The stock of Visa Inc. (NYSE:V) increased by $2.86 on Monday to finish at $242.90, up 1.19 percent. The last five days have seen an average of 4,374,340 shares of common stock traded. 23 times new highs were reached in the current year, with a gain of $35.14. The average number of shares traded over the last 20 days was 5,408,430, while the average volume over the last 50 days totaled 6,197,060.
V stock dropped -0.11% since last month. On 07/26/23, the company’s shares reached a one-month low of $227.68. The stock touched a high of $245.37 on 07/17/23, after rallying from a low of $174.60 in 52 weeks. The price of V stock has risen by 16.91% or $35.14 this year, reaching a new high 23 times. Still, the stock price is down -1.01% from the 52-week high.
Insider Transactions
V stock investors should be aware that Visa Inc. (V) stock had its last reported insider trading activity 14 days ago on Aug 01. On Aug 01, Chief Executive Officer MCINERNEY RYAN sold 8,150 shares at $240.00 each. This transaction resulted in the insider making $1,956,000. On Jul 11, Taneja Rajat sold 22,700 shares at a price of US$240.21. After the transaction, the insider now owns 232,112 shares. Chief Executive Officer MCINERNEY RYAN had earlier sold 425 shares on Jul 11 for $240.00 a share. The transaction was completed for $102,000.
Valuation Metrics
Visa Inc. (V) has a trailing price-to-earnings (P/E) ratio of 30.81. Beta for the stock is 0.95. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 15.54, the price-to-book (PB) ratio of 13.35, and the price-to-cash flow ratio of 26.51.
Company paid $0.45 per share in dividends, remained unchanged from $0.45 last year. A $0.0550 dividend increase was reported on Thursday January 26 2023.
Financial Health
For the three months ended June 29, Visa Inc.’s quick ratio was 1.50, while its current ratio was 1.50, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.55, and the total debt to equity ratio is 0.55. As far as profitability goes, gross margin for the trailing twelve months is 79.90% percent. Visa Inc.’s EBITDA margin for the year ended June 29 was 70.32%, whereas its operating margin stood at 64.50% for the same period. Based on annual data, it had gross profit of $10.5 billion and revenue of $29.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. V’s return on assets (ROA) during the last 12 months has been 18.70%. There was a 28.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 45.70%.
Earnings Surprise
According to Visa Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $8.12 billion, while revenues rose by 11.81% to $7.99 billion. It was predicted that Visa Inc.’s quarterly earnings would be $2.16, but it ended up being $2.12, beating the consensus by 1.90%. EBITDA was $5.26 billion for the quarter. At the end of Visa Inc.’s most recent quarter ended June 29, its liabilities totaled 50.25 billion, while its total debt was $20.56 billion. Equity owned by shareholders amounts to $1.86 billion.
Technical Picture
Here’s a quick look at Visa Inc.’s (V) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 64.59%, suggesting the stock is Neutral, with a 11.00% historical volatility rate.
The stochastic %K and %D were 82.07% and 80.25% respectively, while the average true range (ATR) was 3.50. Based on the 14-day stochastic reading of 93.55%, the RSI (14) reading is 61.11%. On the 9-day MACD Oscillator, the stock is at 1.15, and the 14-day reading is at 2.19.
Analyst Ratings
In a note to investors, Jefferies maintained its a Buy rating on Visa Inc. (NYSE: V). However, the firm raised their price target to $280, indicating a possible increase of 10.04% in the stock price. Analysts have assigned Visa Inc. (V) an Buy rating. V is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 28 others recommend it as a buy.
What is V’s price target for the next 12 months?
The current consensus forecast for the stock is between $220.00 and $336.00, with a median target price of $277.50. In analyzing these forecasts, the average price target given by analysts for Visa Inc. (V) is $278.82.
