A Technical View of the Vodafone Group Public Limited Company (VOD)

Vodafone Group Public Limited Company (NASDAQ:VOD) saw a downside of -0.96% to close Tuesday at $9.28 after subtracting -$0.09 on the day. The 5-day average trading volume is 5,029,340 shares of the company’s common stock. It has gained $9.59 in the past week and touched a new high 1 time within the past 5 days. An average of 5,392,495 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,959,448.

VOD’s 1-month performance is 1.75% or $0.14 on its low of $9.06 reached on 07/10/23. The company’s shares have touched a 52-week low of $8.93 and high of $15.04, with the stock’s rally to the 52-week high happening on 02/15/23. YTD, VOD has lost -8.30% or -$0.84 and has reached a new high 13 times. However, the current price is down -38.30% from the 52-week high price.

Valuation Metrics

VOD stock has a beta of 0.78. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.49 while the price-to-book (PB) in the most recent quarter is 0.37.

Vodafone Group Public Limited Company’s quick ratio for the recent period was 0.90, with the current ratio over the same period at 0.90.. In terms of profitability, the gross margin trailing 12 months is 32.50%. The trailing 12-month EBITDA margin is 41.64%. The firm’s gross profit as reported stood at $15.47 billion against revenue of $47.6 billion.

Earnings Surprise

Vodafone Group Public Limited Company’s cash and short-term investments amounted to $486.08 million against total debt of $68.3 billion. Net income grew 94.64% to $2.34 billion, while revenue of $0.0 was 100.0% off the previous quarter. VOD stock balance sheet for the recent quarter shows that total liabilities totaled 94.81 billion, with total debt at $68.3 billion.

Let’s look briefly at Vodafone Group Public Limited Company (VOD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 38.96% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.75%.

The stock’s 5-day moving average is $9.34, reflecting a -2.01% or -$0.19 change from its current price. VOD is currently trading -0.32% above its 20-day SMA, -18.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.26% and SMA200 by-19.23%.

Stochastic %K and %D was 15.53% and 14.15% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 42.43%, while the 14-day stochastic is at 10.33% with the period’s ATR at 0.19. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.22 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Vodafone Group Public Limited Company (NASDAQ: VOD), Exane BNP Paribas upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for VOD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate VOD as a “sell,”, while 7 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 9 have offered a “buy” rating.

What is VOD’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.26 and a high of $19.87, with their median price target at $13.70. Looking at these predictions, the average price target given by analysts is for Vodafone Group Public Limited Company (VOD) stock is $14.16.

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