Viper Energy Inc (NASDAQ:VNOM) shares, rose in value on Friday, May 09, with the stock price down by -0.78% to the previous day’s close as strong demand from buyers drove the stock to $40.57.
Actively observing the price movement in the last trading, the stock closed the session at $40.89. The PE ratio was 10.68 over 12-month period. Referring to stock’s 52-week performance, its high was $56.30, and the low was $34.71. On the whole, VNOM has fluctuated by 2.37% over the past month.
With the market capitalization of Viper Energy Inc currently standing at about $8.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.17, with its dividend yield at 5.35%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that VNOM’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 price of VNOM currently trading nearly 0.56% and -2.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.24, while the 7-day volatility ratio is showing 3.43% which for the 30-day chart, stands at 3.94%. Furthermore, Viper Energy Inc (VNOM)’s beta value is 1.02, and its average true range (ATR) is 1.72.
A comparison of Viper Energy Inc (VNOM) with its peers suggests the former has fared considerably weaker in the market. VNOM showed an intraday change of -0.78% in last session, and over the past year, it grew by 11.66%%.
Data on historical trading for Viper Energy Inc (NASDAQ:VNOM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.52 million. According to company’s latest data on outstanding shares, there are 131.32 million shares outstanding.
Nearly 0.85% of Viper Energy Inc’s shares belong to company insiders and institutional investors own 79.54% of the company’s shares. The stock has fallen by -16.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VNOM stock heading into the next quarter.
