Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $80.00 on VeriSign, Inc. (NASDAQ:VRSN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.49 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of VeriSign, Inc. (NASDAQ:VRSN) stands at 23.95.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For VeriSign, Inc., the PEG ratio for coming 3-5 years is 2.66.
The technical analysis highlights that VeriSign, Inc. current is trading $-7.76 points away or -9.35% from its 50-day moving average of $82.93. Further it is trading $-9.78 or -11.51% away its 200-day moving average of $84.95.
The 52-week high of VeriSign, Inc. (NASDAQ:VRSN) was $93.94 while lowest point recorded in 52-week was $65.77. It implies if stock price makes a movement of over $-18.77, it will record a new 52-week high. In the case of +14.29% drop, it will touch a new 52-week low.
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