Long Position on VZIO @ $21.50 on 11/16/2021 (Fundamentals)

VIZIO Holding Corp., (VZIO) through its subsidiaries, provides smart televisions, sound bars, and accessories in the United States.

It also operates Platform+ that comprises SmartCast, a Smart TV operating system, enabling integrated home entertainment solution, and data intelligence and services products through Inscape.

Its SmartCast delivers content and applications through an easy-to-use interface, as well as supports streaming apps and hosts its free ad-supported video app, WatchFree, and VIZIO Free Channels. In addition, the company provides support for third-party voice platforms.

It sells its products to retailers and through online channels. The company was incorporated in 2002 and is headquartered in Irvine, California.

Vizio Holding Corp reported a 3rd Quarter September 2021 loss of $0.10 per share on revenue of $588.3 million. The consensus estimate was a loss of $0.09 per share on revenue of $588.3 million.

This stock should see an increase in share prices as it breaks out of its "bullish flag" formation following earnings on November 9th.

Entry Point: $21.50

Trading Range: $17.30 - $28.80

Stop Loss: $20.45

Target Price: $23.65

Position closed on 2/1/2022 at price of $20.00 with a -6.98% loss in 77 days.

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