VIZIO Holding Corp. (NYSE:VZIO) currently has a daily average trading volume of 483.91K but it saw 385417 shares traded on Wednesday. With a market cap of 2.07B USD, stock’s current market price of $10.66 came rising about 4.10 while comparing to the previous closing price of $10.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $20.98 and as low as $6.47. In the recent trading on the day, stock has struck highest price mark of $10.72 while lowest mark touched by it was $10.11.
Taking a look at 20-day trading activity of VIZIO Holding Corp. (VZIO) gives us an average price of $10.65, while its current price level is -49.19% below from 52-week high level whereas it is 64.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $10.26 while that of 200 days or SMA-200 reads an average of $9.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.37% during that period while stretching the period over a month that increases to 5.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 51.73 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Needham which reiterated the stock as “Buy” in its note to investors issued on March 04, 2022, recommending a price target of between $20 and $16 for it. Barrington Research issued its recommendations for the stock as it initiated the price target for the stock is $28.
Over the week, VZIO’s stock price is moving -0.37% down while it is -2.56% when we observe its performance for the past one month. Year-to-date it is -45.14% down and over the past year, the stock is showing a downside performance of -44.31%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2022, when its quarterly earnings per share (EPS) of $0.01 beat the consensus estimate of -$0.02 for the same. In next quarter, company is expected to be making quarterly sales of $570.94 million as analysts are expecting the sales for current fiscal year at $1.91 billion and seeing the company making $2.09 billion in sales next year. Moreover, analysts are in estimates of $442.85 million for current-quarter revenue.
Currently, VIZIO Holding Corp.’s total number of outstanding shares is 193.80M with 53.68% of that held by the insiders while 26.19% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -12.90% and return on equity (ROE) at -4.90%. It has a 58.25 of forward P/E ratio. Stock has a price to book (P/B) ratio of 5.79 while price to sale or P/S ratio amounts to 1.06. Its return on asset (ROA) is -1.90% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Hartford Mid Cap Fund came shrinking its share ownership by 13.93% in the VIZIO Holding Corp. (VZIO) increasing its stake to 4.17% with control over 0.59 million shares in the company. As per SEC documents, Hartford Mid Cap Fund sought 4,861,811 of company’s common stock of worth $54.45 million as per recent closing price of the stock. Hartford Mid Cap Fund is not the only institutional holder which restructured its stake in VIZIO Holding Corp., as John Hancock Small Cap Core Fund picked 1,952,353 shares of worth $21.87 million to bring its holdings to a total of 36459.0 shares. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.82% in the company and now holds 1.49 million or 1.28% of the company’s stake having worth of about 16.67 million.