Viatris Inc (NASDAQ:VTRS) shares, rose in value, with the stock price down by -0.70% to the previous day’s close as strong demand from buyers drove the stock to $11.33.
Actively observing the price movement in the last trading, the stock closed the session at $11.41, falling within a range of $11.245 and $11.45. The value of beta (5-year monthly) was 0.93. Referring to stock’s 52-week performance, its high was $13.62, and the low was $8.74. On the whole, VTRS has fluctuated by -0.09% over the past month.
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With the market capitalization of Viatris Inc currently standing at about $13.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 4.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.81B, with a low estimate of 3.65B and a high estimate of 3.78B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.71B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VTRS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of VTRS currently trading nearly -1.83% and -2.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.44, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 2.31%. Furthermore, Viatris Inc (VTRS)’s beta value is 0.93, and its average true range (ATR) is 0.27.
A comparison of Viatris Inc (VTRS) with its peers suggests the former has fared considerably weaker in the market. VTRS showed an intraday change of -0.70% in last session, and over the past year, it grew by 17.78%%.
Data on historical trading for Viatris Inc (NASDAQ:VTRS) indicates that the trading volumes over the past 10 days have averaged 5.56 and over the past 3 months, they’ve averaged 8.22 million. According to company’s latest data on outstanding shares, there are 1.20 billion shares outstanding.
Nearly 2.05% of Viatris Inc’s shares belong to company insiders and institutional investors own 82.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 26.31 million shares as on 2024-09-30, resulting in a short ratio of 2.54. According to the data, the short interest in Viatris Inc (VTRS) stood at 251.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 39.58 million. The stock has risen by 4.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VTRS stock heading into the next quarter.
