Viatris Inc (NASDAQ:VTRS) price on Thursday, May 22, rose 0.24% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.50.
A look at the stock’s price movement, the close in the last trading session was $8.48. Turning to its 52-week performance, $13.55 and $6.85 were the 52-week high and 52-week low respectively. Overall, VTRS moved 8.83% over the past month.
Viatris Inc’s market cap currently stands at around $9.98 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.48, with its dividend yield at 5.65%. 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 3.45B for the company’s revenue for the quarter, with a low and high estimate of 3.4B and 3.55B respectively. The average forecast suggests down to a -9.08% 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 13.8B, representing a -6.35% 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 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% 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 -1.28% and 0.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.86, while 7-day volatility ratio is 2.59% and 2.58% in the 30-day chart. Further, Viatris Inc (VTRS) has a beta value of 0.88, and an average true range (ATR) of 0.33. 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 -41.18% off current price level while to achieve the yearly target high, price needs to move -76.47%. Nonetheless, investors will most likely welcome a -64.71% 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 15.76 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.19 billion shares.
The 2.55% of Viatris Inc’s shares are in the hands of company insiders while institutional holders own 81.96% of the company’s shares. Current price change has pushed the stock -31.73% 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.
