LUNRW - What To Do After Viasat Stock Soared
2025-01-27 13:14:10 ET
Summary
- Viasat secured a $4.8 billion NASA contract, boosting its stock despite a 56% decline since August 2024.
- Space stocks surged on Jan. 22, 2025, further lifting VSAT stock, which had formed a bullish "double bottom" at $7.50.
- Despite a "Strong Sell" rating from Seeking Alpha Quant, Viasat trades at a valuation discount and shows growth in aviation and government satcom services.
- Warning: Short sellers hold a 20.9% short float against Viasat, indicating high risks. Traders may consider booking profits after the recent rally.
Weeks after Viasat, Inc. ( VSAT ) shares traded below $8, near their low for the year, the company announced a multi-billion dollar contract with NASA. Additionally, space stocks soared on Jan. 22, 2025, giving VSAT stock another unexpected boost. Since last August 2024, the stock lost nearly 56% on this “Buy” rating ....
What To Do After Viasat Stock Soared