Visa Inc (NYSE:V) shares, rose in value on Friday, November 22, with the stock price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $310.41.
Actively observing the price movement in the recent trading, the stock is buoying the session at $309.90, falling within a range of $307.97 and $311.59. The value of beta (5-year monthly) is 0.952 whereas the PE ratio is 32.36 over 12-month period. Referring to stock’s 52-week performance, its high was $312.44, and the low was $251.61. On the whole, V has fluctuated by 9.60% over the past month.
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With the market capitalization of Visa Inc currently standing at about $551.28 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 2.15, with its dividend yield at 0.69%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 39.39B, with a low estimate of 9.23B and a high estimate of 9.45B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that V’s technical picture suggests that short-term indicators denote the stock is a 100% 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 PEG ratio is about 2.52, with the price of V currently trading nearly 2.74% and 7.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.40, while the 7-day volatility ratio is showing 1.42% which for the 30-day chart, stands at 1.41%. Furthermore, Visa Inc (V)’s beta value is 0.96, and its average true range (ATR) is 4.58.
A comparison of Visa Inc (V) with its peers suggests the former has fared considerably weaker in the market. V showed an intraday change of 0.17% in today’s session so far, and over the past year, it grew by 22.35%%.
Data on historical trading for Visa Inc (NYSE:V) indicates that the trading volumes over the past 10 days have averaged 5.07 and over the past 3 months, they’ve averaged 6.34 million. According to company’s latest data on outstanding shares, there are 1.73 billion shares outstanding.
Nearly 12.72% of Visa Inc’s shares belong to company insiders and institutional investors own 81.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 19.62 million shares as on 2024-10-31, resulting in a short ratio of 3.5. According to the data, the short interest in Visa Inc (V) stood at 113.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 23.36 million. The stock has risen by 19.23% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the V stock heading into the next quarter.
