Visa Inc. (NYSE:V) saw an upside of 0.54% to close Monday at $239.46 after adding $1.29 on the day. The 5-day average trading volume is 3,816,900 shares of the company’s common stock. It has gained $242.67 in the past week and touched a new high 1 time within the past 5 days. An average of 4,930,540 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,947,888.
V’s 1-month performance is 0.09% or $0.21 on its low of $227.68 reached on 07/26/23. The company’s shares have touched a 52-week low of $174.60 and high of $245.37, with the stock’s rally to the 52-week high happening on 07/17/23. YTD, V has achieved 15.26% or $31.70 and has reached a new high 23 times. However, the current price is down -2.41% from the 52-week high price.
Insider Transactions
V stock investors last saw insider trading activity on Aug 01.MCINERNEY RYAN (Chief Executive Officer) most recently sold 8,150 shares at $240.00 per share on Aug 01. This transaction cost the insider $1,956,000. PRESIDENT, TECHNOLOGY, Taneja Rajat, sold 22,700 shares at a price of $240.21 on Jul 11. Then, on Jul 11, Chief Executive Officer MCINERNEY RYAN sold 425 shares at a price of $240.00 per share. This transaction amounted to $102,000.
Valuation Metrics
V stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 15.26 while the price-to-book (PB) in the most recent quarter is 13.16, with the price to cash flow ratio at 26.04.
Visa Inc.’s quick ratio for the period ended June 29 was 1.50, with the current ratio over the same period at 1.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.55, while the total debt to equity was 0.55. In terms of profitability, the gross margin trailing 12 months is 79.90%. The trailing 12-month EBITDA margin is 70.32% while for the period ending June 29, Visa Inc.’s operating margin was 64.50%. The firm’s gross profit as reported stood at $10.5 billion against revenue of $29.31 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 17.93% to $4.16 billion, while revenue of $4.26 billion was -2.43% off the previous quarter. Analysts expected V to announce $1.94 per share in earnings in its latest quarter, but it posted $1.98, representing a 2.10% surprise. EBITDA for the quarter stood at more than $5.26 billion. V stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 50.25 billion, with total debt at $20.56 billion. Shareholders hold equity totaling $1.86 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 21 August was 51.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.84%.
The stock’s 5-day moving average is $238.82, reflecting a -1.42% or -$3.44 change from its current price. V is currently trading -0.53% above its 20-day SMA, +8.68% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.36% and SMA200 by+15.72%.
Stochastic %K and %D was 35.48% and 40.04% and the average true range (ATR) pointed at 3.60. The RSI (14) points at 52.32%, while the 14-day stochastic is at 48.42% with the period’s ATR at 3.62. The stock’s 9-day MACD Oscillator is pointing at -1.33 and -1.17 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Visa Inc. (NYSE: V), Jefferies reiterated its a Buy rating for the company but lifted their price target by $270 to $280. Analysts offering their rating for V stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate V as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 6 rates the stock as overweight while 28 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 $220.00 and a high of $336.00, with their median price target at $277.50. Looking at these predictions, the average price target given by analysts is for Visa Inc. (V) stock is $279.11.
