Visa Inc (NYSE:V) saw a downside of -0.73% to close Monday at $233.36 after subtracting -$1.72 on the day. The 5-day average trading volume is 5,841,020 shares of the company’s common stock. It has gained $245.12 in the past week and touched a new high 1 time within the past 5 days. An average of 5,472,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,158,610.
V’s 1-month performance is -2.55% or -$9.21 on its low of $232.21 reached on 09/25/23. The company’s shares have touched a 52-week low of $174.60 and high of $250.06, with the stock’s rally to the 52-week high happening on 09/13/23. YTD, V has achieved 12.32% or $25.60 and has reached a new high 27 times. However, the current price is down -6.68% from the 52-week high price.
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Insider Transactions
V stock investors last saw insider trading activity on Sep 13.Taneja Rajat (PRESIDENT, TECHNOLOGY) most recently sold 15,800 shares at $250.01 per share on Sep 13. This transaction cost the insider $3,950,084. Chief Executive Officer, MCINERNEY RYAN, sold 8,150 shares at a price of $247.47 on Sep 01. Then, on Aug 01, Chief Executive Officer MCINERNEY RYAN sold 8,150 shares at a price of $240.00 per share. This transaction amounted to $1,956,000.
Valuation Metrics
V stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.92 while the price-to-book (PB) in the most recent quarter is 12.78, with the price to cash flow ratio at 25.46.
Visa Inc’s quick ratio for the period ended June 29 was 1.49, with the current ratio over the same period at 1.49. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.53, while the total debt to equity was 0.53. In terms of profitability, the gross margin trailing 12 months is 76.96%. The trailing 12-month EBITDA margin is 70.32% while for the period ending June 29, Visa Inc’s operating margin was 67.33%. 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 $2.12 per share in earnings in its latest quarter, but it posted $2.16, representing a 1.90% 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 25 September was 24.92% to suggest the stock is trending oversold, with historical volatility in this time period at 17.30%.
The stock’s 5-day moving average is $238.09, reflecting a -4.62% or -$11.30 change from its current price. V is currently trading -3.80% above its 20-day SMA, +2.81% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.03% and SMA200 by+11.61%.
Stochastic %K and %D was 3.41% and 12.67% and the average true range (ATR) pointed at 3.64. The RSI (14) points at 32.80%, while the 14-day stochastic is at 6.44% with the period’s ATR at 3.55. The stock’s 9-day MACD Oscillator is pointing at -5.60 and -7.89 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 26 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 $280.00. Looking at these predictions, the average price target given by analysts is for Visa Inc (V) stock is $280.63.
