VIZIO Stock Pops 8%: Time To Invest?

According to the graph, VIZIO was surging for the whole day. Moreover, the price indicators of the company were changing and showing positive volume from $19.57 to $21.24 which represents an 8% increase. Furthermore, VIZIO has completed “upfront” advertising negotiations with more than $100 million in commitments, up fourfold from last year. For today, the total market capitalization of the company is 3.988B. Vizio is becoming a household name in smart TVs, but that’s a cutthroat market characterized by manufacturers that push their flat-screen high-def televisions at perpetually dropping prices. Despite that $21 a share IPO price, Vizio stock opened its first day of trading at $17.50 and closed that session at $19.10. Vizio’s TV sales rose by just 7% last year to $1.9 billion. Sales from Vizio’s platform segment surged by 133% last year, and while it accounted for just 7% of revenue in 2020, it provided 38% of total gross profit.