The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
Verizon Communications Inc (NYSE: VZ) closed the day trading at $39.49 down -0.53% from the previous closing price of $39.70. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 14.97 million shares were traded. VZ stock price reached its highest trading level at $39.66 during the session, while it also had its lowest trading level at $38.935.
Ratios:
For a better understanding of VZ, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 70.20 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.70. For the most recent quarter (mrq), Quick Ratio is recorded 0.67 and its Current Ratio is at 0.71. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 1.65.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Redburn Atlantic on March 22, 2024, Upgraded its rating to Neutral and sets its target price to $39 from $33 previously.
On January 31, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $44.
Daiwa Securities Upgraded its Neutral to Outperform on January 24, 2024, whereas the target price for the stock was revised from $36 to $47.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 22 ’24 when Malady Kyle sold 24,000 shares for $40.80 per share. The transaction valued at 979,200 led to the insider holds 35,201 shares of the business.
Malady Kyle sold 15,000 shares of VZ for $604,950 on Feb 15 ’24. The EVP and Group CEO-VZ Business now owns 59,201 shares after completing the transaction at $40.33 per share. On Dec 11 ’23, another insider, Silliman Craig L., who serves as the EVP&Pres.-VZ Global Services of the company, sold 3,340 shares for $38.29 each. As a result, the insider received 127,889 and left with 46,295 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VZ now has a Market Capitalization of 167097204736 and an Enterprise Value of 340874395648. As of this moment, Verizon’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.73, and their Forward P/E ratio for the next fiscal year is 8.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 13.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.24 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 2.543 whereas that against EBITDA is 7.111.
Stock Price History:
Over the past 52 weeks, VZ has reached a high of $43.42, while it has fallen to a 52-week low of $30.14. The 50-Day Moving Average of the stock is -2.43%, while the 200-Day Moving Average is calculated to be 7.25%.
Shares Statistics:
Over the past 3-months, VZ traded about 19.03M shares per day on average, while over the past 10 days, VZ traded about 22582060 shares per day. A total of 4.20B shares are outstanding, with a floating share count of 4.20B. Insiders hold about 0.04% of the company’s shares, while institutions hold 63.37% stake in the company. Shares short for VZ as of 1711584000 were 47963330 with a Short Ratio of 2.52, compared to 1709164800 on 51597330. Therefore, it implies a Short% of Shares Outstanding of 47963330 and a Short% of Float of 1.1400000000000001.
Dividends & Splits
VZ’s forward annual dividend rate is 2.65, up from 2.635 a year ago. Against a Trailing Annual Dividend Yield of 0.0663728The stock’s 5-year Average Dividend Yield is 5.26.
