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Visa Inc (V) Analysis & Forecast for 2024

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Visa Inc (NYSE: V) is 2.07% higher on its value in year-to-date trading and has touched a low of $227.68 and a high of $290.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The V stock was last observed hovering at around $262.55 in the last trading session, with the day’s gains setting it 3.19%.

Currently trading at $265.74, the stock is -1.39% and -2.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.6 million and changing 1.22% at the moment leaves the stock 0.43% off its SMA200. V registered 9.71% gain for a year compared to 6-month gain of 0.45%.

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The stock witnessed a -3.25% loss in the last 1 month and extending the period to 3 months gives it a -3.61%, and is -1.71% 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 1.57% over the week and 1.51% over the month.

Visa Inc (V) has around 28800 employees, a market worth around $531.75B and $34.14B in sales. Current P/E ratio is 30.18 and Fwd P/E is 23.81. Profit margin for the company is 53.04%. Distance from 52-week low is 16.72% and -8.67% from its 52-week high. The company has generated returns on investments over the last 12 months (29.64%).

with sales reaching $8.16B over the same period.The EPS is expected to grow by 13.41% this year, but quarterly earnings will post 10.40% year-over-year.

Visa Inc (V) Top Institutional Holders

The shares outstanding are 1.59B, and float is at 1.57B with Short Float at 1.46%.

Visa Inc (V) Insider Activity

The most recent transaction is an insider sale by Fabara Paul D,the company’sCHIEF RISK OFFICER. SEC filings show that Fabara Paul D sold 25,293 shares of the company’s common stock on May 15 ’24 at a price of $277.15 per share for a total of $7.01 million. Following the sale, the insider now owns 17894.0 shares.

Visa Inc disclosed in a document filed with the SEC on Apr 26 ’24 that CARNEY LLOYD (Director) sold a total of 909 shares of the company’s common stock. The trade occurred on Apr 26 ’24 and was made at $275.55 per share for $0.25 million. Following the transaction, the insider now directly holds 2591.0 shares of the V stock.

Still, SEC filings show that on Apr 01 ’24, MCINERNEY RYAN (Chief Executive Officer) disposed off 8,200 shares at an average price of $280.36 for $2.3 million. The insider now directly holds 538 shares of Visa Inc (V).

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