Thinking Of Investing In Vimeo Inc. (NASDAQ: VMEO) Stock? Here’s What You Need To Know

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Vimeo Inc. (NASDAQ:VMEO) shares, rose in value on Wednesday, 08/03/22, with the stock price up by 6.07% to the previous day’s close as strong demand from buyers drove the stock to $6.81.

Actively observing the price movement in the last trading, the stock closed the session at $6.42, falling within a range of $6.38 and $6.90. Referring to stock’s 52-week performance, its high was $45.88, and the low was $5.33. On the whole, VMEO has fluctuated by 12.56% over the past month.

With the market capitalization of Vimeo Inc. currently standing at about $1.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 04, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.17, which is expected to increase to -$0.12 for fiscal year -$0.58 and then to about -$0.47 by fiscal year 2023. Data indicates that the EPS growth is expected to be -75.80% in 2023, while the next year’s EPS growth is forecast to be 19.00%.

Analysts have estimated the company’s revenue for the quarter at $108.68 million, with a low estimate of $107.63 million and a high estimate of $111 million. According to the average forecast, sales growth in current quarter could jump up 13.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $445.6 million, representing an increase of 13.80% from the revenues reported in the last year’s results.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VMEO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VMEO currently trading nearly 12.69% and -1.37% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.36, while the 7-day volatility ratio is showing 8.33% which for the 30-day chart, stands at 7.17%. Furthermore, Vimeo Inc. (VMEO)’s average true range (ATR) is 0.44.

Data on historical trading for Vimeo Inc. (NASDAQ:VMEO) indicates that the trading volumes over the past 10 days have averaged 2.02 million and over the past 3 months, they’ve averaged 2.27 million. According to company’s latest data on outstanding shares, there are 161.31 million shares outstanding.

Nearly 2.20% of Vimeo Inc.’s shares belong to company insiders and institutional investors own 95.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.12 million shares as on Jul 14, 2022, resulting in a short ratio of 2.12. According to the data, the short interest in Vimeo Inc. (VMEO) stood at 3.68% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 5.37 million. The stock has fallen by -62.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VMEO stock heading into the next quarter.