Veoneer Inc. (NYSE:VNE) saw an upside of 0.39% to close Friday at $35.80 after adding $0.14 on the day. The 5-day average trading volume is 4,748,000 shares of the company’s common stock. It has gained $36.30 in the past week. An average of 1,678,815 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,322,928.
VNE’s 1-month performance is 2.67% or $0.78 on its low of $33.85 reached on 09/20/21. The company’s shares have touched a 52-week low of $14.64 and high of $40.46, with the stock’s rally to the 52-week high happening on 08/05/21. YTD, VNE has achieved 68.08% or $14.50. However, the current price is down -11.52%% from the 52-week high price.
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Veoneer Inc. (VNE) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 20.34 for the sector.VNE stock has a beta of 2.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.43 while the price-to-book (PB) in the most recent quarter is 3.89.
Veoneer Inc.’s quick ratio for the period ended June 29 was 1.70, with the current ratio over the same period at 2.00 meaning that VNE stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.22, while the total debt to equity was 0.22. In terms of profitability, the gross margin trailing 12 months is 14.90%. The trailing 12-month EBITDA margin is -21.34% while for the period ending June 29; Veoneer Inc.’s operating margin was -24.30%. The firm’s gross profit as reported stood at $182.0 million against revenue of $1.37 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 53.77% to $398.0 million, while revenue of $419.0 million was -5.28% off the previous quarter. Analysts expected VNE to announce -$0.9 per share in earnings in its latest quarter, but it posted -$0.89, representing a 1.10% surprise. EBITDA for the quarter stood at more than -$64.0 million. VNE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 870.0 million, with total debt at $300.0 million. Shareholders hold equity totaling $111.96 million
Let’s look briefly at Veoneer Inc. (VNE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 60.87% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.58%.
The stock’s 5-day moving average is $35.81, reflecting a +3.62% or $1.25 change from its current price. VNE is currently trading +2.84% above its 20-day SMA, +54.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +15.11% and +69.91% respectively.
Stochastic %K and %D was 74.88% and 77.25% and the average true range (ATR) pointed at 0.56. The RSI (14) points at 58.25%, while the 14-day stochastic is at 79.34% with the period’s ATR at 0.62. The stock’s 9-day MACD Oscillator is pointing at 0.56 and 0.74 on the 14-day charts.
In the most recent analyst report for Veoneer Inc. (NYSE: VNE), Danske Bank downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for VNE stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate VNE as a “sell,”, while 19 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is VNE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $60.96, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Veoneer Inc. (VNE) stock is $35.82.