Verizon Communications Inc (NYSE: VZ) has seen a decline in its stock price by -0.10 in relation to its previous close of 38.93. However, the company has experienced a -1.99% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-05 that Verizon generated minimal growth last quarter. Its profits were also down when compared to the previous year.
Is It Worth Investing in Verizon Communications Inc (NYSE: VZ) Right Now?
The price-to-earnings ratio for Verizon Communications Inc (NYSE: VZ) is 14.50x, which is above its average ratio. Moreover, the 36-month beta value for VZ is 0.40. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 24 as “hold,” and 0 as “sell.”
The public float for VZ is 4.21B and currently, short sellers hold a 0.98% of that float. On May 06, 2024, VZ’s average trading volume was 18.45M shares.
VZ’s Market Performance
VZ stock saw a decrease of -1.99% in the past week, with a monthly decline of -8.39% and a quarterly a decrease of -7.69%. The volatility ratio for the week is 1.59%, and the volatility levels for the last 30 days are 1.99% for Verizon Communications Inc (VZ). The simple moving average for the last 20 days is -2.75% for VZ stock, with a simple moving average of 5.07% for the last 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 -3.58% 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 -10.43% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -7.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.52% lower at present.
During the last 5 trading sessions, VZ fell by -1.99%, which changed the moving average for the period of 200-days by +14.48% in comparison to the 20-day moving average, which settled at $39.83. In addition, Verizon Communications Inc saw 3.16% 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 0.08. The total capital return value is set at 0.09. Equity return is now at value 12.08, with 2.98 for asset returns.
Based on Verizon Communications Inc (VZ), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.26. The debt to equity ratio resting at 1.49. The interest coverage ratio of the stock is 4.03.
Currently, EBITDA for the company is 46.45 billion with net debt to EBITDA at 3.67. When we switch over and look at the enterprise to sales, we see a ratio of 2.5. The receivables turnover for the company is 5.18for 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 0.66.
Conclusion
To wrap up, the performance of Verizon Communications Inc (VZ) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
