Last Updated: 19 Sep 2024
Executive Summary
Vizio Holding Corp. (VZIO) is a leading manufacturer of household audio and video equipment. The company has a market capitalization of $2.25 billion and trades on the NYSE. Vizio's latest stock price is $11.2, which is below its 52-week high of $11.3 and above its 52-week low of $4.82.
Company Overview
Vizio was founded in 2002 and is headquartered in Irvine, California. The company designs, manufactures, and markets a wide range of consumer electronics products, including TVs, sound bars, home theater systems, and smart home devices. Vizio's products are sold through a variety of channels, including mass merchants, electronics stores, and online retailers.
Fundamental Analysis
Vizio's financial performance has been mixed in recent years. The company's revenue has grown steadily, but its profitability has declined. In 2023, Vizio reported revenue of $1.72 billion and a net loss of $11.1 million. The company's gross profit margin was 18.2%, and its operating margin was -0.6%.
Vizio's financial performance is expected to improve in the coming years. The company is benefiting from the growing demand for smart home devices and the increasing popularity of streaming services. Vizio is also expanding its product line and entering new markets.
Technical Analysis
Vizio's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is also above 50, which indicates that the stock is overbought.
Short Term Outlook
Vizio's stock price is expected to continue to trend higher in the short term. The stock is currently trading at a discount to its analyst target price of $11.36. The stock's technical indicators are also positive, which suggests that the stock is likely to continue to rise.
Long Term Outlook
Vizio's stock price is expected to continue to grow in the long term. The company is a leader in the growing smart home market. Vizio is also expanding its product line and entering new markets. These factors are expected to drive the company's growth in the coming years.
Analyst Recommendations
Analysts are bullish on Vizio's stock. The majority of analysts have a "hold" rating on the stock. However, some analysts have a "buy" rating on the stock. The average analyst target price for Vizio's stock is $11.36.
