VEON Ltd. [VEON] Stock trading around $1.75 per share: What’s Next?

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VEON Ltd. [NASDAQ: VEON] stock went on an upward path that rose over 1.16% on Friday, amounting to a one-week price increase of more than 1.16%. The company report on July 15, 2021 that VEON Board member steps down.

Stephen Pusey steps down from VEON Board.

VEON Ltd. (NASDAQ: VEON), (Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announced that Stephen Pusey has stepped down as a director from the VEON Board (the “Board”). Mr. Pusey, who has been on the Board since June 2020, will be focusing on other commitments. Gennady Gazin, Chairman of the Board, said: “We thank Steve, who is a recognized leader in the industry, for his many valuable contributions to the Company.” The Board intends to fill the vacancy created and this will be announced in due course.

Over the last 12 months, VEON stock rose by 2.34%. The one-year VEON Ltd. stock forecast points to a potential upside of 24.89. The average equity rating for VEON stock is currently 2.60, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.02 billion, with 1.75 billion shares outstanding and 907.67 million shares in the current float. Compared to the average trading volume of 9.02M shares, VEON stock reached a trading volume of 4451866 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 $2.33 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 2.60. 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.

BofA Securities have made an estimate for VEON Ltd. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on January 27, 2021. The new note on the price target was released on January 25, 2021, 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 0.38. The Price to Book ratio for the last quarter was 10.29, with the Price to Cash per share for the same quarter was set at 0.79. Price to Free Cash Flow for VEON in the course of the last twelve months was 6.07 with Quick ratio for the last quarter at 0.60.

VEON Stock Performance Analysis:

VEON Ltd. [VEON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.16. With this latest performance, VEON shares dropped by -4.37% in over the last four-week period, additionally plugging by 8.70% over the last 6 months – not to mention a rise of 2.34% 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 45.40, with the RSI for the last a single of trading hit 45.37, and the three-weeks RSI is set at 46.51 for VEON Ltd. [VEON]. The present Moving Average for the last 50 days of trading for this stock 1.7888, while it was recorded at 1.7180 for the last single week of trading, and 1.6800 for the last 200 days.

Insight into VEON Ltd. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and VEON Ltd. [VEON] shares currently have an operating margin of +19.17 and a Gross Margin at +52.27. VEON Ltd.’s Net Margin is presently recorded at -4.37.

Return on Total Capital for VEON is now 13.26, given the latest momentum, and Return on Invested Capital for the company is -3.99. Return on Equity for this stock declined to -49.97, with Return on Assets sitting at -2.34. When it comes to the capital structure of this company, VEON Ltd. [VEON] has a Total Debt to Total Equity ratio set at 6,169.33. Additionally, VEON Total Debt to Total Capital is recorded at 98.40, with Total Debt to Total Assets ending up at 69.11. Long-Term Debt to Equity for the company is recorded at 5,418.40, with the Long-Term Debt to Total Capital now at 86.43.

Reflecting on the efficiency of the workforce at the company, VEON Ltd. [VEON] managed to generate an average of -$7,015 per employee. Receivables Turnover for the company is 10.21 with a Total Asset Turnover recorded at a value of 0.53.VEON Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.60.

VEON Ltd. [VEON] Insider Position Details

There are presently around $601 million, or 26.40% of VEON stock, in the hands of institutional investors. The top three institutional holders of VEON stocks are: EXOR CAPITAL LLP with ownership of 78,347,333, which is approximately 5.799% of the company’s market cap and around 39.60% of the total institutional ownership; MORGAN STANLEY, holding 47,727,160 shares of the stock with an approximate value of $83.52 million in VEON stocks shares; and TT INTERNATIONAL, currently with $66.14 million in VEON stock with ownership of nearly -12.814% of the company’s market capitalization.

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Positions in VEON Ltd. stocks held by institutional investors increased at the end of September and at the time of the September reporting period, where 59 institutional holders increased their position in VEON Ltd. [NASDAQ:VEON] by around 49,503,276 shares. Additionally, 37 investors decreased positions by around 26,852,156 shares, while 20 investors held positions by with 267,124,742 shares. The mentioned changes placed institutional holdings at 343,480,174 shares, according to the latest SEC report filing. VEON stock had 23 new institutional investments in for a total of 15,522,699 shares, while 8 institutional investors sold positions of 3,986,097 shares during the same period.

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