The Teva Pharmaceutical Industries Limited (NYSE:TEVA) is going up by 2.29% in today’s trading session, a rise equivalent to 0.15% of the stock’s price from yesterday’s market close. A news came out on 10/07/19 stating that Teva to Host Conference Call to Discuss Third Quarter 2019 Financial Results at 8 a.m. ET on November 7, 2019 by WSJ. The lowest point that the shares touched during the trading session was $6.44, while the peak of the day was recorded at a share price of $6.65. TEVA finished the previous session at $6.54 according to the data provided by Barchart, while the trading volume was observed to be $6639994.
In the 100 days of trading, TEVA managed to top a 8.03% Moving average. Additionally, Teva Pharmaceutical Industries Limited shares have achieved a 52-week range between 6.07 and 23.97 alongside 100 days raw stochastic set at 15.40%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.05B, equal to the value of $6.87B in market capitalization. In the last 30 days, Teva Pharmaceutical Industries Limited shares went down by -21.32%, adding 8.49 to growth in value, on top of a +3.73% boost since 09/10/19.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) Analyst’s Estimates
Teva Pharmaceutical Industries Limited (TEVA) could record at least $0.58 per share in quarterly earnings in the upcoming report on 11/07/2019, a number that would actually represent an increase of 2.49 YOY.
According to the average analyst rating, Teva Pharmaceutical Industries Limited would be rated as Hold. Out of 24 different analysts monitoring TEVA stock, 3 analysts rate the stock as a BUY, 15 suggest to give the rating of HOLD, 1 indicate that TEVA is an OVERWEIGHT, 4 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On August 07, 2019, the stock earned a Downgrade rating due to a new analyst call from Evercore ISI, while analysts from Wolfe Research believe that the stock is set at Peer Perform, as concluded on July 19, 2019. Morgan Stanley, is still rather wary about the stock, deciding to keep the rating at Underweight as confirmed through a call on July 15, 2019.
Argus, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 05, 2019, giving the stock a Buy from the Hold rating.
TEVA Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +44.00% has been attained, while the operating margin has been recorded at +15.22%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -3.28%. Beta value of the stock is recorded at 1.67. Additionally, Teva Pharmaceutical Industries Limited is recording price volatility of 4.41% for the period of the last seven days and 5.19% in the last 30 days.
Teva Pharmaceutical Industries Limited (NYSE:TEVA) Technical Outlook
For the period of the last 50 days, Teva Pharmaceutical Industries Limited had its Raw Stochastic average set at 25.21% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 11.94%. Stochastic %K for Teva Pharmaceutical Industries Limited, with the last 20 days included, was set at 6.14%, having Stochastic %D topping 10.92%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Teva Pharmaceutical Industries Limited stocks with recording -57.59% in metrics.
Teva Pharmaceutical Industries Limited Insider Watch:
Similarly, 66.15% of the company’s float is held by institutions – and there are 784 institutions in total holding shares of this company. The top three institutional holders of TEVA stocks are: Capital Research Global Investors with ownership of $1.21 billion, which is approximately 130892229 of the company’s shares; Wellington Management Company, LLP, holding 62933826 shares of the stock with an approximate value of $580.88 million; and Franklin Resources, Inc, currently with more than 61643131 shares of the company valued at $568.97 million. Positions in Teva Pharmaceutical Industries Limited stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.