Vodafone Group plc ADR (NASDAQ: VOD) In 2024: Will It Be A Valuable Investment?

In today’s recent session, 2.95 million shares of the Vodafone Group plc ADR (NASDAQ:VOD) have been traded, and its beta is 0.72. Most recently the company’s share price was $9.38, and it changed around $0.1 or 1.08% from the last close, which brings the market valuation of the company to $24.49B. VOD at last check was trading at a discount to its 52-week high of $10.39, offering almost -10.77% off that amount. The share price’s 52-week low was $8.02, which indicates that the recent value has risen by an impressive 14.5% since then. We note from Vodafone Group plc ADR’s average daily trading volume that its 10-day average is 3.92 million shares, with the 3-month average coming to 4.61 million.

Vodafone Group plc ADR stock received a consensus recommendation rating of Overweight, based on a mean score of 2.38. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 0 recommended VOD as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Vodafone Group plc ADR is expected to report earnings per share of 0 for the current quarter.

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Vodafone Group plc ADR (NASDAQ:VOD) trade information

Instantly VOD has been showing a green trend so far today with a performance of 1.08% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 9.59 on recent trading dayincreased the stock’s daily price by 2.19%. The company’s shares are currently up 7.82% year-to-date, but still down -0.84% over the last five days. On the other hand, Vodafone Group plc ADR (NASDAQ:VOD) is -5.73% down in the 30-day period. We can see from the shorts that 3.19 million shares have been sold at a short interest cover period of 0.8 day(s).

The consensus price target as assigned by Wall Street analysts is $9.5, which translates to bulls needing to increase their stock price by 1.26% from its current value. Analyst projections state that VOD is forecast to be at a low of $9.5 and a high of $9.5.

Vodafone Group plc ADR (VOD) estimates and forecasts

Vodafone Group plc ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 11.54 percent over the past six months and at a -9.88% annual growth rate that is well below the industry average of 2.00%. The year-over-year growth rate is expected to be 1.30%, up from the previous year.

Vodafone Group plc ADR earnings are expected to increase by 13.03% in 2024, but the outlook is positive 14.30% per year for the next five years.

VOD Dividends

Vodafone Group plc ADR’s next quarterly earnings report is expected to be released on 2003-Jul-31. The annual dividend yield of the stock is 10.42 percent and its annual dividend per share was 0.98. It is important to note, however, that the 10.42% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 7.79 per year.

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

Upon looking at major shareholders, 8.88% of them are in the hands of institutional investors. The stock currently has a share float of 8.88%. Vodafone Group plc ADR stock is held by 571.0 institutions, with ACR ALPINE CAPITAL RESEARCH, LLC being the largest institutional investor. By 2024-06-30, it held 0.0808% of the shares, which is about 21.87 million shares worth $193.99 million.

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