For VIZIO Holding Corp [VZIO], Analyst sees a rise to $11. What next?

VIZIO Holding Corp [NYSE: VZIO] traded at a high on Tuesday, posting a 16.26 gain after which it closed the day’ session at $11.08. The company report on February 6, 2024 at 8:00 AM that VIZIO WatchFree+ Reaches Record Growth in Premium Entertainment and Viewership.

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VIZIO (NYSE: VZIO) today announced a significant expansion of its WatchFree+ streaming service, a sizable increase in viewership, and new features to enhance discoverability. Now with over 300 channels, 15,000 on-demand titles, 10 VIZIO-curated channels programmed in-house, and expanded studio partnerships with Warner Bros. Discovery, Electric Entertainment, SONY, and Lionsgate, VIZIO continues its commitment to delivering a free, premium entertainment experience for millions of users. And the users love all the great content: WatchFree+ viewing hours have more than doubled over the past 12 months according to internal data.

The results of the trading session contributed to over 33797390 shares changing hands. Over the past one week, the price volatility of VIZIO Holding Corp stands at 13.76% while the volatility over the past one month is 6.12%.

The market cap for VZIO stock reached $2.19 billion, with 118.10 million shares outstanding and 75.20 million shares in the current float. Compared to the average trading volume of 728.62K shares, VZIO reached a trading volume of 33797390 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about VIZIO Holding Corp [VZIO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VZIO shares is $10.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VZIO stock is a recommendation set at 1.92. 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.

B. Riley Securities have made an estimate for VIZIO Holding Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 13, 2023. While these analysts kept the previous recommendation, BofA Securities raised their target price from $11 to $6. The new note on the price target was released on August 24, 2023, representing the official price target for VIZIO Holding Corp stock. Previously, the target price had yet another raise to $13, while Morgan Stanley analysts kept a Equal-Weight rating on VZIO stock. On March 04, 2022, analysts decreased their price target for VZIO shares from 20 to 16.

The Average True Range (ATR) for VIZIO Holding Corp is set at 0.58, with the Price to Sales ratio for VZIO stock in the period of the last 12 months amounting to 1.28. The Price to Book ratio for the last quarter was 5.18, with the Price to Cash per share for the same quarter was set at 1.70. Price to Free Cash Flow for VZIO in the course of the last twelve months was 780.43 with Quick ratio for the last quarter at 1.58.

How has VZIO stock performed recently?

VIZIO Holding Corp [VZIO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 41.69. With this latest performance, VZIO shares gained by 56.94% in over the last four-week period, additionally plugging by 79.00% over the last 6 months – not to mention a rise of 8.52% 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 VZIO stock in for the last two-week period is set at 84.26, with the RSI for the last a single of trading hit 88.79, and the three-weeks RSI is set at 80.30 for VIZIO Holding Corp [VZIO]. The present Moving Average for the last 50 days of trading for this stock 7.64, while it was recorded at 9.89 for the last single week of trading, and 6.73 for the last 200 days.

VIZIO Holding Corp [VZIO]: Deeper insight into the fundamentals

VIZIO Holding Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.58 and a Current Ratio set at 1.61.

Earnings analysis for VIZIO Holding Corp [VZIO]

With the latest financial reports released by the company, VIZIO Holding Corp posted 0.03/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 50.00%. 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 VZIO.

Insider trade positions for VIZIO Holding Corp [VZIO]

The top three institutional holders of VZIO stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in VZIO stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in VZIO stock with ownership which is approximately 5.8325%.