Last Updated: 08 Nov 2024
Executive Summary
ViaSat Inc. (VSAT) is a global provider of broadband and communications products and services. The company has a market capitalization of $1.34 billion and is headquartered in Carlsbad, California. ViaSat's stock price has been under pressure in recent months, falling from a 52-week high of $29.11 to a current price of $9.48. Despite the recent decline, analysts remain bullish on ViaSat's long-term prospects, with a consensus price target of $28.60.
Company Overview
ViaSat was founded in 1986 and has grown into a leading provider of satellite-based broadband services. The company's products and services are used by a variety of customers, including consumers, businesses, and governments. ViaSat has a strong track record of innovation and has been a pioneer in the development of new satellite technologies.
Fundamental Analysis
ViaSat's financial performance has been mixed in recent years. The company has reported negative earnings per share (EPS) in each of the past four quarters. However, ViaSat's revenue has grown steadily, and the company has generated positive EBITDA in each of the past four quarters. ViaSat's balance sheet is strong, with the company having a low level of debt and a high level of cash and equivalents.
Technical Analysis
ViaSat's stock price has been in a downtrend since early 2022. The stock has broken below its 50-day and 200-day moving averages and is currently trading near its 52-week low. The technical indicators are bearish, and the stock is likely to continue to decline in the short term.
Short Term Outlook
The short-term outlook for ViaSat is negative. The stock is trading below its key moving averages and the technical indicators are bearish. The stock is likely to continue to decline in the short term.
Long Term Outlook
The long-term outlook for ViaSat is more positive. The company has a strong track record of innovation and is well-positioned to benefit from the growing demand for satellite-based broadband services. The company's financial performance is expected to improve in the long term, and the stock is likely to recover from its recent decline.
Analyst Recommendations
Analysts are bullish on ViaSat's long-term prospects. The consensus price target is $28.60, which represents a significant upside potential from the current price. Out of the 10 analysts covering the stock, 1 has a strong buy rating, 2 have a buy rating, 6 have a hold rating, and 1 has a sell rating.
