The stock of Viasat, Inc (NASDAQ:VSAT) last traded at $8.47, up 5.61% from the previous session.
VSAT stock price is now -4.85% away from the 50-day moving average and -37.79% away from the 200-day moving average. The market capitalization of the company currently stands at $1.09B.
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With the price target reduced from $28 to $19, Needham maintained Buy rating for Viasat, Inc (NASDAQ: VSAT). On September 17, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $15, while ‘Deutsche Bank’ rates the stock as ‘Hold’
In other news, MILLER MARK J, EVP, Chief Technical Officer sold 3,564 shares of the company’s stock on Dec 12 ’24. The stock was sold for $32,824 at an average price of $9.21. Upon completion of the transaction, the EVP, Chief Technical Officer now directly owns 350,351 shares in the company, valued at $2.97 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 12 ’24, Officer MILLER FAMILY TRUST bought 3,564 shares of the business’s stock. A total of $32,837 was incurred on buying the stock at an average price of $9.21. A total of 16.30% of the company’s stock is owned by insiders.
During the past 12 months, Viasat, Inc has had a low of $6.69 and a high of $26.70. As of last week, the company has a debt-to-equity ratio of 1.88, a current ratio of 1.44, and a quick ratio of 1.34. The fifty day moving average price for VSAT is $8.9022 and a two-hundred day moving average price translates $13.61505 for the stock.
The latest earnings results from Viasat, Inc (NASDAQ: VSAT) was released for 2024-09-30. The net profit margin was -8.49% and return on equity was -7.60% for VSAT. The company reported revenue of $1.12 billion for the quarter, compared to $1.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.42 percent.
