Let’s look at the key reasons that are pushing Verizon Communications Inc (VZ) to new highs

Verizon Communications Inc (NYSE: VZ) kicked off on Friday, down -0.09% from the previous trading day, before settling in for the closing price of $44.38. Over the past 52 weeks, VZ has traded in a range of $36.46-$45.36.

Over the past five-year period, the growth rate of yearbook sales for the company of the Communication Services sector was 0.50%. While this was happening, its average annual earnings per share was recorded -2.57%. With a float of $4.21 billion, this company’s outstanding shares have now reached $4.21 billion.

Considering the fact that the conglomerate employs 105400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 59.95%, operating margin of 16.29%, and the pretax margin is 10.87%.

Verizon Communications Inc (VZ) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Telecom Services Industry. The insider ownership of Verizon Communications Inc is 0.05%, while institutional ownership is 64.90%. The most recent insider transaction that took place on Nov 01 ’24, was worth 390,082. Before that another transaction happened on Oct 01 ’24, when Company’s Officer proposed sale 9,259 for $44.96, making the entire transaction worth $416,285.

Verizon Communications Inc (VZ) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -2.57% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 3.00% 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

Take a look at Verizon Communications Inc’s (VZ) current performance indicators. Last quarter, stock had a quick ratio of 0.57. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.39. Likewise, its price to free cash flow for the trailing twelve months is 10.06.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.32, a number that is poised to hit 1.11 in the next quarter and is forecasted to reach 4.74 in one year’s time.

Technical Analysis of Verizon Communications Inc (VZ)

Compared to the last year’s volume of 18.47 million, its volume of 16.81 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.81%. Additionally, its Average True Range was 0.71.

During the past 100 days, Verizon Communications Inc’s (VZ) raw stochastic average was set at 84.68%, which indicates a significant decrease from 91.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.88% in the past 14 days, which was lower than the 22.99% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $42.90, while its 200-day Moving Average is $41.26. Nevertheless, the first resistance level for the watch stands at $44.56 in the near term. At $44.77, the stock is likely to face the second major resistance level. The third major resistance level sits at $45.03. If the price goes on to break the first support level at $44.09, it is likely to go to the next support level at $43.83. Now, if the price goes above the second support level, the third support stands at $43.62.

Verizon Communications Inc (NYSE: VZ) Key Stats

The company with the Market Capitalisation of 186.49 billion has total of 4,209,626K Shares Outstanding. Its annual sales at the moment are 133,974 M in contrast with the sum of 11,614 M annual income. Company’s last quarter sales were recorded 33,330 M and last quarter income was 3,306 M.