Are Vodafone Group plc ADR (NASDAQ: VOD) Shares Worth Your Money In 2024?

In the latest trading session, 1.38 million Vodafone Group plc ADR (NASDAQ:VOD) shares changed hands as the company’s beta touched 0.72. With the company’s most recent per share price at $9.57 changed hands at -$0.06 or -0.66% at last look, the market valuation stands at $25.00B. VOD’s current price is a discount, trading about -8.57% off its 52-week high of $10.39. The share price had its 52-week low at $8.02, which suggests the last value was 16.2% up since then. When we look at Vodafone Group plc ADR’s average trading volume, we note the 10-day average is 3.18 million shares, with the 3-month average coming to 4.55 million.

Analysts gave the Vodafone Group plc ADR (VOD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.38. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended VOD as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Vodafone Group plc ADR’s EPS for the current quarter is expected to be 0.

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Vodafone Group plc ADR (NASDAQ:VOD) trade information

Instantly VOD was in red as seen in intraday trades today. With action -0.76%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 9.96%, with the 5-day performance at -0.76% in the red. However, in the 30-day time frame, Vodafone Group plc ADR (NASDAQ:VOD) is -5.37% down. Looking at the short shares, we see there were 2.76 million shares sold at short interest cover period of 0.57 days.

The consensus price target for the stock as assigned by Wall Street analysts is 9.5, meaning bulls need a downside of -0.74% from its recent market value. According to analyst projections, VOD’s forecast low is 9.5 with 9.5 as the target high. To hit the forecast high, the stock’s price needs a 0.73% surge from its current level, while the stock would need to tank 0.73% for it to hit the projected low.

Vodafone Group plc ADR (VOD) estimates and forecasts

Data shows that the Vodafone Group plc ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 10.09% over the past 6 months, a -11.11% in annual growth rate that is considerably lower than the industry average of 7.40%. Year-over-year growth is forecast to reach 2.00% up from the last financial year.

The 2024 estimates are for Vodafone Group plc ADR earnings to increase by 12.99%, but the outlook for the next 5-year period is at 14.30% per year.

VOD Dividends

Vodafone Group plc ADR is expected to release its next quarterly earnings report on 2003-Jul-31. The 10.22% annual yield figure for the share gives it an annual dividend of 0.98. It is important to note, however, that the 10.22% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 7.79 per year.

Vodafone Group plc ADR (NASDAQ:VOD)’s Major holders

The share float percentage for the stock currently stands at 8.57%. There are 8.57% institutions holding the Vodafone Group plc ADR stock share, with ACR ALPINE CAPITAL RESEARCH, LLC the top institutional holder. As of 2024-06-30, the company held 0.0808% of the shares, roughly 21.87 million VOD shares worth $193.99 million.

MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.0729% or 19.72 million shares worth $174.92 million as of 2024-06-30.