Visa Inc. (NYSE:V) saw a downside of -0.06% to close Monday at $224.18 after subtracting -$0.13 on the day. The 5-day average trading volume is 5,644,880 shares of the company’s common stock. It has gained $226.20 in the past week and touched a new high 3 times within the past 5 days. An average of 5,251,620 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,625,780.
V’s 1-month performance is 9.16% or $18.35 on its low of $204.60 reached on 12/27/22. The company’s shares have touched a 52-week low of $174.60 and high of $235.85, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, V has achieved 7.90% or $16.42 and has reached a new high 10 times. However, the current price is down -4.95% from the 52-week high price.
V stock investors last saw insider trading activity on Jan 09.MCINERNEY RYAN (PRESIDENT) most recently sold 58,197 shares at $62.47 per share on Jan 09. This transaction cost the insider $3,635,276. PRESIDENT, TECHNOLOGY, Taneja Rajat, sold 25,627 shares at a price of $216.67 on Dec 02. Then, on Dec 01, PRESIDENT, TECHNOLOGY Taneja Rajat sold 40,457 shares at a price of $216.96 per share. This transaction amounted to $8,777,409.
V stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.49 while the price-to-book (PB) in the most recent quarter is 13.99, with the price to cash flow ratio at 30.95.
Visa Inc.’s quick ratio for the period ended September 29 was 1.40, with the current ratio over the same period at 1.40. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.61, while the total debt to equity was 0.68. In terms of profitability, the gross margin trailing 12 months is 80.50%. The firm’s gross profit as reported stood at $10.5 billion against revenue of $29.31 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 9.04% to $3.94 billion, while revenue of $3.41 billion was 13.43% off the previous quarter. Analysts expected V to announce $1.86 per share in earnings in its latest quarter, but it posted $1.93, representing a 3.80% surprise. EBITDA for the quarter stood at more than $5.31 billion. V stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 49.92 billion, with total debt at $23.29 billion. Shareholders hold equity totaling $1.88 billion.
Let’s look briefly at Visa Inc. (V) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 69.95% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.95%.
The stock’s 5-day moving average is $222.27, reflecting a +0.50% or $1.12 change from its current price. V is currently trading +8.40% above its 20-day SMA, +10.80% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.10% and SMA200 by-0.84%.
Stochastic %K and %D was 87.63% and 83.39% and the average true range (ATR) pointed at 3.91. The RSI (14) points at 66.64%, while the 14-day stochastic is at 89.92% with the period’s ATR at 4.04. The stock’s 9-day MACD Oscillator is pointing at 0.61 and 3.77 on the 14-day charts.
In the most recent analyst report for Visa Inc. (NYSE: V), KeyBanc Capital Markets upgraded it to an Overweight rating. They previously had a Sector weight rating on the stock. Analysts offering their rating for V stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate V as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 7 rates the stock as overweight while 27 have offered a “buy” rating.
What is V’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $210.00 and a high of $290.00, with their median price target at $260.00. Looking at these predictions, the average price target given by analysts is for Visa Inc. (V) stock is $254.94.