While Viant Technology Inc has underperformed by -0.66%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DSP rose by 162.28%, with highs and lows ranging from $21.74 to $6.50, whereas the simple moving average jumped by 50.92% in the last 200 days.
On December 05, 2024, Scotiabank started tracking Viant Technology Inc (NASDAQ: DSP) recommending Sector Outperform. A report published by Canaccord Genuity on November 13, 2024, Upgraded its rating to ‘Buy’ for DSP. Needham also reiterated DSP shares as ‘Buy’, quoting a target price of $12 on the company’s shares in a report dated March 05, 2024. Craig Hallum Initiated an Buy rating on October 18, 2022, and assigned a price target of $7. UBS initiated its ‘Neutral’ rating for DSP, as published in its report on December 02, 2021. JMP Securities’s report from September 27, 2021 suggests a price prediction of $18 for DSP shares, giving the stock a ‘Mkt Outperform’ rating. Berenberg also rated the stock as ‘Buy’.
Analysis of Viant Technology Inc (DSP)
Further, the quarter-over-quarter increase in sales is 34.13%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Viant Technology Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 2.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.77, 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and DSP is recording an average volume of 191.72K. On a monthly basis, the volatility of the stock is set at 5.65%, whereas on a weekly basis, it is put at 5.75%, with a loss of -4.42% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.57, showing growth from the present price of $18.15, which can serve as yet another indication of whether DSP is worth investing in or should be passed over.
How Do You Analyze Viant Technology Inc Shares?
Viant Technology Inc (DSP) is based in the USA and is one of the most prominent companies operating in the Software – Application market. When comparing Viant Technology Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 324.11, there is a growth in quarterly earnings of 320.47%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 10.24%. 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 48.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
DSP shares are owned by institutional investors to the tune of 48.31% at present.
