As of Wednesday close, Verizon Communications Inc.’s (NYSE:VZ) stock was up $0.01, moving up 0.03 percent to $33.27. The average number of shares traded per day over the past five days has been 17,032,080 shares. 4 times new highs have been achieved over the past 5 days, with a $0.56 gain in that time frame. In the last twenty days, the average volume was 24,049,340, while in the previous 50 days, it was 25,358,152.
Since last month, VZ stock rose 3.10%. Shares of the company fell to $31.25 on 07/17/23, the lowest level in the past month. A 52-week high of $46.05 was reached on 01/06/23 after having rallying from a 52-week low of $31.25. Since the beginning of this year, VZ’s stock price has dropped by -15.56% or -$6.13, and marked a new high 4 times. However, the stock has declined by -27.75% since its 52-week high.
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VZ stock investors should be aware that Verizon Communications Inc. (VZ) stock had its last reported insider trading activity 6 days ago on Aug 11. Hammock Samantha, the EVP & Chief HR Officer of the company, disposed of 12,557 shares for $33.29 on Aug 11. It resulted in a $418,023 divestment by the insider. Russo Joseph J. sold 7,585 shares at an average price of $36.30 on May 23. The insider now owns 8,582 shares following the transaction. On Apr 10, EVP&Pres.-VZ Global Services Silliman Craig L. sold 3,340 shares at $39.21 apiece. The transaction was valued at $130,961.
Valuation Metrics
Right now, Verizon Communications Inc. (VZ) has a P/E ratio of about 6.66. The stock’s beta is 0.34. Besides these, the trailing price-to-sales (P/S) ratio of 1.03, the price-to-book (PB) ratio of 1.47, and the price-to-cash flow ratio of 11.19 may also be considered.
The latest dividend of $0.6525 per share was paid out, remained unchanged from last year’s $0.6525. On Wednesday September 7 2022, a $0.0125 dividend increase was announced.
Financial Health
In the three months ended June 29, Verizon Communications Inc.’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 June 29 was 1.45, and the total debt-to-equity ratio was 1.60. On the profitability front, the trailing twelve-month gross margin is 58.10% percent. In the year ended June 29, EBITDA margin amounted to 34.76%, whereas operating margins totaled 23.70%. Based on annual data, VZ earned $30.47 billion in gross profit and brought in $136.84 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 10.10%. Return on equity (ROE) for the past 12 months was 22.90%.
In Verizon Communications Inc.’s quarter-end financial report for June 29, it reported total debt of $137.87 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. VZ’s revenue fell -3.66% to $32.91 billion during the quarter, while net income inched up to $32.6 billion. While analysts expected Verizon Communications Inc. to report $1.16 quarterly earnings, the actual figure was $1.21 per share, beating the consensus estimate by 4.30%. During the quarter, the company generated $11.58 billion in EBITDA. The liabilities of Verizon Communications Inc. were 283.45 billion at the end of its most recent quarter ended June 29, and its total debt was $182.3 billion. The value of shareholders’ equity is $4.2 billion.
Technical Picture
This quick technical analysis looks at Verizon Communications Inc.’s (VZ) price momentum. With a historical volatility rate of 11.97%, the RSI 9-day stood at 47.24% on 16 August.
With respect to its five-day moving average, the current Verizon Communications Inc. price is up by +1.71% percent or $0.56. At present, VZ shares trade -2.06% below its 20-day simple moving average and -10.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -3.45% below its SMA50 and -8.04% below its SMA200.
Stochastic coefficient K was 50.72% and Stochastic coefficient D was 47.30%, while ATR was 0.60. Given the Stochastic reading of 50.93% for the 14-day period, the RSI (14) reading has been calculated as 44.59%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.16.
Analyst Ratings
Verizon Communications Inc. downgraded its rating on Verizon Communications Inc. (NYSE: VZ) to a Hold in a note to investors on July 17, 2023. The analysts firm previously had a Buy rating on the stock.Verizon Communications Inc. (VZ) has been rated Hold by analysts. According to 1 brokerage firm, VZ is a sell, and 20 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Verizon Communications Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $39.00, the current consensus forecast for the stock is $34.00 – $45.00. Based on these forecasts, analysts predict Verizon Communications Inc. (VZ) will achieve an average price target of $39.55.
