While Vivid Seats Inc has overperformed by 3.45%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, SEAT fell by -42.31%, with highs and lows ranging from $8.80 to $3.36, whereas the simple moving average fell by -25.26% in the last 200 days.
On May 30, 2024, DA Davidson started tracking Vivid Seats Inc (NASDAQ: SEAT) recommending Buy. A report published by Maxim Group on April 17, 2024, Initiated its previous ‘Buy’ rating for SEAT. Craig Hallum also rated SEAT shares as ‘Buy’, setting a target price of $10 on the company’s shares in an initiating report dated February 09, 2024. Morgan Stanley Initiated an Equal-Weight rating on August 01, 2023, and assigned a price target of $9.50. BofA Securities initiated its ‘Buy’ rating for SEAT, as published in its report on July 24, 2023. Imperial Capital’s report from March 24, 2023 suggests a price prediction of $9 for SEAT shares, giving the stock a ‘Outperform’ rating. Deutsche Bank also rated the stock as ‘Hold’.
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Analysis of Vivid Seats Inc (SEAT)
Further, the quarter-over-quarter increase in sales is 19.92%, showing a positive trend in the upcoming months.
Vivid Seats Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.73, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and SEAT has an average volume of 1.48M. On a monthly basis, the volatility of the stock is set at 5.25%, whereas on a weekly basis, it is put at 4.81%, with a gain of 9.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $7.40, showing growth from the present price of $3.90, which can serve as yet another indication of whether SEAT is worth investing in or should be passed over.
How Do You Analyze Vivid Seats Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 46.24%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 52.37% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
SEAT shares are owned by institutional investors to the tune of 52.37% at present.
