When is the right time to cash out of VIZIO Holding Corp [VZIO] stock?

In yesterday’s Wall Street session, VIZIO Holding Corp (NYSE:VZIO) shares traded at $10.78, down -0.09% from the previous session.

VZIO stock price is now 6.37% away from the 50-day moving average and 45.79% away from the 200-day moving average. The market capitalization of the company currently stands at $2.13B.

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With the price target of $11, B. Riley Securities recently initiated with Buy rating for VIZIO Holding Corp (NYSE: VZIO). On August 24, 2023, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $11 to quote $6, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’

In other news, Russell David Eugene, Director sold 100,000 shares of the company’s stock on Mar 01 ’24. The stock was sold for $1,103,000 at an average price of $11.03. Upon completion of the transaction, the Director now directly owns 2,436,542 shares in the company, valued at $26.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 13 ’24, Director Russell David Eugene sold 300,000 shares of the business’s stock. A total of $2,973,103 was realized by selling the stock at an average price of $9.91. This leaves the insider owning 2,536,542 shares of the company worth $27.34 million. A total of 61.74% of the company’s stock is owned by insiders.

During the past 12 months, VIZIO Holding Corp has had a low of $4.82 and a high of $11.28. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.61, and a quick ratio of 1.60. The fifty day moving average price for VZIO is $10.21 and a two-hundred day moving average price translates $7.42 for the stock.

The latest earnings results from VIZIO Holding Corp (NYSE: VZIO) was released for Dec, 2023. According to the Consumer Electronics Company, earnings per share came in at $0.07, beating analysts’ expectations of $0.01 by 0.06. This compares to $0.03 EPS in the same period last year. The net profit margin was 1.68% and return on equity was 6.85% for VZIO. The company reported revenue of $502.7 million for the quarter, compared to $533.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.76 percent. For the current quarter, analysts expect VZIO to generate $380.17M in revenue.

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