Reflections On The Past For Investors Today: Vimeo Inc (NASDAQ: VMEO)

Vimeo Inc (NASDAQ:VMEO) does about 3.51M shares in volume on a normal day but saw 1976289 shares change hands in Friday’s trading. The company now has a market cap of 641.91M USD. Its current market price is $3.82, marking a decrease of -3.05% compared to the previous close of $3.94. The 52 week high reached by this stock is $5.77 whilst the lowest price level in 52 weeks is $3.02.

Vimeo Inc (VMEO) has a 20-day trading average at $3.65 and the current price is -33.80% off the 52-week high compared with 26.70% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.22 and its 200-day simple moving average is $3.88. If we look at the stock’s price movements over the week, volatility stands at 6.23%, which decreases to 4.45% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.84 to suggest the stock is neutral.

The consensus objective for the share price is $5.60, suggesting that the stock has a potential upside of 31.79% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 05, 2024 when Jefferies downgraded the stock to “Hold” and issued a price target of between $7 and $4. Piper Sandler also downgraded the stock to “Neutral” from Overweight on May 06, 2022 at a price target of $18-$10. JP Morgan reiterated its price target at $30-$21.

Vimeo Inc (VMEO) stock is up 4.09% over the week and 3.24% over the past month. Its price is -2.55% year-to-date and 8.22% over the past year.

To reach the target analysts have set, the stock logically needs to grow 31.79 percent from here.

The company has a return on investment of 7.01% and return on equity of 7.60%. The price to earnings ratio (P/E ratio) amounts to 22.55 while the forward price to earnings ratio is 74.12. The beta has a value of 2.05. Price to book ratio is 1.64 and price to sales ratio is 1.53.