While VEON Ltd ADR has underperformed by -1.28%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, VEON rose by 136.10%, with highs and lows ranging from $46.49 to $18.50, whereas the simple moving average jumped by 54.33% in the last 200 days.
On November 12, 2024, The Benchmark Company started tracking VEON Ltd ADR (NASDAQ: VEON) recommending Buy. A report published by New Street on October 11, 2023, Initiated its previous ‘Buy’ rating for VEON. BofA Securities also Upgraded VEON shares as ‘Buy’, setting a target price of $2.70 on the company’s shares in a report dated August 26, 2021. HSBC Securities January 25, 2021d its ‘Buy’ rating to ‘Hold’ for VEON, as published in its report on January 25, 2021. Morgan Stanley also rated the stock as ‘Overweight’.
Analysis of VEON Ltd ADR (VEON)
Further, the quarter-over-quarter increase in sales is 9.74%, showing a positive trend in the upcoming months.
To gain a thorough understanding of VEON Ltd ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 38.09% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.78, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and VEON is recording an average volume of 59.71K. On a monthly basis, the volatility of the stock is set at 4.72%, whereas on a weekly basis, it is put at 5.56%, with a gain of 11.22% over the past seven days. Furthermore, long-term investors anticipate a median target price of $56.50, showing growth from the present price of $44.60, which can serve as yet another indication of whether VEON is worth investing in or should be passed over.
How Do You Analyze VEON Ltd ADR Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 23.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
VEON shares are owned by institutional investors to the tune of 23.21% at present.
