The Stock Of The Week: VEON Ltd. (VEON)

As of Wednesday close, VEON Ltd.’s (NASDAQ:VEON) stock was down -$0.01, moving down -2.13 percent to $0.46. The average number of shares traded per day over the past five days has been 2,570,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.0092 fall in that time frame. In the last twenty days, the average volume was 2,478,890, while in the previous 50 days, it was 3,770,820.

Since last month, VEON stock retreated -6.12%. Shares of the company fell to $0.4104 on 06/14/22, the lowest level in the past month. A 52-week high of $2.38 was reached on 01/03/22 after having rallying from a 52-week low of $0.24. Since the beginning of this year, VEON’s stock price has dropped by -73.10% or -$1.2500, and marked a new high 1 time. However, the stock has declined by -80.67% since its 52-week high.

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Valuation Metrics

Right now, VEON Ltd. (VEON) has a P/E ratio of about 1.54. The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 0.13, the price-to-book (PB) ratio of 1.35, and the price-to-cash flow ratio of 1.21 may also be considered.

The latest dividend of $0.1150 per share was paid out, which is -32.35% less than last year’s $0.17.

Financial Health

In the three months ended September 29, VEON Ltd.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 16.05, and the total debt-to-equity ratio was 18.17. On the profitability front, the trailing twelve-month gross margin is 75.90% percent. In the year ended September 29, EBITDA margin amounted to 42.75%, whereas operating margins totaled 19.80%. Based on annual data, VEON earned $5.91 billion in gross profit and brought in $7.79 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 11.40%. Return on equity (ROE) for the past 12 months was 162.00%.

In VEON Ltd.’s quarter-end financial report for September 29, it reported total debt of $36.0 million against cash and short-term investments of $461.0 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VEON’s revenue fell -2.47% during the quarter, while net income inched up to $7.79 billion. While analysts expected VEON Ltd. to report $0.11 quarterly earnings, the actual figure was $0.09 per share, beating the consensus estimate by -18.20%. During the quarter, the company generated $882.0 million in EBITDA. The liabilities of VEON Ltd. were 14.42 billion at the end of its most recent quarter ended September 29, and its total debt was $10.36 billion.

Technical Picture

This quick technical analysis looks at VEON Ltd.’s (VEON) price momentum. With a historical volatility rate of 38.66%, the RSI 9-day stood at 38.98% on 22 June.

With respect to its five-day moving average, the current VEON Ltd. price is down by -1.96% percent or -$0.0092. At present, VEON shares trade -4.17% below its 20-day simple moving average and -66.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.58% below its SMA50 and -78.10% below its SMA200.

Stochastic coefficient K was 37.54% and Stochastic coefficient D was 35.97%, while ATR was 0.0278. Given the Stochastic reading of 35.53% for the 14-day period, the RSI (14) reading has been calculated as 40.33%. As of today, the MACD Oscillator reading stands at -0.0128, while the 14-day reading stands at -0.0220.

Analyst Ratings

BofA Securities upgraded its rating on VEON Ltd. (NASDAQ: VEON) to a Buy in a note to investors on August 26, 2021. The analysts firm previously had an Underperform rating on the stock.VEON Ltd. (VEON) has been rated Buy by analysts. According to 0 brokerage firms, VEON is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate VEON Ltd. stock as buy, with 1 recommending it as overweight.

With a median target price of $2.55, the current consensus forecast for the stock is $2.55 – $2.55. Based on these forecasts, analysts predict VEON Ltd. (VEON) will achieve an average price target of $2.55.


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