The trading price of ViacomCBS Inc. (NASDAQ:VIAC) floating higher at last check on Monday, Feb 22, closing at $62.69, 5.09% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $63.41 and $66.88. The company’s P/E ratio in the trailing 12-month period was 15.48, while its 5Y monthly beta was 1.88. In examining the 52-week price action we see that the stock hit a 52-week high of $63.73 and a 52-week low of $10.1. Over the past month, the stock has gained 44.58% in value.
ViacomCBS Inc., whose market valuation is $38.36 Billion at the time of this writing, is expected to release its quarterly earnings report on February 24, 2021. The dividend yield on the company stock is 1.53, while its Forward Dividend ratio is 0.96. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.02 per share this quarter, however they have predicted annual earnings per share of $4.3 for 2021 and $4.14 for 2022. It means analysts are expecting annual earnings per share growth of -0.14% this year and -0.04% next year.
Analysts have forecast the company to bring in revenue of $6.88 Billion for the quarter, with the likely lows of $6.6 Billion and highs of $7.46 Billion. The average estimate suggests sales will likely up by 0.2% 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 $25.91 Billion. The company’s revenue is forecast to drop by -6.8% over what it did in 2020.
On the technical side, indicators suggest VIAC has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
An evaluation of the daily trading volume of ViacomCBS Inc. (NASDAQ:VIAC) indicates that the 3-month average is 14.3 Million. However, this figure has declined over the past 10 days to an average of 12.88 Million.
Currently, records show that 564.98 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 4.15% of outstanding shares, whereas institutions hold 91.45%. The stats also highlight that short interest as of January 28, 2021, stood at 88.16 Million shares, resulting in a short ratio of 5.09 at that time. From this, we can conclude that short interest is 14.28% of the company’s total outstanding shares. It is noteworthy that short shares in January were down slightly from the previous month’s figure, which was 117.92 Million. However, since the stock’s price has seen +68.25% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.