How Are Things Looking For Vodafone Group plc ADR (NASDAQ: VOD) For The Short Term?

Vodafone Group plc ADR (NASDAQ:VOD) traded at $8.62 at close of the session on Friday, April 05, made a downward move of -1.03% on its previous day’s price.

Looking at the stock we see that its previous close was $8.71 and the beta (5Y monthly) reads 0.48 . The company has a trailing 12-month PE ratio of 2.18. In terms of its 52-week price range, VOD has a high of $12.07 and a low of $8.02. The company’s stock has lost about -3.58% over that past 30 days.

Vodafone Group plc ADR has a market cap of $23.34 billion. With its Forward Dividend at 0.99 and a yield of 11.44%, the company’s investors could be anxious for the VOD stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the VOD stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note that the PEG ratio for the VOD stock currently stands at 0.10, and the current price level is -1.82% off its SMA20 and -0.68% from its 50-day simple moving average. The RSI (14) is pointing at 46.71 while the volatility over the past week is 2.54% and jumps to 2.15% over the past one month. The beta value is 0.70, while the average true range (ATR) is currently pointing at 0.22.

Coming back to Vodafone Group plc ADR (NASDAQ:VOD), we note that the average 3-month trading volume was 8.79 million, while that of the preceding 10-day period stands at 7.2 million. Current shares outstanding are 2.71 billion.

The insiders hold 0.05% of the company’s shares while institutions hold 7.85%. The data shows that short shares as of Mar 15, 2024, stood at 11.64 million at a short ratio of 1.54. This represents a 0.43% short interest in shares outstanding on Mar 15, 2024. Shares short fall in March from the previous month at 13.23 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -0.92% down in year-to-date price movement.

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