The stock of Verizon Communications Inc (NYSE: VZ) has increased by 1.01 when compared to last closing price of 41.54. Despite this, the company has experienced a 3.50% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-29 that Check out the guide to the best dividend stocks that can help you achieve financial freedom. The first star in this investing galaxy, with a 5% dividend yield, is glowing brightly.
Is It Worth Investing in Verizon Communications Inc (NYSE: VZ) Right Now?
Verizon Communications Inc (NYSE: VZ) has a higher price-to-earnings ratio of 15.22x compared to its average ratio, The 36-month beta value for VZ is at 0.39. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 4 rating it as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for VZ is 4.20B, and currently, shorts hold a 1.29% of that float. The average trading volume for VZ on April 01, 2024 was 20.20M shares.
VZ’s Market Performance
The stock of Verizon Communications Inc (VZ) has seen a 3.50% increase in the past week, with a 4.64% rise in the past month, and a 12.46% gain in the past quarter. The volatility ratio for the week is 1.32%, and the volatility levels for the past 30 days are at 1.47% for VZ. The simple moving average for the past 20 days is 4.40% for VZ’s stock, with a 15.23% simple moving average for the past 200 days.
Analysts’ Opinion of VZ
Many brokerage firms have already submitted their reports for VZ stocks, with Redburn Atlantic repeating the rating for VZ by listing it as a “Neutral.” The predicted price for VZ in the upcoming period, according to Redburn Atlantic is $39 based on the research report published on March 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see VZ reach a price target of $44. The rating they have provided for VZ stocks is “Equal Weight” according to the report published on January 31st, 2024.
Daiwa Securities gave a rating of “Outperform” to VZ, setting the target price at $47 in the report published on January 24th of the current year.
VZ Trading at 3.51% from the 50-Day Moving Average
After a stumble in the market that brought VZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.89% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +4.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.95% upper at present.
During the last 5 trading sessions, VZ rose by +3.50%, which changed the moving average for the period of 200-days by +17.83% in comparison to the 20-day moving average, which settled at $40.29. In addition, Verizon Communications Inc saw 11.30% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at VZ starting from Malady Kyle, who sale 24,000 shares at the price of $40.80 back on Feb 22 ’24. After this action, Malady Kyle now owns 35,201 shares of Verizon Communications Inc, valued at $979,200 using the latest closing price.
Malady Kyle, the EVP and Group CEO-VZ Business of Verizon Communications Inc, sale 15,000 shares at $40.33 during a trade that took place back on Feb 15 ’24, which means that Malady Kyle is holding 59,201 shares at $604,950 based on the most recent closing price.
Stock Fundamentals for VZ
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.46 for the gross margin
The net margin for Verizon Communications Inc stands at 0.09. The total capital return value is set at 0.09. Equity return is now at value 12.65, with 3.06 for asset returns.
Based on Verizon Communications Inc (VZ), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 1.89. The interest coverage ratio of the stock is 3.96.
Currently, EBITDA for the company is 46.45 billion with net debt to EBITDA at 3.7. When we switch over and look at the enterprise to sales, we see a ratio of 2.61. The receivables turnover for the company is 5.34for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.64.
Conclusion
In conclusion, Verizon Communications Inc (VZ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
