ViaSat, Inc. (VSAT) Shares Tick Up after Upgrade at Raymond James Financial, Inc.

ViaSat, Inc. (NASDAQ: VSAT) shares rose in value on Tuesday February 7 on lighter trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

U.S. stocks were up in early trade on Tuesday which could put the equity market on track to set new records.

Investors were focusing on earnings, with GM and Michael Kors making moves after reporting early.

S&P 500 futures ESH7, +0.31% rose 7 points, or 0.3%, to 2,293.50, while Dow Jones Industrial Average futures YMH7, +0.46% tacked on 70 points, or 0.4%, to 20,042. Nasdaq-100 futures NQH7, +0.48% added 14 points, or 0.3%, to 5,171.75.

Analysts at Raymond James Financial, Inc. upgraded shares of ViaSat, Inc. (NASDAQ: VSAT) from Market Perform to Outperform today. With a rating of Outperform on the shares, ViaSat, Inc. has a 52-week high of $82.19. As a means of comparison, a number of other analysts have issued reports on the stock recently, and the company has earned a consensus one-year price target of $68.33, above the opening price of $66.92. Usually, after analysts give an upgrade report on a stock, they will later issue sporadic updates, such as a price target change.

Shares of ViaSat, Inc. (NASDAQ: VSAT) opened at $66.92 yesterday trading between $66.32 and $66.93, and last traded at $66.42, a jump of $1.68 over the previous closing price.

ViaSat, Inc. (NASDAQ: VSAT) currently has a market cap of 3.29B.

ViaSat, Inc. (NASDAQ: VSAT) Average Daily Trading Volume

The stock’s average daily volume is 510,139 shares out of a total float 32,625,000 and some 104,173 shares traded hands yesterday, 115 percent below the norm. lower than normal. Look for trading volume to pick up in the coming days as swing traders often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.

While increased trading for short periods will not mean much will not mean much, however, a trend of heavy trading volume on the buy side over a period of days or weeks sends a positive signal to market traders that institutions may be moving in, so institutional sponsorship is very important.

Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These professional investors retain teams of analysts that investigate thousands of stocks, so it is good validation to see them taking a postion in a stock you’re researching.

ViaSat, Inc. (NASDAQ: VSAT) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By tracking the activity of these professional investors—and the moving averages they affect—it allows for traders to make more effective decisions on trades.

With that in mind, ViaSat, Inc. (NASDAQ: VSAT) now has a 50-day MA of $65.67 and 200-day MA of $71.46. It has traded in a 52-week range between $56.02 – 82.19 and today’s last price is 19.19%% lower than the 52 week high of $82.19.

Earnings growth is a crucial factor to look at when investing in stocks and investors identify companies that have been successful at growing their earnings by at least 25% over 3 consecutive years.

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