Vislink Technologies Inc. (NASDAQ: VISL) Stock Forecast: $60.00 Per Share In 2021 With Positive Signs

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In the last trading session, 2.57 million shares of the Vislink Technologies Inc. (NASDAQ:VISL) were traded, and its beta was 1.84. Most recently the company’s share price was $1.62, and it changed around -$0.01 or -0.61% from the last close, which brings the market valuation of the company to $74.70M. VISL currently trades at a discount to its 52-week high of $5.35, offering almost -230.25% off that amount. The share price’s 52-week low was $1.15, which indicates that the current value has risen by an impressive 29.01% since then. We note from Vislink Technologies Inc.’s average daily trading volume that its 10-day average is 2.39 million shares, with the 3-month average coming to 2.65 million.

Instantly VISL has showed a red trend with a performance of -0.61% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9400 on Friday, 11/19/21 increased the stock’s daily price by 16.49%. The company’s shares are currently up 22.73% year-to-date, but still down -8.99% over the last five days. On the other hand, Vislink Technologies Inc. (NASDAQ:VISL) is -2.99% down in the 30-day period. We can see from the shorts that 5.37 million shares have been sold at a short interest cover period of 2.03 day(s).

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The consensus price target as assigned by Wall Street analysts is $60.00, which translates to bulls needing to increase their stock price by 97.3% from its current value. Analyst projections state that VISL is forecast to be at a low of $60.00 and a high of $60.00. In order for the stock price to hit the forecast high, the stock would need to plunge -3603.7% from its current level, while the stock would need to crash -3603.7% from its current level to reach the projected low.

Vislink Technologies Inc. (VISL) estimates and forecasts

The year-over-year growth rate is expected to be -20.40%, down from the previous year.

Consensus estimates provided by 1 financial analysts predict the company will bring in an average of $9.73 million in revenue for the current quarter. 1 analysts expect Vislink Technologies Inc. to make $9.42 million in revenue for the quarter ending Jun 2018. The company’s sales for the same quarters a year ago were $9.34 million and $14.22 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 4.20%. Forecasts for the next quarter put sales growth at -33.70%.

Vislink Technologies Inc. earnings are expected to increase by 90.20% in 2021, but the outlook is positive 20.00% per year for the next five years.

VISL Dividends

Vislink Technologies Inc.’s next quarterly earnings report is expected to be released on April 01.

Vislink Technologies Inc. (NASDAQ:VISL)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.17% of Vislink Technologies Inc. shares, and 25.29% of them are in the hands of institutional investors. The stock currently has a share float of 25.33%. Vislink Technologies Inc. stock is held by 33 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2021, it held 4.21% of the shares, which is about 1.92 million shares worth $5.63 million.

Blackrock Inc., with 1.66% or 0.76 million shares worth $2.22 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 30, 2021. The former held 1.15 million shares worth $3.38 million, making up 2.53% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 0.71 million shares worth around $2.07 million, which represents about 1.55% of the total shares outstanding.