The trading price of VMware, Inc. (NYSE:VMW) floating lower at last check on Wednesday, Jan 13, closing at $142.91, -7.54% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $131.75 and $137.72. The company’s P/E ratio in the trailing 12-month period was 37.63, while its 5Y monthly beta was 0.77. In examining the 52-week price action we see that the stock hit a 52-week high of $163.17 and a 52-week low of $86. Over the past month, the stock has gained 0.75% in value.
VMware, Inc., whose market valuation is $60.49 Billion at the time of this writing, is expected to release its quarterly earnings report Feb 25, 2021- Mar 01, 2021. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $2.05 per share this quarter, however they have predicted annual earnings per share of $7.05 for 2021 and $6.96 for 2022. It means analysts are expecting annual earnings per share growth of 0.13% this year and -0.01% next year.
Analysts have forecast the company to bring in revenue of $3.23 Billion for the quarter, with the likely lows of $3.22 Billion and highs of $3.29 Billion. The average estimate suggests sales will likely up by 5.2% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $11.71 Billion. The company’s revenue is forecast to grow by +8.3% over what it did in 2020.
On the technical side, indicators suggest VMW has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned VMW a recommendation rating is 28. Out of them, 8 rate it a Hold, while 17 recommend Buy, whereas 3 assign an Outperform rating. None analyst(s) have tagged VMware, Inc. (VMW) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 4.28, which symbolizes a positive outlook. A quick review shows that VMW’s price is currently -6.87% off the SMA20 and -6.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 35.97, and weekly volatility stands at 3%. When measured over the past 30 days, the indicator reaches 2.84%. VMware, Inc. (NYSE:VMW)’s beta value is currently sitting at 0.77, while the Average True Range indicator is currently displaying 3.74. With analysts defining $147-$200 as the low and high price targets, we arrive at a consensus price target of $174.13 for the trailing 12-month period. The current price is about 11.25% off the estimated low and 51.37% off the forecast high, based on this estimate. Investors will be thrilled if VMW’s share price rises to $175, which is the median consensus price. At that level, VMW’s share price would be +32.45% above current price.
To see how VMware, Inc. stock has been performing today in comparison to its peers in the industry, here are the numbers: VMW stock’s performance was -7.54% at last check in today’s session, and -5.98% in the past year, while Microsoft Corp (MSFT) has been trading +0.22% in recent session and positioned +31.63% higher than it was a year ago. Another comparable company Adobe Systems Inc (ADBE) saw its stock trading 0.88% higher in today’s session but was up +36.46% in a year. Furthermore, Salesforce.com Inc (CRM) showed a decline of -7.54% today while its price kept declining at -5.98% over the past year. VMware, Inc. has a P/E ratio of 37.63, compared to Microsoft Corp’s 34.68 and Adobe Systems Inc’s 43.5. Also during today’s trading, the S&P 500 Index has surged 0.11%, while the Dow Jones Industrial also saw a negative seesion, down -0.1% today.
An evaluation of the daily trading volume of VMware, Inc. (NYSE:VMW) indicates that the 3-month average is 1.21 Million. However, this figure has declined over the past 10 days to an average of 1.07 Million.
Currently, records show that 112.56 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 28.3% of outstanding shares, whereas institutions hold 70.57%. The stats also highlight that short interest as of December 30, 2020, stood at 9.28 Million shares, resulting in a short ratio of 6.85 at that time. From this, we can conclude that short interest is 2.21% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 9.23 Million. However, since the stock’s price has seen +1.89% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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