Viasat Inc (VSAT) stock price fell 3.26% on July 7, reaching an intraday low of $15.71. Trading volume was 1,234,858 shares, 31.7% of the average daily volume of 3,891,503. Analysts forecast an average target price of $19.67, with a high estimate of $52.00 and a low estimate of $10.00, indicating a potential upside of 24.87%. The estimated GF Value for Viasat Inc is $23.13, suggesting a potential upside of 46.86%.
On July 7, Viasat Inc. (VSAT) stock price experienced a significant decline, falling by 3.26% to an intraday low of $15.71. This drop was accompanied by a trading volume of 1,234,858 shares, which represented 31.7% of the average daily volume of 3,891,503 shares [1].
Analysts have provided a range of target prices for VSAT stock, with an average estimate of $19.67, a high estimate of $52.00, and a low estimate of $10.00. This range suggests a potential upside of 24.87% from the current stock price [1].
Additionally, the estimated GF Value for Viasat Inc. is $23.13, indicating a potential upside of 46.86% [1].
Viasat Inc. operates in the telecommunications services and cable supplier industry, providing satellite communications, jam-resistant data links, communications security, and communications simulation and testing. The company's key product is demand-assigned multiple access technology, which allows a large number of small aperture terminal subscribers to share the same satellite transponders [1].
The recent drop in stock price may be attributed to market volatility and investor sentiment. However, analysts remain optimistic about the company's long-term prospects, citing its strong revenue growth and the potential for further expansion in its satellite communications business [1].
In conclusion, while the recent decline in VSAT stock price is notable, investors should consider the company's strong fundamentals and growth prospects before making any investment decisions.
References:
[1] https://www.forbes.com/companies/viasat/
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