A share of Viasat, Inc. (NASDAQ:VSAT) closed at $19.93 per share on Monday, up from $19.52 day before. While Viasat, Inc. has overperformed by 2.10%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VSAT fell by -41.38%, with highs and lows ranging from $47.35 to $15.02, whereas the simple moving average fell by -35.69% in the last 200 days.
On October 17, 2023, JP Morgan Upgraded Viasat, Inc. (NASDAQ: VSAT) to Overweight.
Analysis of Viasat, Inc. (VSAT)
Further, the quarter-over-quarter increase in sales is 86.61%, showing a positive trend in the upcoming months.
Viasat, Inc.’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of -24.46% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.40, 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.
For any stock, average volume can be an extremely valuable indicator of volatility, and VSAT is registering an average volume of 1.56M. On a monthly basis, the volatility of the stock is set at 6.23%, whereas on a weekly basis, it is put at 6.51%, with a gain of 8.91% over the past seven days. Furthermore, long-term investors anticipate a median target price of $38.57, showing growth from the present price of $19.93, which can serve as yet another indication of whether VSAT is worth investing in or should be passed over.
How Do You Analyze Viasat, Inc. Shares?
Besides checking the fundamentals, you should also know how many employees own shares in the company. 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 22.02%. 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 76.57% 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 VSAT shares?
The recent increase in stakes in VSAT appears to be a result of several institutional investors and hedge funds increasing their positions. The Baupost Group LLC’s position in VSAT has decreased by -0.70% in the first quarter. The company now owns 16,174,839 shares of the stock, with a value of $298.26 million, following the sale of -114,120 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in VSAT during the first quarter, upping its stake by 40.49%.
At the end of the first quarter, BlackRock Fund Advisors increased its VSAT holdings by 6.02% and now holds 10.05 million VSAT shares valued at $185.41 million with the added 0.57 million shares during the period. VSAT shares are owned by institutional investors to the tune of 76.57% at present.