Vector Group Ltd’s (NYSE: VGR) Future In 2024

Vector Group Ltd (NYSE:VGR) shares, rose in value, with the stock price down by -0.58% to the previous day’s close as strong demand from buyers drove the stock to $10.27.

Actively observing the price movement in the last trading, the stock closed the session at $10.33. The PE ratio was 8.85 over 12-month period. Referring to stock’s 52-week performance, its high was $13.43, and the low was $9.80. On the whole, VGR has fluctuated by -5.87% over the past month.

The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 7.79%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.5B, with a low estimate of 333.3M and a high estimate of 333.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 333.3M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VGR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0.46, with the price of VGR currently trading nearly -0.04% and -4.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.58, while the 7-day volatility ratio is showing 1.87% which for the 30-day chart, stands at 1.97%. Furthermore, Vector Group Ltd (VGR)’s beta value is 1.06, and its average true range (ATR) is 0.22.

A comparison of Vector Group Ltd (VGR) with its peers suggests the former has fared considerably weaker in the market. VGR showed an intraday change of -0.58% in last session, and over the past year, it shrunk by -17.77%%.

Data on historical trading for Vector Group Ltd (NYSE:VGR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 154.84 million shares outstanding.

Nearly 14.36% of Vector Group Ltd’s shares belong to company insiders and institutional investors own 64.38% of the company’s shares. The stock has fallen by -8.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VGR stock heading into the next quarter.

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