A new trading day began on Friday, with Verizon Communications Inc (NYSE: VZ) stock price up 1.03% from the previous day of trading, before settling in for the closing price of $40.82. VZ’s price has ranged from $30.14 to $43.42 over the past 52 weeks.
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During the last 5-year period, the sales growth of Communication Services Sector giant was 0.50%. Meanwhile, its annual earnings per share averaged -2.65%. With a float of $4.21 billion, this company’s outstanding shares have now reached $4.21 billion.
Let’s determine the extent of company efficiency that accounts for 105400 employees.
Verizon Communications Inc (VZ) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Telecom Services Industry. The insider ownership of Verizon Communications Inc is 0.05%, while institutional ownership is 63.99%. The most recent insider transaction that took place on Feb 22 ’24, was worth 979,200. In this transaction EVP and Group CEO-VZ Business of this company sold 24,000 shares at a rate of $40.80, taking the stock ownership to the 35,201 shares. Before that another transaction happened on Feb 15 ’24, when Company’s EVP and Group CEO-VZ Business sold 15,000 for $40.33, making the entire transaction worth $604,950. This insider now owns 59,201 shares in total.
Verizon Communications Inc (VZ) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around -2.65% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 1.12% during the next five years compared to -6.03% drop over the previous five years of trading.
Verizon Communications Inc (NYSE: VZ) Trading Performance Indicators
Here are Verizon Communications Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.62. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.30. Likewise, its price to free cash flow for the trailing twelve months is 9.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.68, a number that is poised to hit 1.15 in the next quarter and is forecasted to reach 4.72 in one year’s time.
Technical Analysis of Verizon Communications Inc (VZ)
Looking closely at Verizon Communications Inc (NYSE: VZ), its last 5-days average volume was 20.52 million, which is a jump from its year-to-date volume of 18.94 million. As of the previous 9 days, the stock’s Stochastic %D was 77.63%. Additionally, its Average True Range was 0.67.
During the past 100 days, Verizon Communications Inc’s (VZ) raw stochastic average was set at 55.14%, which indicates a significant decrease from 85.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.76% in the past 14 days, which was lower than the 17.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $40.08, while its 200-day Moving Average is $38.30. However, in the short run, Verizon Communications Inc’s stock first resistance to watch stands at $41.65. Second resistance stands at $42.06. The third major resistance level sits at $42.54. If the price goes on to break the first support level at $40.76, it is likely to go to the next support level at $40.28. Now, if the price goes above the second support level, the third support stands at $39.87.
Verizon Communications Inc (NYSE: VZ) Key Stats
With a market capitalization of 173.59 billion, the company has a total of 4,209,255K Shares Outstanding. Currently, annual sales are 133,974 M while annual income is 11,614 M. The company’s previous quarter sales were 32,981 M while its latest quarter income was 4,602 M.
