Teva- Pharmaceutical Industries Ltd. ADR (NYSE:TEVA) shares, rose in value on Friday, November 01, with the stock price up by 0.90% to the previous day’s close as strong demand from buyers drove the stock to $18.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $18.44, falling within a range of $18.365 and $18.665. The value of beta (5-year monthly) is 0.879. Referring to stock’s 52-week performance, its high was $19.08, and the low was $8.55. On the whole, TEVA has fluctuated by 7.05% over the past month.
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With the market capitalization of Teva- Pharmaceutical Industries Ltd. ADR currently standing at about $21.08 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 16.26B, with a low estimate of 4.02B and a high estimate of 4.19B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.12B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TEVA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TEVA currently trading nearly 3.34% and 3.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.75, while the 7-day volatility ratio is showing 2.22% which for the 30-day chart, stands at 2.14%. Furthermore, Teva- Pharmaceutical Industries Ltd. ADR (TEVA)’s beta value is 0.87, and its average true range (ATR) is 0.41.
A comparison of Teva- Pharmaceutical Industries Ltd. ADR (TEVA) with its peers suggests the former has fared considerably weaker in the market. TEVA showed an intraday change of 0.90% in today’s session so far, and over the past year, it grew by 112.40%%.
Data on historical trading for Teva- Pharmaceutical Industries Ltd. ADR (NYSE:TEVA) indicates that the trading volumes over the past 10 days have averaged 5.2 and over the past 3 months, they’ve averaged 6.81 million. According to company’s latest data on outstanding shares, there are 1.13 billion shares outstanding.
Nearly 0.01% of Teva- Pharmaceutical Industries Ltd. ADR’s shares belong to company insiders and institutional investors own 54.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.91 million shares as on 2024-10-15, resulting in a short ratio of 3.41. According to the data, the short interest in Teva- Pharmaceutical Industries Ltd. ADR (TEVA) stood at 177.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 30.34 million. The stock has risen by 78.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TEVA stock heading into the next quarter.
