Viatris Inc (NASDAQ:VTRS) price on Thursday, February 06, fall -0.46% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $10.90.
A look at the stock’s price movement, the close in the last trading session was $10.95, moving within a range at $10.73 and $11.0. The beta value (5-Year monthly) was 0.929. Turning to its 52-week performance, $13.62 and $9.93 were the 52-week high and 52-week low respectively. Overall, VTRS moved -8.79% over the past month.
Viatris Inc’s market cap currently stands at around $13.01 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 4.40%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.6B for the company’s revenue for the quarter, with a low and high estimate of 3.53B and 3.64B respectively. The average forecast suggests down to a -6.18% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 14.82B, representing a -3.95% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VTRS is a 100% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 1 recommend VTRS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VTRS’s current price about -3.72% and -10.12% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.95, while 7-day volatility ratio is 2.09% and 2.51% in the 30-day chart. Further, Viatris Inc (VTRS) has a beta value of 0.89, and an average true range (ATR) of 0.28. Analysts have given the company’s stock an average 52-week price target of $14, forecast between a low of $12 and high of $15. Looking at the price targets, the low is -10.09% off current price level while to achieve the yearly target high, price needs to move -37.61%. Nonetheless, investors will most likely welcome a -28.44% jump to $14 which is the analysts’ median price.
If we refocus on Viatris Inc (NASDAQ:VTRS), historical trading data shows that trading volumes averaged 10.66 over the past 10 days and 9.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.19 billion shares.
The 2.44% of Viatris Inc’s shares are in the hands of company insiders while institutional holders own 81.98% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.25 million on 2025-01-15, giving us a short ratio of 3.01. The data shows that as of 2025-01-15 short interest in Viatris Inc (VTRS) stood at 298.0 of shares outstanding, with shares short rising to 23.07 million registered in 2024-12-13. Current price change has pushed the stock -12.45% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VTRS stock continues to rise going into the next quarter.
