Viavi Solutions Inc [NASDAQ: VIAV] gained 20.52% or 2.05 points to close at $12.04 with a heavy trading volume of 17595794 shares.
The daily chart for VIAV points out that the company has recorded 49.75% gains over the past six months.
If we look at the average trading volume of 1.68M shares, VIAV reached to a volume of 17595794 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Viavi Solutions Inc [VIAV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VIAV shares is $12.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VIAV stock is a recommendation set at 2.50. 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.
Needham have made an estimate for Viavi Solutions Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 31, 2025. While these analysts kept the previous recommendation, Morgan Stanley raised their target price from $8 to $9.50. The new note on the price target was released on December 17, 2024, representing the official price target for Viavi Solutions Inc stock. Previously, the target price had yet another raise to $10.60, while UBS analysts kept a Neutral rating on VIAV stock.
The Average True Range (ATR) for Viavi Solutions Inc is set at 0.50, with the Price to Sales ratio for VIAV stock in the period of the last 12 months amounting to 2.65. The Price to Book ratio for the last quarter was 3.91, with the Price to Cash per share for the same quarter was set at 2.31. Price to Free Cash Flow for VIAV in the course of the last twelve months was 32.81 with Quick ratio for the last quarter at 3.18.
Trading performance analysis for VIAV stock
Viavi Solutions Inc [VIAV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 14.78. With this latest performance, VIAV shares gained by 19.44% in over the last four-week period, additionally plugging by 49.75% over the last 6 months – not to mention a rise of 24.00% 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 VIAV stock in for the last two-week period is set at 72.80, with the RSI for the last a single of trading hit 78.07, and the three-weeks RSI is set at 69.03 for Viavi Solutions Inc [VIAV]. The present Moving Average for the last 50 days of trading for this stock 10.27, while it was recorded at 10.31 for the last single week of trading, and 8.69 for the last 200 days.
Viavi Solutions Inc [VIAV]: A deeper dive into fundamental analysis
Viavi Solutions Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.18 and a Current Ratio set at 3.55.
Viavi Solutions Inc [VIAV]: An earnings per share (EPS) analysis
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 VIAV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viavi Solutions Inc go to 25.59%.
An analysis of Institutional ownership at Viavi Solutions Inc [VIAV]
There are presently around $94.66%, or 96.11%% of VIAV stock, in the hands of institutional investors. The top three institutional holders of VIAV stocks are: BLACKROCK INC. with ownership of 34.62 million shares, which is approximately 15.5238%. VANGUARD GROUP INC, holding 29.97 million shares of the stock with an approximate value of $$205.88 million in VIAV stocks shares; and VANGUARD GROUP INC, currently with $$95.47 million in VIAV stock with ownership which is approximately 6.2316%.
