Why You Need Viatris Inc. (VTRS) On Your Watchlist

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Viatris Inc. (NASDAQ:VTRS) saw an upside of 1.90% to close Monday at $11.82 after adding $0.22 on the day. The 5-day average trading volume is 9,040,740 shares of the company’s common stock. It has gained $11.86 in the past week and touched a new high 1 time within the past 5 days. An average of 8,930,935 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 9,178,012.

VTRS’s 1-month performance is 10.06% or $0.81 on its low of $10.85 reached on 12/28/22. The company’s shares have touched a 52-week low of $8.42 and high of $15.60, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, VTRS has achieved 6.20% or $0.69 and has reached a new high 5 times. However, the current price is down -24.23% from the 52-week high price.

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Insider Transactions

VTRS stock investors last saw insider trading activity on Nov 25.Ni Xiangyang (Sean) (President, Greater China) most recently sold 12,800 shares at $10.95 per share on Nov 25. This transaction cost the insider $140,220. Director, van der Meer Mohr Pauline, sold 9,440 shares at a price of $10.58 on Aug 17. Then, on May 27, Taddese Menassie sold 8,813 shares at a price of $12.07 per share. This transaction amounted to $106,406.

Valuation Metrics

VTRS stock has a beta of 1.17. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.85 while the price-to-book (PB) in the most recent quarter is 0.75, with the price to cash flow ratio at 6.15.

Viatris Inc.’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.98, while the total debt to equity was 1.04. In terms of profitability, the gross margin trailing 12 months is 43.20%. The firm’s gross profit as reported stood at $5.58 billion against revenue of $17.89 billion.

Earnings Surprise

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 12.08% to $354.3 million, while revenue of $313.9 million was 11.4% off the previous quarter. Analysts expected VTRS to announce $0.83 per share in earnings in its latest quarter, but it posted $0.88, representing a 6.00% surprise. EBITDA for the quarter stood at more than $1.26 billion. VTRS stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 29.48 billion, with total debt at $21.26 billion. Shareholders hold equity totaling $1.21 billion.

Let’s look briefly at Viatris Inc. (VTRS) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 59.58% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.37%.

The stock’s 5-day moving average is $11.65, reflecting a +2.43% or $0.28 change from its current price. VTRS is currently trading +8.94% above its 20-day SMA, +19.76% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +6.49% and SMA200 by+10.78%.

Stochastic %K and %D was 54.76% and 53.47% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 59.06%, while the 14-day stochastic is at 63.00% with the period’s ATR at 0.31. The stock’s 9-day MACD Oscillator is pointing at -0.03 and -0.08 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Viatris Inc. (NASDAQ: VTRS), UBS upgraded it to a Neutral rating. They previously had a Sell rating on the stock.

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