VEON Ltd. [NASDAQ: VEON] surged by $0.04 during the normal trading session on Wednesday and reaching a high of $1.83 during the day while it closed the day at $1.79. The company report on December 24, 2020 that VEON’s subsidiaries in Ukraine and Kazakhstan sign bilateral long-term loan agreements in local currencies for around USD 170 million.
VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that its operating company in Ukraine, Kyivstar, has signed three bilateral unsecured loan agreements with Raiffeisen Bank Aval Joint Stock Company (“Raiffeisen”), Joint Stock Company Alfa-Bank (“Alfa-Bank”) and Joint Stock Company OTP Bank (“OTP”), for an aggregate amount of UAH 4.1 billion (approximately USD 145 million). The loan agreement with Raiffeisen has a 5-year term, and the loan agreements with Alfa-Bank and OTP have a 3-year term.
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Similarly, VEON’s subsidiary in Kazakhstan, KaR-Tel, has signed a bilateral unsecured loan agreement with Forte Bank JSC for KZT 10 billion (approximately USD 25 million), which has a 3-year term.
VEON Ltd. stock has also gained 8.48% of its value over the past 7 days. However, VEON stock has inclined by 31.62% in the 3 months of the year. Over the past six months meanwhile, it has lost -3.24% and gained 18.54% year-on date.
The market cap for VEON stock reached $3.24 billion, with 1.75 billion shares outstanding and 907.87 million shares in the current float. Compared to the average trading volume of 3.28M shares, VEON reached a trading volume of 9098655 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about VEON Ltd. [VEON]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VEON shares is $2.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VEON stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Morgan Stanley have made an estimate for VEON Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 29, 2020. The new note on the price target was released on October 06, 2020, representing the official price target for VEON Ltd. stock.
The Average True Range (ATR) for VEON Ltd. is set at 0.07, with the Price to Sales ratio for VEON stock in the period of the last 12 months amounting to 0.39. Price to Free Cash Flow for VEON in the course of the last twelve months was 6.39 with Quick ratio for the last quarter at 0.40.
VEON stock trade performance evaluation
VEON Ltd. [VEON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.48. With this latest performance, VEON shares gained by 15.48% in over the last four-week period, additionally sinking by -3.24% over the last 6 months – not to mention a drop of -30.89% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VEON stock in for the last two-week period is set at 70.70, with the RSI for the last a single of trading hit 75.91, and the three-weeks RSI is set at 67.54 for VEON Ltd. [VEON]. The present Moving Average for the last 50 days of trading for this stock 1.5214, while it was recorded at 1.7240 for the last single week of trading, and 1.5298 for the last 200 days.
VEON Ltd. [VEON]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and VEON Ltd. [VEON] shares currently have an operating margin of +20.52 and a Gross Margin at +53.98. VEON Ltd.’s Net Margin is presently recorded at +7.01.
Return on Total Capital for VEON is now 15.86, given the latest momentum, and Return on Invested Capital for the company is 6.54. Return on Equity for this stock inclined to 25.79, with Return on Assets sitting at 4.17. When it comes to the capital structure of this company, VEON Ltd. [VEON] has a Total Debt to Total Equity ratio set at 843.72. Additionally, VEON Total Debt to Total Capital is recorded at 89.40, with Total Debt to Total Assets ending up at 64.41. Long-Term Debt to Equity for the company is recorded at 632.87, with the Long-Term Debt to Total Capital now at 67.06.
Reflecting on the efficiency of the workforce at the company, VEON Ltd. [VEON] managed to generate an average of $11,934 per employee. Receivables Turnover for the company is 10.94 with a Total Asset Turnover recorded at a value of 0.59.VEON Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.
Earnings per share (EPS) analysis for VEON Ltd. [VEON] stock
With the latest financial reports released by the company, VEON Ltd. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VEON.
VEON Ltd. [VEON]: Insider Ownership positions
There are presently around $625 million, or 23.70% of VEON stock, in the hands of institutional investors. The top three institutional holders of VEON stocks are: EXOR INVESTMENTS (UK) LLP with ownership of 53,114,362, which is approximately 0% of the company’s market cap and around 39.60% of the total institutional ownership; PROSPERITY CAPITAL MANAGEMENT LTD, holding 51,770,198 shares of the stock with an approximate value of $92.67 million in VEON stocks shares; and TT INTERNATIONAL, currently with $83.15 million in VEON stock with ownership of nearly -16.021% of the company’s market capitalization.
Positions in VEON Ltd. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 44 institutional holders increased their position in VEON Ltd. [NASDAQ:VEON] by around 27,208,731 shares. Additionally, 66 investors decreased positions by around 78,647,455 shares, while 25 investors held positions by with 243,421,282 shares. The mentioned changes placed institutional holdings at 349,277,468 shares, according to the latest SEC report filing. VEON stock had 18 new institutional investments in for a total of 11,297,346 shares, while 33 institutional investors sold positions of 25,978,484 shares during the same period.