Viatris Inc (NASDAQ:VTRS) shares, rose in value on Thursday, March 06, with the stock price up by 0.32% to the previous day’s close as strong demand from buyers drove the stock to $9.51.
Actively observing the price movement in the last trading, the stock closed the session at $9.48. Referring to stock’s 52-week performance, its high was $13.55, and the low was $8.77. On the whole, VTRS has fluctuated by -12.67% over the past month.
With the market capitalization of Viatris Inc currently standing at about $11.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.48, with its dividend yield at 5.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.83B, with a low estimate of 3.25B and a high estimate of 3.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.35B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 price of VTRS currently trading nearly -9.31% and -15.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 29.32, while the 7-day volatility ratio is showing 4.22% which for the 30-day chart, stands at 3.02%. Furthermore, Viatris Inc (VTRS)’s beta value is 0.90, and its average true range (ATR) is 0.40.
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 0.32% in last session, and over the past year, it shrunk by -23.06%%.
Data on historical trading for Viatris Inc (NASDAQ:VTRS) indicates that the trading volumes over the past 3 months, they’ve averaged 11.39 million. According to company’s latest data on outstanding shares, there are 1.19 billion shares outstanding.
Nearly 2.46% of Viatris Inc’s shares belong to company insiders and institutional investors own 82.82% of the company’s shares. The stock has fallen by -23.61% 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.
