Wells Fargo raised the price target for the ViacomCBS Inc. (NASDAQ:VIAC) stock from “an Equal weight” to “an Overweight”. The rating was released on August 18, 2021. We previously noted in another research note published on August 18, 2021 by Wells Fargo that upgraded the stock from an Equal weight to an Overweight with a price target of $50 for VIAC stock. The research report from Deutsche Bank has upgraded the stock from Sell to Hold, with a price target set at $45. The stock was reiterated by BofA Securities, who disclosed in a research note on July 08, 2021, to Buy and set the price objective to $53. In their research brief published May 20, 2021, BofA Securities analysts upgraded the ViacomCBS Inc. stock from Underperform to Buy with a price target of $53.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of ViacomCBS Inc. (NASDAQ:VIAC) dipped -1.71% to close Friday’s market session at $39.65, lower as compared to yesterday’s close. The stock price fluctuated between $39.60 and $40.7243 throughout the trading session with the volume trading being 10456867 shares, which represented a significant variation when compared to the three months average volume of 12.78 million shares. The firm’s stock price fluctuated -4.55% within the last five trades and -2.87% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -58.24% in the last 6 months and -6.38% was subtracted to its value over the previous 3 months. VIAC stock is trading at a margin of -1.87%, -3.58% and -14.80% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, VIAC deals in the Communication Services domain. The stock is trading -61.12 percent below its 52-week high and 46.93 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 75.29. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does ViacomCBS Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 17.20 percent and the profit margin is 12.80 percent, and the company has reported a gross margin of 40.60 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $26.26 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for ViacomCBS Inc. (NASDAQ:VIAC) is 7.88. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 9.81. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.00 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.27, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of ViacomCBS Inc. shares are owned by insiders, and 70.50 percent are held by financial institutions. Lea DeDe, the EVP, Pub Pol’y & Gov Relations at ViacomCBS Inc. (VIAC) has sold 23,099 shares of firm on Mar 11 at a price of $86.70 against the total amount of $2.0 million. In another inside trade, Jones Richard M, EVP, General Tax Counsel of ViacomCBS Inc. (NASDAQ:VIAC) sold 40,285 shares of the firm on Mar 10 for a total worth of $3.25 million at a price of $80.62. An inside trade which took place on Mar 03, EVP, Chief Comms & Corp Mktg of ViacomCBS Inc. Phelps Julia sold 1,523 shares of firm against total price of $0.11 million at the cost of $70.82 per share.