Vodafone Group Public Limited Company (NASDAQ:VOD) price on Friday, March 17, fall -2.58% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.95.
A look at the stock’s price movement, the close in the last trading session was $11.24, moving within a range at $10.89 and $11.08. The beta value (5-Year monthly) was 0.60 while the PE ratio in trailing twelve months stood at 14.18. Turning to its 52-week performance, $17.67 and $9.94 were the 52-week high and 52-week low respectively. Overall, VOD moved -11.76% over the past month.
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Vodafone Group Public Limited Company’s market cap currently stands at around $29.37 billion. The company has a Forward Dividend ratio of 0.95, with its dividend yield at 8.64%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that VOD is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.68, with VOD’s current price about -7.49% and -4.72% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.71, while 7-day volatility ratio is 1.71% and 1.79% in the 30-day chart. Further, Vodafone Group Public Limited Company (VOD) has a beta value of 0.77, and an average true range (ATR) of 0.29.
In the market, a comparison of Vodafone Group Public Limited Company (VOD) and its peers suggest the former has performed considerably weaker. Data shows VOD’s intraday price has changed -2.58% in last session and -33.88% over the past year. Looking at another peer, we see that Millicom International Cellular S.A. (TIGO) price has gained 4.84% on the day. However, the stock is -9.15% off its price a year ago. Moreover, Orange S.A. (ORAN) is also down -0.79% in trading on the day while keeping a a downtrend of -3.08% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -1.10% and -1.19% respectively in the last trading.
If we refocus on Vodafone Group Public Limited Company (NASDAQ:VOD), historical trading data shows that trading volumes averaged 11.39 million over the past 10 days and 8.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.70 billion shares.
The 0.20% of Vodafone Group Public Limited Company’s shares are in the hands of company insiders while institutional holders own 9.50% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.22 million on Jan 12, 2023, giving us a short ratio of 0.34. The data shows that as of Jan 12, 2023 short interest in Vodafone Group Public Limited Company (VOD) stood at 0.12% of shares outstanding, with shares short falling to 4.39 million registered in Dec 14, 2022. Current price change has pushed the stock 8.20% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VOD stock continues to rise going into the next quarter.