JP Morgan slashes price target on Viasat, Inc. [VSAT] – find out why.

TANH

Viasat, Inc. [NASDAQ: VSAT] closed the trading session at $10.67.

The stocks have a year to date performance of -61.82 percent and weekly performance of -4.48 percent. The stock has been moved at -38.07 percent over the last six months. The stock has performed -28.24 percent around the most recent 30 days and changed -33.23 percent over the most recent 3-months.

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If compared to the average trading volume of 2.27M shares, VSAT reached to a volume of 2475727 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 Viasat, Inc. [VSAT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VSAT shares is $28.20 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VSAT stock is a recommendation set at 2.25. 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.

JP Morgan have made an estimate for Viasat, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 17, 2024. While these analysts kept the previous recommendation, JP Morgan dropped their target price from $35 to $30. The new note on the price target was released on October 17, 2023, representing the official price target for Viasat, Inc. stock. Previously, the target price had yet another raise to $22, while Deutsche Bank analysts kept a Hold rating on VSAT stock.

The Average True Range (ATR) for Viasat, Inc. is set at 0.77, with the Price to Sales ratio for VSAT stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 0.27, with the Price to Cash per share for the same quarter was set at 14.18.

VSAT stock trade performance evaluation

Viasat, Inc. [VSAT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.48. With this latest performance, VSAT shares dropped by -28.24% in over the last four-week period, additionally sinking by -38.07% over the last 6 months – not to mention a drop of -34.94% 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 VSAT stock in for the last two-week period is set at 31.06, with the RSI for the last a single of trading hit 27.43, and the three-weeks RSI is set at 34.89 for Viasat, Inc. [VSAT]. The present Moving Average for the last 50 days of trading for this stock 15.24, while it was recorded at 11.09 for the last single week of trading, and 17.59 for the last 200 days.

Viasat, Inc. [VSAT]: An insightful look at the core fundamentals

Viasat, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.78 and a Current Ratio set at 3.08.

Viasat, Inc. [VSAT]: Institutional Ownership

There are presently around $83.68%, or 92.72%% of VSAT stock, in the hands of institutional investors. The top three institutional holders of VSAT stocks are: BLACKROCK INC. with ownership of 14.76 million shares, which is approximately 12.5947%. BAUPOST GROUP LLC/MA, holding 13.76 million shares of the stock with an approximate value of $$174.74 million in VSAT stocks shares; and BAUPOST GROUP LLC/MA, currently with $$163.02 million in VSAT stock with ownership which is approximately 10.9538%.