Stock To Watch: VeriSign, Inc. (NASDAQ:VRSN)


The leading market experts have placed a mean price target of $79.80 on VeriSign, Inc. (NASDAQ:VRSN) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.89 a share for the upcoming quarter and $3.50 for the current fiscal. Technical View The technical analysis of VeriSign, Inc. plainly substantiates that the 50-day moving average of VeriSign, Inc. is $84.73, and stock is hovering 2.17 or +2.57% distant from $84.73. It is noted that the 200-day MA is $84.65, and VeriSign, Inc. stock is $2.25 or +2.66% off from this point. VeriSign, Inc. (NASDAQ:VRSN) 52-week high is $93.94 and the 52-week low is $61.31. This explains if the stock moves $-7.04, it will post a 52-week high. In event of $+41.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of VeriSign, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, VeriSign, Inc. (NASDAQ:VRSN) ratio came in at 29.16. The stock last ended the trading session at $86.90 and registered a market cap of $9.43B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. VeriSign, Inc. (NASDAQ:VRSN) PEG ratio is at 2.99.

1 Chart Pattern Every Investor Should Know

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