Visa Inc (NYSE:V) shares, rose in value on Friday, April 05, with the stock price up by 0.67% to the previous day’s close as strong demand from buyers drove the stock to $275.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $274.00. The value of beta (5-year monthly) is 0.95 whereas the PE ratio is 32.25 over 12-month period. Referring to stock’s 52-week performance, its high was $290.96, and the low was $216.14. On the whole, V has fluctuated by -1.64% over the past month.
With the market capitalization of Visa Inc currently standing at about $554.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024. The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 0.70%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $2.24, which is expected to increase to $2.33 for fiscal year $9.15 and then to about $10.28 by fiscal year 2025. Data indicates that the EPS growth is expected to be 14.40% in 2025, while the next year’s EPS growth is forecast to be 12.30%.
Analysts have estimated the company’s revenue for the quarter at $7.96 billion, with a low estimate of $7.66 billion and a high estimate of $8.06 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $33.07 billion, representing an increase of 11.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that V’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.43, with the price of V currently trading nearly -2.19% and -1.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.19, while the 7-day volatility ratio is showing 1.35% which for the 30-day chart, stands at 1.34%. Furthermore, Visa Inc (V)’s beta value is 0.95, and its average true range (ATR) is 3.81.
A comparison of Visa Inc (V) with its peers suggests the former has fared considerably weaker in the market. V showed an intraday change of 0.67% in today’s session so far, and over the past year, it grew by 21.16%%.
Data on historical trading for Visa Inc (NYSE:V) indicates that the trading volumes over the past 10 days have averaged 6.27 million and over the past 3 months, they’ve averaged 5.67 million. According to company’s latest data on outstanding shares, there are 1.59 billion shares outstanding.
Nearly 21.50% of Visa Inc’s shares belong to company insiders and institutional investors own 77.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.94 million shares as on Mar 15, 2024, resulting in a short ratio of 6.17. According to the data, the short interest in Visa Inc (V) stood at 1.68% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 34.18 million. The stock has risen by 5.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the V stock heading into the next quarter.
