Visa Inc (NYSE:V) traded at $269.84 at last check on Tuesday, April 30, made a downward move of -0.74% on its previous day’s price.
Looking at the stock we see that its previous close was $271.84. The company has a trailing 12-month PE ratio of 30.64. In terms of its 52-week price range, V has a high of $290.96 and a low of $216.14. The company’s stock has lost about -3.03% over that past 30 days.
Visa Inc has a market cap of $539.95 billion. With its Forward Dividend at 1.94 and a yield of 0.72%, the company’s investors could be anxious for the V stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.26, with the EPS growth for the year raised at $9.29 for 2024 and $10.44 for next year. These figures represent 16.10% and 12.40% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.33 billion, with a low of $8.19 billion and a high of $8.52 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $33.56 billion, or 12.70% up from figures reported last year.
There have been 1 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 V stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note that the PEG ratio for the V stock currently stands at 2.29, and the most recent price level today is -1.64% off its SMA20 and -3.31% from its 50-day simple moving average. The RSI (14) is pointing at 37.44 while the volatility over the past week is 1.67% and jumps to 1.47% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 4.09.
Coming back to Visa Inc (NYSE:V), we note that the average 3-month trading volume was 6.01 million. Current shares outstanding are 1.59 billion.
The insiders hold 21.56% of the company’s shares while institutions hold 77.94%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 3.65% up in year-to-date price movement.
