Viatris Inc (NASDAQ:VTRS) shares, rose in value, with the stock price down by -1.33% to the previous day’s close as strong demand from buyers drove the stock to $12.65.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.82, falling within a range of $12.585 and $12.835. The value of beta (5-year monthly) is 0.929. Referring to stock’s 52-week performance, its high was $13.62, and the low was $9.82. On the whole, VTRS has fluctuated by -2.69% over the past month.
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With the market capitalization of Viatris Inc currently standing at about $15.10 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 3.79%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.83B, with a low estimate of 3.6B and a high estimate of 3.64B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.62B.
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 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 VTRS currently trading nearly -2.60% and 2.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.15, while the 7-day volatility ratio is showing 2.88% which for the 30-day chart, stands at 2.32%. Furthermore, Viatris Inc (VTRS)’s beta value is 0.95, and its average true range (ATR) is 0.32.
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 -1.33% in today’s session so far, and over the past year, it grew by 24.88%%.
Data on historical trading for Viatris Inc (NASDAQ:VTRS) indicates that the trading volumes over the past 10 days have averaged 6.89 and over the past 3 months, they’ve averaged 7.69 million. According to company’s latest data on outstanding shares, there are 1.19 billion shares outstanding.
Nearly 2.44% of Viatris Inc’s shares belong to company insiders and institutional investors own 79.61% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.6 million shares as on 2024-11-29, resulting in a short ratio of 2.53. According to the data, the short interest in Viatris Inc (VTRS) stood at 196.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 24.49 million. The stock has risen by 16.81% 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.
