported at -30.6/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 264.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VISL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vislink Technologies Inc. go to 20.00%.
Vislink Technologies Inc. [VISL]: Insider Ownership positions
There are presently around $2 million, or 6.30% of VISL stock, in the hands of institutional investors. The top three institutional holders of VISL stocks are: BLACKROCK INC. with ownership of 259,750, which is approximately 0% of the company’s market cap and around 0.39% of the total institutional ownership; VANGUARD GROUP INC, holding 100,321 shares of the stock with an approximate value of $0.37 million in VISL stocks shares; and VIRTU FINANCIAL LLC, currently with $0.15 million in VISL stock with ownership of nearly 22.767% of the company’s market capitalization.
Positions in Vislink Technologies Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 6 institutional holders increased their position in Vislink Technologies Inc. [NASDAQ:VISL] by around 18,483 shares. Additionally, 9 investors decreased positions by around 59,960 shares, while 1 investors held positions by with 357,410 shares. The mentioned changes placed institutional holdings at 435,853 shares, according to the latest SEC report filing. VISL stock had 3 new institutional investments in for a total of 5,100 shares, while 6 institutional investors sold positions of 39,436 shares during the same period.