VIZIO Holding Corp. (NYSE:VZIO) does about 369.61K shares in volume on a normal day but saw 379355 shares change hands in Friday trading. The company now has a market cap of 1.92B USD. Its current market price is $9.92, marking a decrease of -2.84% compared to the previous close of $10.21. The 52 week high reached by this stock is $14.11 whilst the lowest price level in 52 weeks is $6.47. The script in recent trading has seen the stock touch a high of $10.21 and a low of $9.54.
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VIZIO Holding Corp. (VZIO) has a 20-day trading average at $9.15 and the current price is -29.70% off the 52-week high compared with 53.32% distance from its 52-week low. The 50-day simple moving average of the closing price is $8.50 and its 200-day simple moving average is $9.38. If we look at the stock’s price movements over the week, volatility stands at 5.72%, which decreases to 5.01% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 64.14 to suggest the stock is neutral.
The consensus objective for the share price is $14.05, suggesting that the stock has a potential upside of 29.4% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on December 01, 2022 when Morgan Stanley initiated the stock to “Equal-Weight” and issued a price target of $13. Craig Hallum initiated its price target at $28.
The current price level is 9.23%, 16.85%, and 5.90% away from its SMA20, SMA50, and SMA200 respectively, with the VZIO price moving below the 50-day SMA on February 17. VIZIO Holding Corp. (VZIO) stock is up 9.73% over the week and 20.53% over the past month. Its price is 33.87% year-to-date and -28.32% over the past year.
VZIO’s earnings per share are forecast to grow by 95.50% this year and 1,300.00% over next year. Expected sales for next quarter are $410.77 million, which analysts say will come at $1.84 billion for the current fiscal year and next year at $1.88 billion. In addition, estimates put the company’s current quarterly revenue at an average of $510.69 million.
To reach the target analysts have set, the stock logically needs to grow 29.4 percent from here.
Outstanding shares total 193.80M with insiders holding 52.27% of the shares and institutional holders owning 29.98% of the company’s common stock. The company has a return on investment of -12.90% and return on equity of -4.90%. The forward price to earnings ratio is 79.36. Price to book ratio is 5.39 and price to sales ratio is 0.98.
According to a U.S. Securities and Exchange Commission filing, Hartford Mid Cap Fund has reduced its position in VIZIO Holding Corp. (VZIO) to 4,870,587 shares, mirroring a recent drop by -5.49%. Hartford Mid Cap Fund dumped -0.28 million shares of VIZIO Holding Corp. common stock bringing its total worth to about $42.67 million at the end of recent close, SEC documents show. American Century Small Cap Value raise their holdings by 46.98% in the company over the course of the most recent quarter. It now holds a 1.34% position in VIZIO Holding Corp. thanks to 1.58 million shares amounting to $13.84 million.
