Venture Global Inc (NYSE:VG) price on Thursday, March 20, rose 5.18% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.78.
A look at the stock’s price movement, the close in the last trading session was $11.20, moving within a range at $11.07 and $11.9. Turning to its 52-week performance, $25.50 and $8.62 were the 52-week high and 52-week low respectively. Overall, VG moved -26.88% over the past month.
Venture Global Inc’s market cap currently stands at around $23.19 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-05.
Analysts have a consensus estimate of 2.57B for the company’s revenue for the quarter, with a low and high estimate of 1.99B and 3.18B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.86B, representing a 178.67% jump on that reported in the last financial year.
VG’s current price about -2.86% and -22.60% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.82, while 7-day volatility ratio is 9.71% and 11.90% in the 30-day chart. Further, Venture Global Inc (VG) has a beta value of 0, and an average true range (ATR) of 1.48. Analysts have given the company’s stock an average 52-week price target of $19, forecast between a low of $15 and high of $20. Looking at the price targets, the low is -27.33% off current price level while to achieve the yearly target high, price needs to move -69.78%. Nonetheless, investors will most likely welcome a -61.29% 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 9.27 over the past 10 days and 9.86 million over the past 3 months. The company’s latest data on shares outstanding shows there are 450.94 million shares.
The 85.36% of Venture Global Inc’s shares are in the hands of company insiders while institutional holders own 14.66% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.44 million on 2025-02-28, giving us a short ratio of 2.96. Current price change has pushed the stock -50.92% 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.
