Verizon Communications Inc (NYSE:VZ) shares, rose in value on Friday, January 03, with the stock price up by 0.10% to the previous day’s close as strong demand from buyers drove the stock to $40.25.
Actively observing the price movement in the recent trading, the stock is buoying the session at $40.21, falling within a range of $40.11 and $40.4374. The value of beta (5-year monthly) is 0.418 whereas the PE ratio is 17.35 over 12-month period. Referring to stock’s 52-week performance, its high was $45.36, and the low was $37.56. On the whole, VZ has fluctuated by -8.17% over the past month.
With the market capitalization of Verizon Communications Inc currently standing at about $169.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.67, with its dividend yield at 6.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 134.47B, with a low estimate of 34.93B and a high estimate of 36.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 35.33B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VZ’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.78, with the price of VZ currently trading nearly -1.51% and -3.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.17, while the 7-day volatility ratio is showing 1.23% which for the 30-day chart, stands at 1.54%. Furthermore, Verizon Communications Inc (VZ)’s beta value is 0.44, and its average true range (ATR) is 0.59.
A comparison of Verizon Communications Inc (VZ) with its peers suggests the former has fared considerably weaker in the market. VZ showed an intraday change of 0.10% in today’s session so far, and over the past year, it grew by 2.79%%.
Data on historical trading for Verizon Communications Inc (NYSE:VZ) indicates that the trading volumes over the past 10 days have averaged 19.74 and over the past 3 months, they’ve averaged 17.26 million. According to company’s latest data on outstanding shares, there are 4.21 billion shares outstanding.
Nearly 0.05% of Verizon Communications Inc’s shares belong to company insiders and institutional investors own 64.91% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 62.36 million shares as on 2024-12-13, resulting in a short ratio of 3.96. According to the data, the short interest in Verizon Communications Inc (VZ) stood at 148.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 53.31 million. The stock has risen by 0.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZ stock heading into the next quarter.
