The stock of VIZIO Holding Corp (NYSE:VZIO) last traded at $10.31, down -1.62% from the previous session.
VZIO stock price is now -5.12% away from the 50-day moving average and 32.88% away from the 200-day moving average. The market capitalization of the company currently stands at $2.04B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $11, B. Riley Securities recently initiated with Buy rating for VIZIO Holding Corp (NYSE: VZIO). On August 24, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $11 to quote $6, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Russell David Eugene, Director sold 100,000 shares of the company’s stock on Mar 01 ’24. The stock was sold for $1,103,000 at an average price of $11.03. Upon completion of the transaction, the Director now directly owns 2,436,542 shares in the company, valued at $25.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’24, Director Russell David Eugene sold 300,000 shares of the business’s stock. A total of $2,973,103 was realized by selling the stock at an average price of $9.91. This leaves the insider owning 2,536,542 shares of the company worth $26.15 million. A total of 61.69% of the company’s stock is owned by insiders.
During the past 12 months, VIZIO Holding Corp has had a low of $4.82 and a high of $11.28. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.78, and a quick ratio of 1.71.
According to the Consumer Electronics Company, earnings per share came in at 0, beating analysts’ expectations of -0.02 by 0.02. This compares to $0.00 EPS in the same period last year. The net profit margin was 1.00% and return on equity was 4.03% for VZIO. The company reported revenue of $353.9 million for the quarter, compared to $356.7 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.78 percent. For the current quarter, analysts expect VZIO to generate $353.9M in revenue.
