VEON Ltd. (NASDAQ:VEON) saw a downside of -0.87% to close Friday at $2.28 after subtracting -$0.02 on the day. The 5-day average trading volume is 10,605,880 shares of the company’s common stock. It has gained $2.36 in the past week. An average of 7,802,795 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 11,029,576.
VEON’s 1-month performance is 4.11% or $0.06 on its low of $2.04 reached on 10/01/21. The company’s shares have touched a 52-week low of $1.20 and high of $2.36, with the stock’s rally to the 52-week high happening on 10/07/21. YTD, VEON has achieved 50.99% or $0.77. However, the current price is down -3.39%% from the 52-week high price.
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VEON Ltd. (VEON) has a trailing price-to-earnings (P/E) ratio of 17.20 for the broader industry and 30.66 for the sector. The company’s PE ratio for the last five years has touched a high of 17.91 and a low of 2.791. VEON stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.50 while the price-to-book (PB) in the most recent quarter is 9.91, with the price to cash flow ratio at 6.71.
VEON Ltd.’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.60 meaning that VEON stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 21.74, while the total debt to equity was 24.77. In terms of profitability, the gross margin trailing 12 months is 75.70%. The trailing 12-month EBITDA margin is 43.22% while for the period ending June 29; VEON Ltd.’s operating margin was 8.10%. The firm’s gross profit as reported stood at $6.09 billion against revenue of $7.98 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VEON to announce $0.08 per share in earnings in its latest quarter, but it posted $0.06, representing a -25.00% surprise. EBITDA for the quarter stood at more than $879.0 million. VEON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 13.53 billion, with total debt at $9.93 billion
Let’s look briefly at VEON Ltd. (VEON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 69.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.97%.
The stock’s 5-day moving average is $2.22, reflecting a +8.57% or $0.18 change from its current price. VEON is currently trading +5.56% above its 20-day SMA, +21.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +31.79% and +43.40% respectively.
Stochastic %K and %D was 76.92% and 72.28% and the average true range (ATR) pointed at 0.08. The RSI (14) points at 66.63%, while the 14-day stochastic is at 75.00% with the period’s ATR at 0.08. The stock’s 9-day MACD Oscillator is pointing at 0.10 and 0.11 on the 14-day charts.
In the most recent analyst report for VEON Ltd. (NASDAQ: VEON), BofA Securities upgraded it to a Buy rating. They previously had an Underperform rating on the stock. Analysts offering their rating for VEON stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VEON as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.
What is VEON’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $1.74 and a high of $2.80, with their median price target at $2.40. Looking at these predictions, the average price target given by analysts is for VEON Ltd. (VEON) stock is $2.34.