Verizon Communications Inc (NYSE:VZ) shares, rose in value, with the stock price down by -0.85% to the previous day’s close as strong demand from buyers drove the stock to $43.13.
Actively observing the price movement in the last trading, the stock closed the session at $43.50. The PE ratio was 10.25 over 12-month period. Referring to stock’s 52-week performance, its high was $47.35, and the low was $37.58. On the whole, VZ has fluctuated by 1.75% over the past month.
With the market capitalization of Verizon Communications Inc currently standing at about $181.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.70, with its dividend yield at 6.25%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VZ’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.38, with the price of VZ currently trading nearly -0.93% and -1.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.18, while the 7-day volatility ratio is showing 0.93% which for the 30-day chart, stands at 1.25%. Furthermore, Verizon Communications Inc (VZ)’s beta value is 0.37, and its average true range (ATR) is 0.79.
A comparison of Verizon Communications Inc (VZ) with its peers suggests the former has fared considerably weaker in the market. VZ showed an intraday change of -0.85% in last session, and over the past year, it grew by 9.38%%.
Data on historical trading for Verizon Communications Inc (NYSE:VZ) indicates that the trading volumes over the past 3 months, they’ve averaged 24.00 million. According to company’s latest data on outstanding shares, there are 4.22 billion shares outstanding.
Nearly 0.07% of Verizon Communications Inc’s shares belong to company insiders and institutional investors own 67.00% of the company’s shares. The stock has risen by 7.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZ stock heading into the next quarter.
