Vonage Holdings Corp. [VG] Is Currently -2.39 below its 200 Period Moving Avg: What Does This Mean?

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Vonage Holdings Corp. [NASDAQ: VG] loss -2.39% or -0.45 points to close at $18.39 with a heavy trading volume of 8660261 shares. The company report on May 9, 2022 that Four Vonage Channel Program Executives Named on CRN’s 2022 Women of the Channel List.

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Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, today announced that CRN®, a brand of The Channel Company, has named four Vonage channel program executives to its Women of the Channel list for 2022.

These Vonage channel team members are all named on CRN’s esteemed list, which honors the incredible accomplishments of female leaders in the IT channel:.

It opened the trading session at $18.88, the shares rose to $18.91 and dropped to $18.11, the range by which the price of stock traded the whole day. The daily chart for VG points out that the company has recorded 7.36% gains over the past six months. However, it is still -51.36% lower than its most recent low trading price.

If we look at the average trading volume of 4.23M shares, VG reached to a volume of 8660261 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 Vonage Holdings Corp. [VG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VG shares is $21.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VG stock is a recommendation set at 3.00. 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.

Barclays have made an estimate for Vonage Holdings Corp. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on November 26, 2021. While these analysts kept the previous recommendation, JP Morgan raised their target price from $16 to $26. The new note on the price target was released on November 05, 2021, representing the official price target for Vonage Holdings Corp. stock. Previously, the target price had yet another raise to $20, while Barclays analysts kept a Overweight rating on VG stock.

The Average True Range (ATR) for Vonage Holdings Corp. is set at 0.26, with the Price to Sales ratio for VG stock in the period of the last 12 months amounting to 3.36. The Price to Book ratio for the last quarter was 8.14, with the Price to Cash per share for the same quarter was set at 0.06. Price to Free Cash Flow for VG in the course of the last twelve months was 33.09.

Trading performance analysis for VG stock

Vonage Holdings Corp. [VG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.36. With this latest performance, VG shares dropped by -9.76% in over the last four-week period, additionally plugging by 7.36% over the last 6 months – not to mention a rise of 42.17% 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 VG stock in for the last two-week period is set at 12.28, with the RSI for the last a single of trading hit 7.77, and the three-weeks RSI is set at 16.95 for Vonage Holdings Corp. [VG]. The present Moving Average for the last 50 days of trading for this stock 20.04, while it was recorded at 19.15 for the last single week of trading, and 18.31 for the last 200 days.

Vonage Holdings Corp. [VG]: A deeper dive into fundamental analysis

Vonage Holdings Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 0.80.

Vonage Holdings Corp. [VG]: An earnings per share (EPS) analysis

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 VG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Vonage Holdings Corp. go to 10.00%.

An analysis of insider ownership at Vonage Holdings Corp. [VG]

There are presently around $4,385 million, or 92.80% of VG stock, in the hands of institutional investors. The top three institutional holders of VG stocks are: BLACKROCK INC. with ownership of 31,596,390, which is approximately -0.487% of the company’s market cap and around 1.30% of the total institutional ownership; VANGUARD GROUP INC, holding 26,658,413 shares of the stock with an approximate value of $502.25 million in VG stocks shares; and JANUS HENDERSON GROUP PLC, currently with $184.64 million in VG stock with ownership of nearly -36.392% of the company’s market capitalization.

156 institutional holders increased their position in Vonage Holdings Corp. [NASDAQ:VG] by around 64,812,788 shares. Additionally, 144 investors decreased positions by around 70,701,827 shares, while 31 investors held positions by with 97,252,932 shares. The mentioned changes placed institutional holdings at 232,767,547 shares, according to the latest SEC report filing. VG stock had 77 new institutional investments in for a total of 44,250,008 shares, while 60 institutional investors sold positions of 40,391,976 shares during the same period.