NFS Capital AG recently announced the acquisition of new stake in Viomi Technology Co. Ltd (NASDAQ:VIOT). The institutional investor has increased its shareholding in the Technology company by 3.26% to 0.12 million shares with purchase of 3912.0 shares. This fresh investment now brings its stake to 0.35% valued currently at $0.13 million. In addition, Envestnet Asset Management, Inc. raised its holdings by 2738.0 to 0.11 million shares. And Mercer Global Advisors, Inc. has lifted its position by 0.63% or 264.0 shares – to 42062.0 shares.
With over 0.25 million Viomi Technology Co. Ltd (VIOT) shares trading Monday and a closing price of $1.52 on the day, the dollar volume was approximately $0.38 million. The shares have shown a negative half year performance of -3.18% and its price on 01/23/23 gained nearly 12.59%. Currently, there are 69.31M common shares owned by the public and among those 34.16M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for VIOT have a consensus price objective of $12.06. The analysts have set the share’s price value over the next 12 months at a high of $12.06 and a low of $12.06. But an upside of 87.4% will see the stock hit the forecast high price target while median target price for the stock is $12.06.
The top 3 mutual fund holders in Viomi Technology Co. Ltd are Haas invest4 innovation, DFA Dimensional Emerging Markets, and Fidelity Strategic Advisers Emerg. Haas invest4 innovation owns 0.12 million shares of the company’s stock, all valued at over $0.13 million. The company bought an additional 3912.0 shares recently to bring their total holdings to about 0.35% of the shares outstanding. Fidelity Strategic Advisers Emerg now owns shares totaling to 0.21% of the shares outstanding.
However, the script later moved the day high at 1.6000, up 12.59%. The company’s stock has a 5-day price change of 8.57% and 76.56% over the past three months. VIOT shares are trading 42.06% year to date (YTD), with the 12-month market performance down to -26.57% lower. It has a 12-month low price of $0.70 and touched a high of $2.35 over the same period. VIOT has an average intraday trading volume of 85.37K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 25.27%, 41.35%, and 14.09% respectively.
Institutional ownership of Viomi Technology Co. Ltd (NASDAQ: VIOT) shares accounts for 4.80% of the company’s 69.31M shares outstanding. Mutual fund holders own 1.49%, while other institutional holders and individual stakeholders account for 2.74% and — respectively.
It has a market capitalization of $49.66M and a beta (3y monthly) value of 0.77. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.79% over the week and 8.50% over the month.
Analysts forecast that Viomi Technology Co. Ltd (VIOT) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Comparatively, EPS for the current quarter was $0.13 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Viomi Technology Co. Ltd (VIOT) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 1 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Needham coverage for the Viomi Technology Co. Ltd (VIOT) stock in a research note released on August 21, 2019 offered a Buy rating with a price target of $12.50. Needham was of a view on October 22, 2018 that the stock is Buy, while Morgan Stanley gave the stock Overweight rating on October 22, 2018, issuing a price target of $12.90.