Venture Global Inc (NYSE:VG) price on Thursday, February 27, fall -1.97% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $13.92.
A look at the stock’s price movement, the close in the last trading session was $14.20. Turning to its 52-week performance, $25.50 and $13.87 were the 52-week high and 52-week low respectively. Overall, VG moved -30.40% over the past month.
Venture Global Inc’s market cap currently stands at around $33.68 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 1.92B for the company’s revenue for the quarter, with a low and high estimate of 1.86B and 1.98B respectively.
VG’s current price about -18.11% and -21.18% off the 20-day and 50-day simple moving averages respectively. The 7-day volatility ratio is 8.27% and 8.50% in the 30-day chart. Further, Venture Global Inc (VG) has a beta value of 0, and an average true range (ATR) of 1.54. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $19 and high of $19. Looking at the price targets, the low is -36.49% off current price level while to achieve the yearly target high, price needs to move -36.49%. Nonetheless, investors will most likely welcome a -36.49% jump to $19 which is the analysts’ median price.
If we refocus on Venture Global Inc (NYSE:VG), historical trading data shows that trading volumes averaged 9.34 million over the past 3 months. The company’s latest data on shares outstanding shows there are 450.94 million shares.
The 85.26% of Venture Global Inc’s shares are in the hands of company insiders while institutional holders own 14.66% of the company’s shares. Current price change has pushed the stock -42.00% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VG stock continues to rise going into the next quarter.
