In Wednesday’s session, Viomi Technology Co. Ltd (NASDAQ:VIOT) marked $0.82 per share, down from $0.88 in the previous session. While Viomi Technology Co. Ltd has underperformed by -6.55%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VIOT fell by -79.84%, with highs and lows ranging from $4.27 to $0.70, whereas the simple moving average fell by -43.96% in the last 200 days.
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On September 21, 2020, Morgan Stanley Downgraded Viomi Technology Co. Ltd (NASDAQ: VIOT) to Equal-Weight. Needham also rated VIOT shares as ‘Buy’, setting a target price of $10 on the company’s shares in an initiating report dated October 22, 2018. Morgan Stanley Initiated an Overweight rating on October 22, 2018, and assigned a price target of $12.90.
Analysis of Viomi Technology Co. Ltd (VIOT)
Further, the quarter-over-quarter decrease in sales is -44.30%, showing a negative trend in the upcoming months.
Viomi Technology Co. Ltd’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -5.90% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and VIOT has an average volume of 54.76K. On a monthly basis, the volatility of the stock is set at 11.17%, whereas on a weekly basis, it is put at 9.04%, with a loss of -5.47% over the past seven days.
How Do You Analyze Viomi Technology Co. Ltd Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 4.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in VIOT shares?
The recent increase in stakes in VIOT appears to be a result of several institutional investors and hedge funds increasing their positions. Acadian Asset Management LLC’s position in VIOT has decreased by -0.86% in the first quarter. The company now owns 715,614 shares of the stock, with a value of $0.62 million, following the sale of -6,181 additional shares during the last quarter. Dimensional Fund Advisors LP made another decreased to its shares in VIOT during the first quarter, downing its stake by -7.77%.
At the end of the first quarter, Renaissance Technologies LLC decreased its VIOT holdings by -6.36% and now holds 85364.0 VIOT shares valued at $73413.0 with the lessened 5800.0 shares during the period. VIOT shares are owned by institutional investors to the tune of 4.80% at present.