ViacomCBS Inc. [NASDAQ: VIAC] plunged by -$0.61 during the normal trading session on Monday and reaching a high of $42.32 during the day while it closed the day at $41.54. The company report on May 24, 2021 that MTV Entertainment Studios and Bassett Vance Productions Tap Award-Winning Writer Nathan Alan Davis for Limited Series on the Tulsa Race Massacre.
On the centennial anniversary of the tragedy, the dramatic adaptation will be executive produced by Courtney B. Vance and Angela Bassett as part of overall deal with MTVE.
ViacomCBS Inc. stock has also gained 8.15% of its value over the past 7 days. However, VIAC stock has declined by -35.47% in the 3 months of the year. Over the past six months meanwhile, it has gained 24.26% and gained 11.49% year-on date.
The market cap for VIAC stock reached $26.62 billion, with 622.00 million shares outstanding and 593.95 million shares in the current float. Compared to the average trading volume of 42.97M shares, VIAC reached a trading volume of 19371449 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 ViacomCBS Inc. [VIAC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VIAC shares is $49.85 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VIAC stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for ViacomCBS Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2021. The new note on the price target was released on May 10, 2021, representing the official price target for ViacomCBS Inc. stock. Previously, the target price had yet another drop from $59 to $45, while Wells Fargo kept a Equal Weight rating on VIAC stock. On May 07, 2021, analysts increased their price target for VIAC shares from 26 to 52.
The Average True Range (ATR) for ViacomCBS Inc. is set at 1.72, with the Price to Sales ratio for VIAC stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 1.35, with the Price to Cash per share for the same quarter was set at 8.58. Price to Free Cash Flow for VIAC in the course of the last twelve months was 9.76 with Quick ratio for the last quarter at 1.60.
VIAC stock trade performance evaluation
ViacomCBS Inc. [VIAC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.15. With this latest performance, VIAC shares dropped by -0.41% in over the last four-week period, additionally plugging by 24.26% over the last 6 months – not to mention a rise of 112.05% 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 VIAC stock in for the last two-week period is set at 47.77, with the RSI for the last a single of trading hit 56.79, and the three-weeks RSI is set at 44.16 for ViacomCBS Inc. [VIAC]. The present Moving Average for the last 50 days of trading for this stock 49.88, while it was recorded at 41.01 for the last single week of trading, and 41.78 for the last 200 days.
ViacomCBS Inc. [VIAC]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and ViacomCBS Inc. [VIAC] shares currently have an operating margin of +18.11 and a Gross Margin at +39.15. ViacomCBS Inc.’s Net Margin is presently recorded at +9.12.
Return on Total Capital for VIAC is now 12.66, given the latest momentum, and Return on Invested Capital for the company is 6.61. Return on Equity for this stock inclined to 16.13, with Return on Assets sitting at 4.51. When it comes to the capital structure of this company, ViacomCBS Inc. [VIAC] has a Total Debt to Total Equity ratio set at 140.67. Additionally, VIAC Total Debt to Total Capital is recorded at 58.45, with Total Debt to Total Assets ending up at 41.06. Long-Term Debt to Equity for the company is recorded at 138.57, with the Long-Term Debt to Total Capital now at 57.58.
Reflecting on the efficiency of the workforce at the company, ViacomCBS Inc. [VIAC] managed to generate an average of $104,256 per employee. Receivables Turnover for the company is 3.56 with a Total Asset Turnover recorded at a value of 0.49.ViacomCBS Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.80.
Earnings per share (EPS) analysis for ViacomCBS Inc. [VIAC] stock
With the latest financial reports released by the company, ViacomCBS Inc. posted 1.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.93/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 34.40%. 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 VIAC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ViacomCBS Inc. go to -3.44%.
ViacomCBS Inc. [VIAC]: Insider Ownership positions
There are presently around $21,110 million, or 86.00% of VIAC stock, in the hands of institutional investors. The top three institutional holders of VIAC stocks are: VANGUARD GROUP INC with ownership of 60,446,433, which is approximately 1.991% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 41,025,003 shares of the stock with an approximate value of $1.7 billion in VIAC stocks shares; and STATE STREET CORP, currently with $1.27 billion in VIAC stock with ownership of nearly -7.425% of the company’s market capitalization.
Positions in ViacomCBS Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 496 institutional holders increased their position in ViacomCBS Inc. [NASDAQ:VIAC] by around 158,390,936 shares. Additionally, 521 investors decreased positions by around 171,475,331 shares, while 97 investors held positions by with 178,313,482 shares. The mentioned changes placed institutional holdings at 508,179,749 shares, according to the latest SEC report filing. VIAC stock had 263 new institutional investments in for a total of 53,383,376 shares, while 163 institutional investors sold positions of 25,258,214 shares during the same period.