Viasat, Inc. (NASDAQ:VSAT) shares traded -6.67% lower at $14.69 on Wall Street last session.
VSAT stock price is now -13.60% away from the 50-day moving average and -30.05% away from the 200-day moving average. The market capitalization of the company currently stands at $1.84B.
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With the price target reduced from $35 to $30, JP Morgan Upgraded its rating from Neutral to Overweight for Viasat, Inc. (NASDAQ: VSAT). On October 17, 2023, Deutsche Bank recently initiated its ‘Hold’ rating on the stock quoting a target price of $22, while ‘JP Morgan’ rates the stock as ‘Neutral’
In other news, Miller Craig Andrew, Pres. Global Space Networks sold 150 shares of the company’s stock on Jan 05 ’24. The stock was sold for $4,024 at an average price of $26.83. Upon completion of the transaction, the Pres. Global Space Networks now directly owns 13,248 shares in the company, valued at $0.19 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 06 ’23, Pres. Global Space Networks Miller Craig Andrew sold 150 shares of the business’s stock. A total of $3,380 was realized by selling the stock at an average price of $22.53. This leaves the insider owning 13,398 shares of the company worth $0.2 million. A total of 21.87% of the company’s stock is owned by insiders.
During the past 12 months, Viasat, Inc. has had a low of $15.02 and a high of $47.35. As of last week, the company has a debt-to-equity ratio of 1.51, a current ratio of 2.68, and a quick ratio of 2.44. The fifty day moving average price for VSAT is $16.925 and a two-hundred day moving average price translates $20.92645 for the stock.
The latest earnings results from Viasat, Inc. (NASDAQ: VSAT) was released for 2024-03-31. According to the Communication Equipment Company, earnings per share came in at -0.83, missing analysts’ expectations of -0.39 by -0.44. This compares to $0.06 EPS in the same period last year. The net profit margin was -24.95% and return on equity was -23.92% for VSAT. The company reported revenue of $1.13 billion for the quarter, compared to $651.44 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 73.24 percent. For the current quarter, analysts expect VSAT to generate $1.07B in revenue.
