ViacomCBS Inc. (NASDAQ:VIAC) shares fell to a low of $63.40 before closing at $66.14. Intraday shares traded counted 21.76 million, which was -51.72% lower than its 30-day average trading volume of 14.34M. VIAC’s previous close was $62.69 while the outstanding shares total 616.00M. The firm has a beta of 1.88, a 12-month trailing P/E ratio of 16.33. The stock’s Relative Strength Index (RSI) is 82.02, with weekly volatility at 4.04% and ATR at 3.07. The VIAC stock’s 52-week price range has touched low of $10.10 and a $63.73 high. The stock traded higher over the last trading session, gaining 5.50% on 02/22/21.
Investors have identified the Entertainment company ViacomCBS Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $40.48 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ViacomCBS Inc. (VIAC) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For VIAC, the company has in raw cash 3.09 billion on their books with 18.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 13.16 billion total, with 7.76 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 4.16 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VIAC sounds very interesting.
Is the stock of VIAC attractive?
In related news, EVP, Pub Pol’y & Gov Relations, Lea DeDe sold 10,459 shares of the company’s stock in a transaction that recorded on Nov 11. The sale was performed at an average price of 29.91, for a total value of 312,776. As the sale deal closes, the Director, GRIEGO LINDA M now sold 18,075 shares of the company’s stock, valued at 514,940. Also, Director, PHILLIPS JR CHARLES E bought 16,025 shares of the company’s stock in a deal that was recorded on Mar 17. The shares were price at an average price of 12.42 per share, with a total market value of 199,031. Following this completion of acquisition, the Director, REDSTONE SHARI now holds 50,450 shares of the company’s stock, valued at 1,000,292. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
5 out of 28 analysts covering the stock have rated it a Buy, while 16 have maintained a Hold recommendation on ViacomCBS Inc.. 5 analysts has assigned a Sell rating on the VIAC stock. The 12-month mean consensus price target for the company’s shares has been set at $36.52.