Vodafone Group plc ADR (NASDAQ:VOD) price on Thursday, May 22, rose 1.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $10.54.
A look at the stock’s price movement, the close in the last trading session was $10.42. Turning to its 52-week performance, $10.51 and $8.00 were the 52-week high and 52-week low respectively. Overall, VOD moved 13.33% over the past month.
Vodafone Group plc ADR’s market cap currently stands at around $26.13 billion, with investors looking forward to this quarter’s earnings report slated for in June. The company has a Forward Dividend ratio of 0.72, with its dividend yield at 6.86%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Wall Street analysts have also projected the company’s year-on-year revenue to grow to 38.02B, representing a 1.54% jump 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 VOD is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
7 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 2 analyst(s) rate the stock as a Hold, 5 recommend VOD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VOD’s current price about 9.96% and 12.52% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 72.65, while 7-day volatility ratio is 3.25% and 2.20% in the 30-day chart. Further, Vodafone Group plc ADR (VOD) has a beta value of 0.52, and an average true range (ATR) of 0.23. Analysts have given the company’s stock an average 52-week price target of $9.5, forecast between a low of $9.5 and high of $9.5. Looking at the price targets, the low is 9.87% off current price level while to achieve the yearly target high, price needs to move 9.87%. Nonetheless, investors will most likely welcome a 9.87% jump to $9.5 which is the analysts’ median price.
If we refocus on Vodafone Group plc ADR (NASDAQ:VOD), historical trading data shows that trading volumes averaged 14.21 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.48 billion shares.
The 0.00% of Vodafone Group plc ADR’s shares are in the hands of company insiders while institutional holders own 9.07% of the company’s shares. Current price change has pushed the stock 24.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VOD stock continues to rise going into the next quarter.
