During the last session, Viatris Inc (NASDAQ:VTRS)’s traded shares were 6.72 million, with the beta value of the company hitting 0.93. At the end of the trading day, the stock’s price was $12.08, reflecting an intraday gain of 1.60% or $0.19. The 52-week high for the VTRS share is $13.62, that puts it down -12.75 from that peak though still a striking 27.65% gain since the share price plummeted to a 52-week low of $8.74. The company’s market capitalization is $14.42B, and the average intraday trading volume over the past 10 days was 6.24 million shares, and the average trade volume was 8.38 million shares over the past three months.
Viatris Inc (VTRS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.82. VTRS has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.68.
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Viatris Inc (NASDAQ:VTRS) trade information
Viatris Inc (VTRS) registered a 1.60% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.60% in intraday trading to $12.08, hitting a weekly high. The stock’s 5-day price performance is 2.72%, and it has moved by 1.00% in 30 days. Based on these gigs, the overall price performance for the year is 9.82%. The short interest in Viatris Inc (NASDAQ:VTRS) is 35.56 million shares and it means that shorts have 4.33 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 13.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $15 respectively. As a result, VTRS is trading at a discount of -24.17% off the target high and 0.66% off the low.
Viatris Inc (VTRS) estimates and forecasts
Statistics show that Viatris Inc has underperformed its competitors in share price, compared to the industry in which it operates. Viatris Inc (VTRS) shares have gone down -4.05% during the last six months, with a year-to-date growth rate less than the industry average at -8.19% against 8.40. In the rating firms’ projections, revenue will decrease -4.00% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.72B as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 3.63B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 3.94B and 3.84B respectively. In this case, analysts expect current quarter sales to shrink by -5.60% and then drop by -5.40% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -41.87%. While earnings are projected to return -8.68% in 2024, the next five years will return -3.10% per annum.
VTRS Dividends
Viatris Inc is due to release its next quarterly earnings on 2024-Nov-05. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Viatris Inc is 0.48, with the dividend yield indicating at 3.97 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 0.89%.
Viatris Inc (NASDAQ:VTRS)’s Major holders
Viatris Inc insiders own 0.34% of total outstanding shares while institutional holders control 84.36%, with the float percentage being 84.64%. VANGUARD GROUP INC is the largest shareholder of the company, while 1366.0 institutions own stock in it. As of 2024-06-30, the company held over 140.32 million shares (or 11.7406% of all shares), a total value of $1.49 billion in shares.
The next largest institutional holding, with 92.67 million shares, is of BLACKROCK INC.’s that is approximately 7.7533% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $985.06 million.
