VEON Ltd. (NASDAQ: VEON) is -43.87% lower on its value in year-to-date trading and has touched a low of $1.25 and a high of $2.78 in the current 52-week trading range. The VEON stock was last observed hovering at around $1.44 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $1.85 for the next 12 months. It is also 35.45% off the consensus price target high of $2.20 offered by 9 analysts, but current levels are 16.47% higher than the price target low of $1.70 for the same period.
Currently trading at $1.42, the stock is -8.45% and -15.29% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.81 million and changing -1.39% at the moment leaves the stock -27.35% off its SMA200. VEON registered -45.59% loss for a year compared to 6-month loss of -24.06%. The firm has a 50-day simple moving average (SMA 50) of $0.46% and a 200-day simple moving average (SMA200) of $5.31M.
The stock witnessed a -15.98% gain in the last 1 month and extending the period to 3 months gives it a -8.97%, and is -7.19% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.90% over the week and 3.27% over the month.
VEON Ltd. (VEON) has around 46492 employees, a market worth around $2.57B and $8.47B in sales. Current P/E ratio is 7.72 and Fwd P/E is 5.28. Profit margin for the company is 3.80%. Distance from 52-week low is 13.60% and -48.92% from its 52-week high. The company has generated returns on investments over the last 12 months (13.10%).
VEON Ltd. (VEON) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for VEON Ltd. (VEON) is a “Hold”. 9 analysts offering their recommendations for the stock have an average rating of 2.70, where 8 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
VEON Ltd. is expected to release its quarterly report on 11/05/2020 and quarterly earnings per share for the current quarter are estimated at $0.04 with sales reaching $2.03B over the same period.The EPS is expected to grow by 256.40% this year, but quarterly earnings will post -8.20% year-over-year. Quarterly sales are estimated to shrink -8.60% in year-over-year returns.
VEON Ltd. (VEON) Top Institutional Holders
189 institutions hold shares in VEON Ltd. (VEON), with 982.54M shares held by insiders accounting for 56.17% while institutional investors hold 57.99% of the company’s shares. The shares outstanding are 1.75B, and float is at 751.16M with Short Float at 1.07%. Institutions hold 25.42% of the Float.
The top institutional shareholder in the company is TT International Asset Management LTD with over 55.31 million shares valued at $99.56 million. The investor’s holdings represent 3.16% of the VEON Shares outstanding. As of Jun 29, 2020, the second largest holder is Exor Investments (UK) LLP with 53.11 million shares valued at $95.61 million to account for 3.04% of the shares outstanding. The other top investors are Morgan Stanley which holds 46.83 million shares representing 2.68% and valued at over $84.3 million, while Acadian Asset Management holds 1.40% of the shares totaling 24.43 million with a market value of $43.98 million.
VEON Ltd. (VEON): Who are the competitors?
The company’s main competitors (and peers) include Vodafone Group Plc (VOD) that is trading -21.52% down over the past 12 months. TELUS Corporation (TU) is 1.54% up on the 1-year trading charts.