VEON Ltd ADR (NASDAQ: VEON) is 10.52% higher on its value in year-to-date trading and has touched a low of $22.35 and a high of $48.39 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 VEON stock was last observed hovering at around $42.46 in the last trading session, with the day’s gains setting it 1.86%.
Currently trading at $44.32, the stock is 4.05% and 1.99% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing 4.38% at the moment leaves the stock 25.52% off its SMA200. VEON registered 92.11% gain for a year compared to 6-month gain of 48.70%. The firm has a 50-day simple moving average (SMA 50) of $43.4538 and a 200-day simple moving average (SMA200) of $35.3101.
The stock witnessed a -3.53% loss in the last 1 month and extending the period to 3 months gives it a -3.44%, and is 11.13% up 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 4.89% over the week and 4.84% over the month.
Fwd P/E is 5.61. Profit margin for the company is 10.36%. Distance from 52-week low is 98.30% and -8.42% from its 52-week high. The company has generated returns on investments over the last 12 months (9.68%).
The EPS is expected to shrink by -1.08% this year
83.0 institutions hold shares in VEON Ltd ADR (VEON), with institutional investors hold 25.06% of the company’s shares. The shares outstanding are 70.74M, and float is at 70.74M with Short Float at 0.11%. Institutions hold 25.04% of the Float.
The top institutional shareholder in the company is EXOR CAPITAL LLP with over 5.39 million shares valued at $139.75 million. The investor’s holdings represent 0.3169 of the VEON Shares outstanding. As of 2024-06-30, the second largest holder is SHAH CAPITAL MANAGEMENT with 4.95 million shares valued at $128.4 million to account for 0.2912 of the shares outstanding. The other top investors are HELIKON INVESTMENTS LTD which holds 2.74 million shares representing 0.1611 and valued at over $71.06 million, while SOLUS ALTERNATIVE ASSET MANAGEMENT LP holds 0.0478 of the shares totaling 0.81 million with a market value of $21.06 million.
