Verizon Communications Inc (NYSE:VZ) shares, rose in value, with the stock price down by -0.53% to the previous day’s close as strong demand from buyers drove the stock to $39.49.
Actively observing the price movement in the last trading, the stock closed the session at $39.70. The PE ratio was 14.73 over 12-month period. Referring to stock’s 52-week performance, its high was $43.42, and the low was $30.14. On the whole, VZ has fluctuated by -3.38% over the past month.
The company’s Forward Dividend Ratio is 2.65, with its dividend yield at 6.70%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VZ’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 13.00, with the price of VZ currently trading nearly -3.46% and -2.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.92, while the 7-day volatility ratio is showing 3.23% which for the 30-day chart, stands at 1.84%. Furthermore, Verizon Communications Inc (VZ)’s beta value is 0.40, and its average true range (ATR) is 0.85.
A comparison of Verizon Communications Inc (VZ) with its peers suggests the former has fared considerably weaker in the market. VZ showed an intraday change of -0.53% in last session, and over the past year, it grew by 6.44%%.
Data on historical trading for Verizon Communications Inc (NYSE:VZ) indicates that the trading volumes over the past 3 months, they’ve averaged 19.03 million. According to company’s latest data on outstanding shares, there are 4.20 billion shares outstanding.
Nearly 0.04% of Verizon Communications Inc’s shares belong to company insiders and institutional investors own 63.37% of the company’s shares. The stock has risen by 4.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VZ stock heading into the next quarter.
