Verisign Inc (NASDAQ:VRSN) currently has a daily average trading volume of 881.67K but it saw 1317957 shares traded in last market. With a market cap of 23.78B USD, the company’s current market price of $252.59 came rising about 0.49 while comparing to the previous closing price of $251.36. In past 52 weeks, the stock remained buoying in the range of price level as high as $258.67 and as low as $167.04. In the recent trading on the day, stock has struck highest price mark of $250.09 while lowest mark touched by it was $256.125.
Taking a look at 20-day trading activity of Verisign Inc (VRSN) gives us an average price of $247.68, while its current price level is -2.35% below from 52-week high level whereas it is 51.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $241.56 while that of 200 days or SMA-200 reads an average of $202.71. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.14% during that period while stretching the period over a month that increases to 2.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 58.87 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Robert W. Baird which upgraded the stock as “Outperform” in its note to investors issued on December 09, 2024, recommending a price target of between $200 and $250 for it. Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on July 11, 2023 while assigning a price target range of $265-$245. Robert W. Baird also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $216 and $265.
Over the week, VRSN’s stock price is moving 2.71% up while it is 2.76% when we observe its performance for the past one month. Year-to-date it is 22.05% up and over the past year, the stock is showing an upside performance of 36.73%.
The company is expected to be releasing its next quarterly report on 2025-Apr-23, for which analysts forecasted an EPS of 2.18 while estimate for next year EPS is 8.72. In next quarter, company is expected to be making quarterly sales of $413.73M as analysts are expecting the sales for current fiscal year at $1.64B and seeing the company making $1.66B in sales next year. Moreover, analysts are in estimates of $410.27M for current-quarter revenue.
Currently, Verisign Inc’s total number of outstanding shares is 95.00M with 14.98% of that held by the insiders while 83.00% of its common stock has been owned by the institutions. It has a price to earnings ratio (P/E ratio) of 31.57 while having a 26.92 of forward P/E ratio. Stock’s beta reads 0.82. Stock has a price to sale or P/S ratio amounts to 15.27. Its return on asset (ROA) is 49.78% on average.
