Viatris Inc. [NASDAQ: VTRS] loss -2.19% or -0.29 points to close at $12.97 with a heavy trading volume of 11630215 shares. The company report on April 12, 2021 that Viatris Inc. to Release First Quarter 2021 Financial Results on May 10, 2021.
Viatris Inc. (NASDAQ: VTRS) plans to release its first quarter 2021 financial results on Monday, May 10, before the open of the U.S. financial markets. The company also will host a webcast at 10 a.m. ET on May 10 to discuss the results.
Investors and the general public are invited to listen to a live webcast of the call at investor.viatris.com or by calling 855.493.3607 or 346.354.0950 for international callers (ID#: 3557756). A replay of the webcast also will be available on the website.
It opened the trading session at $13.24, the shares rose to $13.295 and dropped to $12.94, the range by which the price of stock traded the whole day. The daily chart for VTRS points out that the company has recorded -17.07% loss over the past six months. However, it is still 1.07% lower than its most recent low trading price.
If we look at the average trading volume of 11.58M shares, VTRS reached to a volume of 11630215 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Viatris Inc. [VTRS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VTRS shares is $20.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VTRS 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.
RBC Capital Mkts have made an estimate for Viatris Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 07, 2021. While these analysts kept the previous recommendation, Goldman dropped their target price from $20 to $15. The new note on the price target was released on March 08, 2021, representing the official price target for Viatris Inc. stock. Previously, the target price had yet another drop from $21 to $18, while JP Morgan kept a Neutral rating on VTRS stock.
The Average True Range (ATR) for Viatris Inc. is set at 0.37, with the Price to Sales ratio for VTRS stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 0.78. Price to Free Cash Flow for VTRS in the course of the last twelve months was 15.71 with Quick ratio for the last quarter at 0.70.
Trading performance analysis for VTRS stock
Viatris Inc. [VTRS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.22. With this latest performance, VTRS shares dropped by -9.68% in over the last four-week period, additionally sinking by -17.07% over the last 6 months – not to mention a drop of -19.24% 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 VTRS stock in for the last two-week period is set at 28.72, with the RSI for the last a single of trading hit 24.19, and the three-weeks RSI is set at 31.87 for Viatris Inc. [VTRS]. The present Moving Average for the last 50 days of trading for this stock 15.31, while it was recorded at 13.26 for the last single week of trading.
Viatris Inc. [VTRS]: A deeper dive into fundamental analysis
Viatris Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.
Viatris Inc. [VTRS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Viatris Inc. posted 0.9/share EPS, while the average EPS was predicted by analysts to be reported at 0.86/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.70%. 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 VTRS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viatris Inc. go to -3.65%.
An analysis of insider ownership at Viatris Inc. [VTRS]
The top three institutional holders of VTRS stocks are: VANGUARD GROUP INC with ownership of 129,072,141, which is approximately -74.489% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 89,526,414 shares of the stock with an approximate value of $1.19 billion in VTRS stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $925.7 million in VTRS stock with ownership of nearly -76.212% of the company’s market capitalization.