VEON Ltd. (NASDAQ:VEON) shares, rose in value on Friday, May 13, with the stock price up by 4.93% to the previous day’s close as strong demand from buyers drove the stock to $0.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $0.45, falling within a range of $0.4266 and $0.4773. The value of beta (5-year monthly) is 1.33 whereas the PE ratio is 1.51 over 12-month period. Referring to stock’s 52-week performance, its high was $2.38, and the low was $0.24. On the whole, VEON has fluctuated by -22.46% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to increase to $0.09 for fiscal year $0.29 and then to about $0.37 by fiscal year 2022. Data indicates that the EPS growth is expected to be 20.80% in 2022, while the next year’s EPS growth is forecast to be 27.60%.
Analysts have estimated the company’s revenue for the quarter at $2.04 billion, with a low estimate of $1.99 billion and a high estimate of $2.11 billion. According to the average forecast, sales growth in current quarter could jump up 1.90%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2022, the company’s y-o-y revenues would reach $8.15 billion, representing an increase of 2.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that VEON’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VEON currently trading nearly -18.35% and -15.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.47, while the 7-day volatility ratio is showing 8.04% which for the 30-day chart, stands at 5.76%. Furthermore, VEON Ltd. (VEON)’s beta value is 1.50, and its average true range (ATR) is 0.04. The company’s stock has been forecasted to trade at an average price of $2.55 over the course of the next 52 weeks, with a low of $2.55 and a high of $2.55. Based on these price targets, the low is -442.55% off current price, whereas the price has to move -442.55% to reach the yearly target high. Additionally, analysts’ median price of $2.55 is likely to be welcomed by investors because it represents a decrease of -442.55% from the current levels.
A comparison of VEON Ltd. (VEON) with its peers suggests the former has fared considerably weaker in the market. VEON showed an intraday change of 4.93% in today’s session so far, and over the past year, it shrunk by -75.22%%. In comparison, Vodafone Group Public Limited Company (VOD) has moved lower at -0.54% today and is down -25.94% over the past 12 months. On the other hand, the price of Orange S.A. (ORAN) has risen 0.36% today. The stock, however, is off -5.18% from where it was a year ago. Additionally, there is a gain of 1.91% for TELUS Corporation (TU) in recent trading while the stock has seen an overall depriciation of 10.15%% over the past year. The PE ratio stands at 1.51 for VEON Ltd., and 3017.50 for Orange S.A. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it gained 2.38%. Meanwhile, the Dow Jones Industrial Improved by 1.54%.
Data on historical trading for VEON Ltd. (NASDAQ:VEON) indicates that the trading volumes over the past 10 days have averaged 5.57 million and over the past 3 months, they’ve averaged 34.21 million. According to company’s latest data on outstanding shares, there are 1.75 billion shares outstanding.
Nearly 39.60% of VEON Ltd.’s shares belong to company insiders and institutional investors own 29.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.88 million shares as on Dec 14, 2021, resulting in a short ratio of 6.63. According to the data, the short interest in VEON Ltd. (VEON) stood at 1.65% of shares outstanding as of Dec 14, 2021; the number of short shares registered in Nov 14, 2021 reached 30.44 million. The stock has fallen by -73.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VEON stock heading into the next quarter.