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Tuesday, June 6, 2023

Viasat Inc. (NASDAQ: VSAT) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Viasat Inc. (VSAT) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.14, or -0.32%, to $43.59. The Viasat Inc. has recorded 29,808 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Viasat Next-Generation Ground-to-Space Encryption Solution Achieves National Security Agency Type-1 Certification.

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Stocks Info

Viasat Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. The current market capitalization of Viasat Inc. is $3.37B. A total of 0.56 million shares were traded on the day, compared to an average of 739.05K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VSAT has seen 1 BUY and 3 SELL insider trades, representing the acquisition of 1,000 and the disposition of 3,300 shares. Over the last 12 months, there were 66 BUYs and 67 SELLs from insiders. Insiders purchased 442,314 shares during that period but sold 289,240.

In the most recent transaction, Miller Craig Andrew sold 272 shares of VSAT for 37.64 per share on May 08. After the transaction, the Pres. Government Systems now owns 10,684 company shares. In a previous transaction on Apr 03, Miller Craig Andrew sold 300 shares at 33.80 per share. VSAT shares that Pres. Government Systems owns now total 10,956.

Among the insiders who sold shares, Miller Craig Andrew disposed of 300 shares on Mar 06 at a per-share price of $33.97. This resulted in the Pres. Government Systems holding 11,256 shares of VSAT after the transaction. In another insider transaction, Lippert Keven K sold 2,700 shares at $32.03 per share on Feb 24. Company shares held by the Executive Vice President now total 6,224.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VSAT in the last 3 months, the mean price target is $53.60 with high estimates of $79.00 and low estimates of $34.00. In terms of 52-week highs and lows, VSAT has a high of $44.98 and a low of $25.38.

As of this writing, VSAT has an earnings estimate of -$0.62 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.31 per share and a lower estimate of -$1. The company reported an EPS of -$0.55 in the last quarter, which was -292.90% lower than expectations of -$0.14.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. VSAT’s latest balance sheet shows that the firm has $310.46M in Cash & Short Term Investments as of fiscal 2022. There were $2.81B in debt and $770.42M in liabilities at the time. Its Book Value Per Share was $34.00, while its Total Shareholder’s Equity was $2.68B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VSAT is Buy with a score of 3.71.

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